Latest Retail sales News

Marijuana legalization bill clears House panel in Delaware

Jan. 26, 2022 18:21 PM EST

DOVER, Del. (AP) — A Democrat-led House committee voted mostly along party lines Wednesday to release a bill legalizing recreational marijuana use by adults in Delaware. A lone Republican joined Democrats on the Health and Human Development committee in voting to release the bill,...

Rising inflation tightens squeeze on consumers

Jan. 20, 2022 10:26 AM EST

Retail sales took an unexpected dip in December in what could be a signal that persistently rising inflation is prompting a pullback in consumer spending. Consumers paid more for everything from groceries to cars in 2021 as companies passed along the costs of pricier raw materials...

World shares mixed after China reports slowing growth

Jan. 17, 2022 03:31 AM EST

BANGKOK (AP) — World shares were mixed on Monday after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter. Paris, Frankfurt, Tokyo and Shanghai advanced while Hong Kong and Seoul declined. ...

Asian shares mixed after China reports slowing growth

Jan. 16, 2022 22:32 PM EST

BANGKOK (AP) — Shares were mixed in Asia on Monday after China reported that its economy expanded at an 8.1% annual pace in 2021, though growth slowed to half that level in the last quarter. Tokyo, Shanghai and Sydney rose, while Hong Kong and Seoul declined. The...

Stocks end mostly higher, but still log another losing week

Jan. 14, 2022 17:02 PM EST

A late-afternoon recovery in technology stocks helped erase most of the market's losses Friday, though it wasn't enough to keep major indexes from posting their second straight losing week. The S&P 500 eked out a 0.1% gain in the final minutes of trading after having been down...

December retail sales slip after a record holiday season

Jan. 14, 2022 13:15 PM EST

NEW YORK (AP) — Americans overlooked shortages, spiking prices and uncertainty over the omicron variant to break spending records during the critical holiday shopping season. But figures released Friday show that after spending robustly early in the holiday season, consumers sharply slowed their...

Retail sales drop 1.9% in December as omicron, product shortages and inflation crimp spending

Jan. 14, 2022 08:46 AM EST
NEW YORK (AP) — Retail sales drop 1.9% in December as omicron, product shortages and inflation crimp spending.

This Week: Consumer prices, Delta earns, retail sales

Jan. 10, 2022 00:11 AM EST

A look at some of the key business events and economic indicators upcoming this week: EYE ON INFLATION The Labor Department serves up its December reading of inflation at the consumer level Wednesday. Americans continue to face higher costs, reflected in...

Despite supply issues and omicron, holiday sales rise 8.5%

Dec. 26, 2021 16:40 PM EST

Holiday sales rose at the fastest pace in 17 years, even as shoppers grappled with higher prices, product shortages and a raging new COVID-19 variant in the last few weeks of the season, according to one spending measure. Mastercard SpendingPulse, which tracks all kinds of payments...

Modest 0.3% November retail sales bump, optimism still high

Dec. 15, 2021 12:04 PM EST

NEW YORK (AP) — Americans slowed their spending from October to November but continued shopping ahead of the critical holiday season, brushing off rising prices and shortages. Retail sales rose a modest, seasonally adjusted 0.3% in November compared with the previous month when...