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Click here to visit the new home of Politics Daily!A new reality for retailers is here, and according to October sales, it means more shoppers in stores, but they're also spending more carefully. That's not necessarily bad news for the holiday season. It's just that retailers have accepted they'll have to work hard this year to keep registers ringing. See full article from DailyFinance: http://srph.it/9Rlyha ...
WASHINGTON (Nov. 15) -- Retail sales, helped by strong demand for autos, increased in October by the largest amount in seven months. The Commerce Department reported Monday that retail sales rose 1.2 percent last month. That was nearly double the gain that had been expected and the largest increase since March. Much of the strength came from a big rise in auto sales. Excluding autos, retail sales rose a more modest 0.4 percent. October represented the fourth straight increase in retail sales after sales had fallen in May and June. Those declines had raised worries about the economic ...
Retail 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, ...
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