Tag: US Retail Sales

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...

U.S. retail giant Best Buy announced on Tuesday that it has forecasted a smaller-than-expected drop in sales ahead of the busy holiday season. While the big box store previously forecasted an 11% drop in full-year comparable sales, it now estimates a 10% sales decline. The...

The Commerce Department reported on Wednesday that U.S. retail sales remained unchanged in July, despite the recent decline in gasoline prices. Retail sales increased by a marginal 0.8% the previous month. This figure excludes automobiles, building materials, gasoline, and food services. Sales were largely in...

U.S. customers have cut their spending in May more than predicted. According to data shared by US Commerce Department, the retail sales have dropped by 0.3 percent in May compared to an expected 0.2 rise. U.S. retail sales have spiked each month since January, including...