Tag: Retail Sales

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...

Lowe's Cos Inc released its full-year sales forecast on Wednesday, missing market expectations. The company claims that its lower forecasts have arisen due to weakening demand for home improvement products. The decrease in demand appears to be two-fold. On one hand, inflation has pressured many...

Highly-anticipated earnings reports from Walmart and Home Depot are due to be released this week, with investors looking to use these retail giants' financial results to gauge the economic direction of the country. Both sets of results are expected to be released before the...

Consumer spending remained high in January despite reports showing that inflation continued to rise in the new year. According to data from the Bank of America Institute, credit and debit card spending in January rose compared to February. Spending per household increased by 5.1% compared...