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Recovery Growing? Retail Sales Rise in March as Shoppers Reemerge
By Tom Diemer - Politics DailyRetail sales climbed 1.6 percent in March as shoppers emerged from the winter doldrums to buy automobiles and other goods in a broadening of the economic recovery. The March jump in sales was the best showing since last November and followed February's 0.5 percent increase, the Commerce Department said. The picture brightened especially for the automobile industry last month. Motor vehicle and parts sales were up 14.1 percent from March of 2009, the government said. In all, retail and food sales in the U.S. amounted to $362 billion, possibly reflecting better weather in many parts of the ...
Retail Sales Up in February, Surprising Economists
By Tom Diemer - Politics DailyRetail sales rose in February despite the bad weather, surprising the economists (and they are often surprised) who expected a decline. Sales for the month climbed 0.3 percent, the Commerce Department reported. That may not sound like much, but it's 3.9 percent better than February 2009 and a jolt to some on Wall Street who thought the sales rate would be in negative territory. "The consumer continues to come out of its shell after the shell-shock of the recession," T. Rowe Price analyst Alan Levenson told the New York Times. "Employment is falling more slowly, wages are growing modestly, ...
Retail Sales Jump in January
By Christopher Weber - Politics DailyU.S. retailers reported better-than-expected sales during January but analysts say it remains to be seen if the rising numbers are a trend or just an echo from the holiday season spending glut, Reuters reported. A survey of 29 major retailers compiled by Thomson Reuters found January sales rose 3.3 percent, nearly twice what analysts were expecting. The numbers show a rebound from January 2009, when sales fell 5.7 percent, and follow a bigger-than-expected 2.9 percent jump in December, according to Reuters. Industry experts worry the trend won't carry over for the full first quarter of ...
Strong Retail Sales Defy Democrats' Forecasts
By Mark Impomeni - Politics DailyAOL News has the figures from the Thanksgiving weekend start to the Christmas shopping season, and early indications are that shoppers have not been paying attention to gloomy media and political candidates' forecasts about the state of the economy. Retail sales for Friday and Saturday combined rose by 7.2% over last year to a staggering $16.4 billion. Sales on Black Friday alone rose a very healthy 8.3% over last year to $10.3 billion, according to ShopperTrak RCT Corp, which tracks sales at over 50,000 retailers nationwide. The news was even better online, as consumers drove sales up 22% ...
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