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Retail Sales

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BUSINESS
February 5, 1988 | By JAMES C. LAWSON, Special to the Daily News
Philadelphia area retailers, aided by a strong economy and sales promotions in January, saw moderate sales growth outpace that of retailers in other regions of the country. The Bensalem-based Charming Shoppes Inc., owner of Fashion Bug and Fashion Bug Plus stores, saw total sales increase 33 percent in January. Bernard Brodsky, the company's vice president and treasurer attributed much of the sales growth to performance at 176 new stores that were opened last year. Nationally, women's apparel retailers saw poor sales performance because of the weak dollar and the lack of an easily identifiable fashion trend, says Karen Grimes, an analyst with Butcher & Singer Inc. in Philadelphia.
BUSINESS
July 9, 2004 | FROM INQUIRER WIRE SERVICES
Major U.S. retailers yesterday blamed unusually cool weather and high gasoline prices for disappointing June sales. The discouraging reports cut across industry sectors, with discounters such as Wal-Mart Stores Inc., many department stores, and some apparel merchants among those falling short of expectations. All five Philadelphia-area merchants that reported June results yesterday said their sales fell from May at stores open at least a year. "We trade to a very moderate-income customer base," said Barry Susson, chief financial officer at Deb Shops Inc., of Philadelphia.
BUSINESS
September 4, 1987 | The Inquirer Staff
The nation's largest general retailers announced generally disappointing August sales results yesterday, reflecting a hard fact of life: Changes in the calendar can affect consumers' buying habits and give storeowners a lackluster month. Jeffrey Edelman, a retail analyst with Drexel Burnham Lambert Inc., attributed the poor performance to delayed back-to-school shopping. Sears Roebuck & Co., the nation's largest retailer, reported its sales for August rose 1.2 percent over August 1986 results, to $2.3 billion.
BUSINESS
August 13, 2011 | Associated Press
WASHINGTON - Consumers spent more on autos, furniture, clothing, and gasoline in July, pushing up retail sales by the largest amount in four months. The gain signaled that Americans are a little more confident in the economy and could help dispel fears that the country is headed for another recession. Retail sales rose 0.5 percent last month, the Commerce Department said Friday. It was the best showing since March. The government also revised sales higher in the previous two months.
BUSINESS
September 15, 2011 | By Martin Crutsinger, Associated Press
WASHINGTON - Consumers spent less on autos, clothing, and furniture to leave retail sales unchanged in August - suggesting that households became more cautious during wild stock-market fluctuations and increased fears about the economy. The retail sales report Wednesday from the Commerce Department also said sales were slightly weaker in July than first thought. They rose just 0.3 percent that month, down from the initial reading of 0.5 percent. Auto sales fell 0.3 percent in August.
BUSINESS
July 17, 2013 | By Martin Crutsinger, Associated Press
WASHINGTON - The U.S. economy appears to be weaker than many economists had thought after a report Monday showed consumers spent cautiously in June at retail businesses. Americans bought more cars and trucks, furniture, and clothes. But they cut back on almost everywhere else. They spent less at restaurants and bars, reduced purchases at home improvement stores, and bought fewer computers and electronics. Overall retail spending rose 0.4 percent in June from May, the Commerce Department said.
BUSINESS
May 11, 1990 | From Inquirer Wire Services
Buoyed by Easter shopping and mild spring weather, retail sales rose in April, major store chains said yesterday. The best performance came from apparel stores, which continued to do better than the overall retail industry. But analysts said department stores, which have lagged the specialty retailers for some time, showed signs of improvement. Sales were especially aided by Easter, which fell in April, helping to lift the year-over-year results for last month. The holiday fell in March last year.
BUSINESS
November 8, 1991 | From Inquirer Wire Services
Despite sales increases in most major chain stores in October, analysts are warning that consumer confidence is not improving and that retailers are facing another tough holiday shopping season. The analysts also cautioned that some of last month's sales reports looked healthier than they actually were. "You have to remember that the business was falling away rapidly at this time last year," making 1991 sales appear stronger, said David Poneman, an analyst with the Sanford C. Bernstein & Co. Inc. investment firm.
BUSINESS
September 19, 1989 | By Neill A. Borowski, Inquirer Staff Writer
If you sell boats, automobiles, recreational vehicles, garden supplies or records and prerecorded tapes, the boom of the 1980s bloated your bank account. But if your retail specialty is dairy products, fuel oil, tobacco or gasoline, the boom likely was a bust, according to U.S. Census Bureau retail data from 1987 released yesterday. However, the boom is over, economist Lawrence Chimerine cautioned business planners and economists. Even the retailers who had trouble keeping up with the demand of consumers flush with funds in the 1980s will not escape a sharp growth slowdown, he predicted.
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BUSINESS
March 16, 2016 | By Suzette Parmley, Staff Writer
As March Madness starts Tuesday, it's not only die-hard hoops fans who are rejoicing. With three local teams - Villanova, Temple and St. Joseph's - all in the Big Dance, sports retailers are expecting strong sales. The fact that the Villanova Wildcats are ranked No. 6 in the nation and are a No. 2 seed going into the three-week tournament definitely boosts interest and foot traffic into their stores, they say. "Anything with 'Villanova' on it is out of here," said Tom Varrone, a retail manager for Schuylkill Valley Sports, an 18-store sporting goods chain in the Philadelphia region, including the Schuylkill Valley Style shop at Plymouth Meeting Mall, where Varrone works.
