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Showing posts with the label Retail Sales

Retail Sales in USA grew in April - A positive sign

In April retail sale in USA grew 1.2 percent from a year earlier, according to Thomson Reuters . Although main reason of the growth is attributed to Easter festival, warm weather and more than expected sales growth in Wal-Mart.  Without Wal-Mart, retail sales fell 2.7 percent last month. Still, several clothing stores reported that their sales also grew last month — or at least fell at a slower pace than before.   

US Holiday Spending is at 5 Year Low, Reports Washington Post

Although there is a surge in holiday spending over the weekend but the growth could be the lowest in last five years. Washington Post further reports that according to the National Retail Federation in Washington high Gasoline price ( at $3 a gallon) and rising food prices have discouraged shoppers from spending during November and December, which account for 20 percent of retailers' annual revenue. Read more