Tag: Retail Sales numbers

U.S. retail sales fell by 0.4% in February; a decline that is expected to have come due to the previous month's outsized increase. Despite the decline, the underlying sales momentum remained strong, with the economy continuing to expand. January retail sales data was also...

Costco shares were down by 2% after the market's close on Thursday night after the company released its fiscal second-quarter earnings results. The big box retailer's earnings results appeared mostly mixed, however, most metrics beat expectations. Revenue for the period was $55.27 billion, narrowly missing...

Macy's Inc stocks jumped by 5% on Thursday after the department store posted positive earnings results, upping its annual forecast for 2023 as a result. The retail chain's earnings were largely boosted by its decision to offer steep discounts during the holiday period in an...

Associated British Foods reported on Tuesday a 15% rise in sales for its Primark clothing business over the 16 weeks ending January 7. The food processing group attributed the sales boost to a busy Christmas period. "To date, Primark trading has been good in all...

U.S. holiday sales rose by 5.3% to $936.3 billion during November and December of 2022, thus narrowly missing estimates of a rise between 6% and 8%, or $942.6 billion and $960.4 billion. According to the data from the National Retail Federation (NRF), shoppers brought many...

Retail sales fell lower than expected during December 2022, thereby putting consumer spending and the U.S. economy on a weaker growth path leading into 2023. The 1.1% drop exceeded analysts' forecasts of a 0.8% decline. Despite this fall, retail sales still grew 0.6% on...