In June, Americans kept their spending habits going strong, even as prices started to climb due to new tariffs. The Commerce Department shared that retail sales grew by 0. 6% from May, bouncing back from a big drop in May. Experts expected a much smaller increase, so this was a pleasant surprise. Car dealerships saw a big boost, with sales jumping by 1. 2%. Restaura...
Consumer spending took a hit in May, with retail sales dropping by 0. 9\%. This decline was worse than the predicted 0. 6\% decrease, according to seasonally adjusted figures. The slowdown was largely due to a drop in gas sales and growing economic uncertainty. This dip followed a modest 0. 1\% decrease in April, adding to the overall unease caused by tariffs and geo...
The US economy is feeling the pinch of trade tensions. Wholesale prices took a significant dip in April, marking the steepest drop since the COVID-19 pandemic hit. This decline is largely due to the impact of tariffs on profit margins, according to recent data. The Producer Price Index, a key indicator of wholesale inflation, showed a 0. 5% decrease in April c...
There was a significant increase in retail sales in March. This jump was largely due to people buying cars before new tariffs took effect. The Commerce Department reported that spending at various outlets, including stores, restaurants, and car dealerships, rose by 1. 4% compared to February. This was the biggest increase in over two years. The main reason for this s...
The month of March saw a notable increase in retail sales across the United States. This surge was largely due to consumers rushing to make purchases before significant tariff increases took effect. The Commerce Department reported a 1. 4% rise in retail sales from February to March, the highest monthly increase since January 2023. This jump was primarily driven by t...
In March, Americans went on a shopping spree. They bought more goods than usual. This happened because people were worried about upcoming tariffs. These tariffs are taxes on imported goods. They make things more expensive. The U. S. government planned to put these tariffs on items from China, Canada, and Mexico. So, people rushed to buy things before the prices went ...
The latest data from the Commerce Department revealed that retail sales in the US saw a modest increase in February. This uptick was smaller than what analysts had predicted, raising questions about the strength of consumer spending. This is crucial because consumer spending is a major driver of the US economy. The February sales figures showed a 0. 2 percent increa...
February's retail sales showed a modest increase of 0. 2%, which was less than what experts had predicted. This growth was slightly better than the revised decline seen in January, but it still fell short of the anticipated 0. 6% rise. When you exclude car sales, the increase was 0. 3%, which matched expectations. These numbers are adjusted for seasonal changes but n...
Foot Locker is expecting a tough year ahead in the sneaker market. The company is bracing for more discounts in 2025. This is due to Nike, its biggest partner, clearing out old stock with markdowns. Nike is trying to fix its problems by selling old shoes at a discount. This is a big deal because Nike makes up about 60% of Foot Locker's sales. Foot Locker's r...
Every year, the third Monday of February is a special day for Americans. It's Presidents' Day, a federal holiday that honors George Washington, the first president. His actual birthday is on February 22. Over time, this day has also come to remember Abraham Lincoln, who was born on February 12. People often get a day off from work or school on Presidents' Day. It's ...