BUSINESS
February 12, 2016 | By Suzette Parmley, Staff Writer
National retail sales are forecast to go up 3.1 percent in 2016 from last year, according to the National Retail Federation. The trade group said the growth will be fueled by strong job growth and more consumer spending. "There is a lot of enthusiasm about the year ahead, and there is a great deal of disruption going on at the moment, and disruption creates opportunity," said Matthew Shay, president and chief executive officer of the NRF. Shay said the 3.1 percent projection represents a rise from the 10-year average of 2.7 percent growth.
BUSINESS
October 10, 2015 | By Suzette Parmley, Inquirer Staff Writer
Holiday-season sales are forecast to increase 3.7 percent, not as much as a year ago but still solid, the head of the National Retail Federation said Thursday. November-through-December sales increased 4.1 percent last year, compared with 2013. "It's a strong, solid, realistic forecast reflective of the current state of the consumer and overall macroeconomic conditions, including historically low gas prices, home values improving, and consumer spending improving," Matthew Shay, president and CEO of the retail trade group, said during a conference call with reporters.
NEWS
December 16, 2014
TWO WEEKS AGO, the National Retail Federation (NRF) reported that overall shopper traffic on Black Friday weekend - Thanksgiving Day through Sunday, Nov. 30 - dropped more than 5 percent from 2013. Actual spending was expected to decline by more than 6 percent from 2013. On Thursday, after a stronger-than-expected retail report from the Commerce Department, the NRF said that lower prices at the gas pump put more money in the pockets of consumers and that its forecast "is right on track" for 4 percent holiday-sales growth.
BUSINESS
December 25, 2013 | By Bob Fernandez, Inquirer Staff Writer
Target Corp., the nation's second-largest discount chain, continued to reel from its disclosure last week of a huge data breach that compromised 40 million credit- or debit-card accounts during the holiday season. Shoppers posted comments last weekend on Target's Facebook page saying the retailer needed to reissue its REDcard credit and debit cards. There were also mentions of long waits for customer service. Craig Johnson, president of the retail consultancy Customer Growth Partners, said Monday that REDcard usage fell over the weekend and more Target shoppers bought with cash.
BUSINESS
July 17, 2013 | By Martin Crutsinger, Associated Press
WASHINGTON - The U.S. economy appears to be weaker than many economists had thought after a report Monday showed consumers spent cautiously in June at retail businesses. Americans bought more cars and trucks, furniture, and clothes. But they cut back on almost everywhere else. They spent less at restaurants and bars, reduced purchases at home improvement stores, and bought fewer computers and electronics. Overall retail spending rose 0.4 percent in June from May, the Commerce Department said.
BUSINESS
July 13, 2013 | Associated Press
NEW YORK - The stock market, which has been marching higher for a week, got extra fuel Thursday after Federal Reserve Chairman Ben Bernanke said the central bank would keep supporting the economy. The Dow Jones industrial average and Standard & Poor's 500 surged to all-time highs. A mix of additional economic news - much of it positive - added octane to the market's tank. Retail sales surged in June. The Treasury reported a rare monthly surplus. Foreclosures fell. And while new jobless claims rose, the numbers reflected steady hiring.
BUSINESS
June 14, 2013 | By Martin Crutsinger, Associated Press
WASHINGTON - Americans stepped up purchases at retail businesses in May, spending more on cars, home improvement, and sporting goods. The gain shows that consumers remain resilient despite higher taxes and could drive faster growth later this year. The Commerce Department said Thursday that retail sales increased 0.6 percent in May from April. That's up from a 0.1 percent gain the previous month and is the fastest pace since February. The gain was led by a 1.8 percent jump in auto sales, the biggest increase in six months.
BUSINESS
April 19, 2013 | By Christopher S. Rugaber, Associated Press
WASHINGTON - A strengthening housing recovery and robust auto sales contributed to moderate growth across the United States in late February and March, according to a Federal Reserve survey released Wednesday. All of the Fed's 12 banking districts grew moderately and growth accelerated in two districts - New York and Dallas - from January and early February. In the Philadelphia region, the Fed said business activity maintained a "modest pace of growth" evident earlier. "In particular, general services, staffing, tourism, and commercial real estate leasing continued to expand at modest rates," the survey said, while retail activity and residential construction in the area appeared to be slowing.
BUSINESS
March 15, 2013 | By Martin Crutsinger, Associated Press
WASHINGTON - Thanks to solid job creation, Americans spent more at retailers in February despite smaller paychecks. The surprisingly strong increase helped allay fears that higher Social Security taxes and gasoline prices might chill spending early this year. Much of the increase in February retail sales compared with January reflected the higher gas prices. But even excluding the volatile categories of gas, autos, and building supply stores, so-called core retail sales rose strongly.
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