Latest Retail sales News

US retail sales rose 0.5% in May, led by online shopping

Jun. 14, 2019 9:21 AM EDT

WASHINGTON (AP) — Americans stepped up their retail spending last month, a sign that recent worries about cautious consumers dragging on growth may have been overdone. The Commerce Department said Friday that retail sales rose 0.5% in May, after a smaller gain of 0.3% in the previous month. April's figure...

US retail sales rose a solid 0.5% in May as consumers spent more on cars, electronics

Jun. 14, 2019 8:33 AM EDT
WASHINGTON (AP) — US retail sales rose a solid 0.5% in May as consumers spent more on cars, electronics.

US-China trade dispute weighing on retail sector

May. 30, 2019 2:27 PM EDT

NEW YORK (AP) — Pressure from the trade dispute between the U.S. and China continues to weigh on the retail sector. Retailers have seen their shares seesaw this week as they express concern over tariffs squeezing their businesses. The latest is PVH Corp., owner of the Calvin Klein and Tommy Hilfiger...

Target's online game is on target

May. 22, 2019 5:23 PM EDT

NEW YORK (AP) — An aggressive campaign at Target to let customers do more online is paying off. The retailer exceeded first quarter expectations on just about every level, saying the same day services it's rolled out, including picking up online orders at the store, drove more than 25% of comparable sales...

Walmart warns that higher tariffs will mean higher prices

May. 16, 2019 4:04 PM EDT

NEW YORK (AP) — Walmart warned on Thursday that higher tariffs on imports from China will mean higher prices. The comments came after the nation's largest retailer reported its best sale performance at its established U.S. namesake stores for the fiscal first quarter in nine years. It marked 19 straight...

Asian stocks mixed on trade jitters, reported tariff delay

May. 15, 2019 11:26 PM EDT

TOKYO (AP) — Asian shares were mixed Thursday amid worries over trade tensions, leavened by media reports that President Donald Trump may delay a decision on auto tariffs. On Wall Street, a promising update on the Trump administration's efforts to reach a trade deal with Canada and Mexico by Treasury...

Macy's warns customers could feel impact of trade war

May. 15, 2019 4:06 PM EDT

NEW YORK (AP) — Macy's customers may finally start to feel the impact of President Donald Trump's trade war with China. Like many department stores and general merchandise retailers, Macy's had been left largely unscathed by the first several rounds of tariffs since they focused more on industrial and...

Retail sales in 2019 are a wild ride, slip 0.2% in April

May. 15, 2019 10:02 AM EDT

WASHINGTON (AP) — U.S. retail sales declined last month as Americans cut back their spending on clothes, appliances, and home and garden supplies. Sales dropped 0.2% in April, the Commerce Department said Wednesday, after a big 1.7% jump in March. Car sales dropped 1.1% last month and sales at electronics...

US retail sales slip 0.2% in April as spending on cars, appliances and clothing falls

May. 15, 2019 8:36 AM EDT
WASHINGTON (AP) — US retail sales slip 0.2% in April as spending on cars, appliances and clothing falls.

China's economic activity weakens amid tariff war

May. 15, 2019 6:47 AM EDT

BEIJING (AP) — China's factory output and consumer spending weakened in April as a tariff war with Washington intensified, adding to pressure on Beijing to shore up shaky economic growth. Wednesday's unexpectedly weak data prompted suggestions Beijing needs to boost stimulus spending and bank lending to...