Latest Retail sales News

Lawmakers question financing teacher raises by spending cuts

Jan. 23, 2020 3:58 PM EST

ATLANTA (AP) — Lawmakers who write Georgia's budget are questioning Gov. Brian Kemp's decision to pay for a teacher pay raise with budget cuts. Both Senate Appropriations Committee Chairman Jack Hill and House Appropriations Committee Chairman Terry England said Thursday that more than $200 million in...

FILE - In this Jan. 10, 2020, file photo trader Gregory Rowe works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 17 (AP Photo/Richard Drew, File)

Tech, communications stocks push US indexes to more records

Jan. 17, 2020 5:05 PM EST

Wall Street capped a milestone-setting week Friday with a few more as modest gains nudged the major stock indexes to all-time highs. The benchmark S&P 500 index also notched its second-straight weekly gain. Technology stocks powered much of the market's broad gains, along with communication services companies...

Moody's says Kansas layoffs threaten government tax revenues

Jan. 17, 2020 3:56 PM EST

WICHITA, Kan. (AP) — Moody's Investors Service said Friday that layoffs at Spirit AeroSystems are “credit negative” for the city of Wichita, Sedgwick County and local communities because the workforce reduction threatens retail sales, lowering sales tax revenues that support government...

FILE - In this Jan. 10, 2020, file photo specialist Meric Greenbaum, center, works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 16. (AP Photo/Richard Drew, File)

Global stocks inspired by US rally, hopes for Chinese growth

Jan. 17, 2020 7:54 AM EST

Global stocks rose Friday, seemingly buoyed by high spirits on Wall Street, as new data suggested China's economic slowdown may have stabilized and Washington and Beijing signed a trade deal. European indexes were broadly higher, while markets in Shanghai, Tokyo and Hong Kong closed with gains, after the U.S.'s...

Georgia lawmakers: Tighten internet sales tax collections

Jan. 16, 2020 1:22 PM EST

ATLANTA (AP) — Georgia lawmakers have reached a deal to tighten sales tax collections by online businesses including Amazon, eBay and Airbnb. The House and Senate both passed a conference report Thursday, sending it to Gov. Brian Kemp for his signature. The measure would take effect April 1, meaning it...

FILE - In this Nov. 27, 2019, file photo Robin Hazal shops at a Kohl's ahead of Black Friday in Las Vegas. The nation's largest retail trade group said Thursday, Jan. 16, 2020, that holiday sales increased 4.1%, near the top end of its forecast. (AP Photo/John Locher)

Nation's largest retail trade group: holiday sales rose 4.1%

Jan. 16, 2020 12:32 PM EST

NEW YORK (AP) — The nation's largest retail trade group says holiday sales increased 4.1%, the top end of its forecast. The National Retail Federation had expected growth in a range of 3.8% to 4.2% for the November and December period. The growth is nearly double the 2.1% growth seen during the holiday...

In this Jan. 9, 2020, photo pick-up trucks are lined up for sale on the sales lot at Betley Chevrolet dealership in Derry, N.H. On Thursday, Jan. 16, the Commerce Department releases U.S. retail sales data for December. (AP Photo/Charles Krupa)

Confident consumers lift US retail sales in December

Jan. 16, 2020 9:32 AM EST

WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month, evidence that Americans were willing to spend during the winter holidays after a sluggish November. The Commerce Department said Thursday that retail sales increased 0.3% in December from the previous month. Excluding sales at car dealers...

US shoppers lift retail sales a solid 0.3% last month after sluggish start to holidays

Jan. 16, 2020 8:32 AM EST
WASHINGTON (AP) — US shoppers lift retail sales a solid 0.3% last month after sluggish start to holidays.
FILE- In this Nov. 23, 2018, file photo shoppers browse the aisles during a Black Friday sale at a Target store in Newport, Ky. Comparable stores sales at Target fell well below the previous year, joining a growing list of retailers reporting a meager performances during the critical holiday shopping season. Target said Wednesday, Jan. 15, 2020, that it had weaker-than-expected sales of electronics, toys and some home good. Those sales climbed 1.4% in the November-December period, compared with a 5.7% increase a year earlier.  (AP Photo/John Minchillo, File)

Target, like other retailers, did not have a Merry Christmas

Jan. 15, 2020 1:06 PM EST

Target reported a rare shortfall in holiday sales, raising concerns about the challenges ahead for the traditional retail industry even as the economy remains strong. Target's disappointing growth of 1.4% percent for November and December, dragged down by toys and electronics, fell well below the previous year....

New state Sen. Randy Robertson, R-Cataula, center, is flanked by Majority Leader Mike Dugan, R-Carrollton, left, and Majority Whip Steve Gooch, R-Dahlonega, right, as he speaks to the media during the opening day of the year for the general session of the state legislature, Monday, Jan. 13, 2020, in Atlanta. (AP Photo/John Amis)

Bill to increase Georgia tax collections could move quickly

Jan. 14, 2020 12:44 PM EST

ATLANTA (AP) — Georgia lawmakers say they're near a deal to tighten tax collections on some online sales. The state House of Representatives sent House Bill 276 to a conference committee with senators on Tuesday to work out differences left over from the 2019 session. The measure aims to ensure that...