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Retail Sales United States

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BUSINESS
June 13, 1997 | From Bloomberg News
Sales at U.S. retailers fell for the third month in a row in May, and first-time claims for unemployment benefits rose last week--unexpected developments reported Thursday that show the economy has shifted into a lower gear. Retail sales fell 0.1% last month as purchases of autos and other durable goods slid. That followed revised declines of 0.9% in April sales and 0.3% in March sales--both worse than previously reported.
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NEWS
March 10, 1998 | DAVID G. SAVAGE, TIMES STAFF WRITER
Discount retailers won the legal right Monday to sell copyrighted U.S. goods in this country that they have bought for less in overseas markets. Reversing federal court decisions in California, the Supreme Court ruled that copyright owners do not have the "exclusive right" to control such marketing of their products. The decision affects products ranging from recordings and books to sunglasses and shampoo. It upholds a part of the estimated $130 billion a year "gray market" in U.S.
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BUSINESS
December 12, 1992 | From Times Wire Services
The economy showed increased signs of growth--as November retail sales rose for a fifth consecutive month, inflation remained subdued and the number of delinquent consumer loans fell to their lowest level since before the recession started--heralding what economists predict will be the best holiday shopping season in four years. "There's a distinct possibility that December sales could be a bonanza," said economist Campbell Harvey, a professor at Duke University.
BUSINESS
June 13, 1997 | From Bloomberg News
Sales at U.S. retailers fell for the third month in a row in May, and first-time claims for unemployment benefits rose last week--unexpected developments reported Thursday that show the economy has shifted into a lower gear. Retail sales fell 0.1% last month as purchases of autos and other durable goods slid. That followed revised declines of 0.9% in April sales and 0.3% in March sales--both worse than previously reported.
BUSINESS
January 8, 1993 | GEORGE WHITE, TIMES STAFF WRITER
A surge in December sales provided the nation's retailers with their best Christmas season in four years, according to reports Thursday that show a strong year-end performance for department stores, discounters and specialty apparel shops. But there was no Christmas cheer for Southern California retailers: Analysts' estimates ranged from a 3% sales drop compared to December, 1991, to a weak 3% gain over the year-ago period.
BUSINESS
March 5, 1993 | GEORGE WHITE, TIMES STAFF WRITER
Cold weather in much of the nation chilled the buying habits of many consumers last month, leaving retailers with lower than expected sales during February--the first full month of business since the inauguration of President Clinton. Retail sales nationwide rose 6% for the month compared to February, 1992, said Steven Marotta of New York-based Johnson Redbook Service, which analyzes retailing. The retail industry had expected an overall increase of 7% to 8%, Marotta said.
BUSINESS
January 10, 1997 | GEORGE WHITE, TIMES STAFF WRITER
Retail sales growth in California outpaced the nation for the first time in nine years as December business fell short of expectations, according to retailers and industry analysts. Nationwide, December sales increased by 3.5% to 4.5%--a full percentage point below the most modest predictions--as consumers showed restraint in the face of heavy credit card debt. Sears and Kmart were among those reporting the strongest monthly increases on Thursday. However, industry analysts said Kmart's 11.
BUSINESS
February 5, 1993 | From Associated Press
America's shopping spree didn't end with the holidays: The nation's largest retailers reported surprisingly strong January sales, providing more evidence of an increasingly robust economy. "In most cases, the sales were at or better than (the retailers') plan, which indicates that the consumer continues to spend quite freely," said Daniel Barry, a retail industry analyst with Merrill Lynch & Co.
NEWS
November 28, 1994 | DONNA K. H. WALTERS, TIMES STAFF WRITER
Californians pulled credit cards, checks and even some cold cash out of their wallets this past weekend, leading the country in the rousing start of the 1994 holiday shopping season. Shoppers around the state who used checks to pay for their purchases spent nearly 10% more Friday than they did a year ago. It was the largest increase of any state in the nation and is strong evidence that California is headed for a second straight season of higher sales.
NEWS
March 10, 1998 | DAVID G. SAVAGE, TIMES STAFF WRITER
Discount retailers won the legal right Monday to sell copyrighted U.S. goods in this country that they have bought for less in overseas markets. Reversing federal court decisions in California, the Supreme Court ruled that copyright owners do not have the "exclusive right" to control such marketing of their products. The decision affects products ranging from recordings and books to sunglasses and shampoo. It upholds a part of the estimated $130 billion a year "gray market" in U.S.
BUSINESS
January 10, 1997 | GEORGE WHITE, TIMES STAFF WRITER
Retail sales growth in California outpaced the nation for the first time in nine years as December business fell short of expectations, according to retailers and industry analysts. Nationwide, December sales increased by 3.5% to 4.5%--a full percentage point below the most modest predictions--as consumers showed restraint in the face of heavy credit card debt. Sears and Kmart were among those reporting the strongest monthly increases on Thursday. However, industry analysts said Kmart's 11.
BUSINESS
October 6, 1995 | From Associated Press
The nation's retailers turned in mixed and largely disappointing sales results during September as choosy consumers first put off shopping and then shunned many discount and specialty merchants. Sales were "generally terrible, as expected," said Terrence McEvoy, a retail industry analyst with Janney Montgomery Scott Inc. He spoke after the big store owners announced their results Thursday. Investors were clearly displeased, and punished the stocks of poorer performers, including J.C. Penney Co.
NEWS
November 28, 1994 | DONNA K. H. WALTERS, TIMES STAFF WRITER
Californians pulled credit cards, checks and even some cold cash out of their wallets this past weekend, leading the country in the rousing start of the 1994 holiday shopping season. Shoppers around the state who used checks to pay for their purchases spent nearly 10% more Friday than they did a year ago. It was the largest increase of any state in the nation and is strong evidence that California is headed for a second straight season of higher sales.
BUSINESS
March 5, 1993 | GEORGE WHITE, TIMES STAFF WRITER
Cold weather in much of the nation chilled the buying habits of many consumers last month, leaving retailers with lower than expected sales during February--the first full month of business since the inauguration of President Clinton. Retail sales nationwide rose 6% for the month compared to February, 1992, said Steven Marotta of New York-based Johnson Redbook Service, which analyzes retailing. The retail industry had expected an overall increase of 7% to 8%, Marotta said.
BUSINESS
February 5, 1993 | From Associated Press
America's shopping spree didn't end with the holidays: The nation's largest retailers reported surprisingly strong January sales, providing more evidence of an increasingly robust economy. "In most cases, the sales were at or better than (the retailers') plan, which indicates that the consumer continues to spend quite freely," said Daniel Barry, a retail industry analyst with Merrill Lynch & Co.
BUSINESS
January 8, 1993 | GEORGE WHITE, TIMES STAFF WRITER
A surge in December sales provided the nation's retailers with their best Christmas season in four years, according to reports Thursday that show a strong year-end performance for department stores, discounters and specialty apparel shops. But there was no Christmas cheer for Southern California retailers: Analysts' estimates ranged from a 3% sales drop compared to December, 1991, to a weak 3% gain over the year-ago period.
BUSINESS
October 6, 1995 | From Associated Press
The nation's retailers turned in mixed and largely disappointing sales results during September as choosy consumers first put off shopping and then shunned many discount and specialty merchants. Sales were "generally terrible, as expected," said Terrence McEvoy, a retail industry analyst with Janney Montgomery Scott Inc. He spoke after the big store owners announced their results Thursday. Investors were clearly displeased, and punished the stocks of poorer performers, including J.C. Penney Co.
BUSINESS
December 12, 1992 | From Times Wire Services
The economy showed increased signs of growth--as November retail sales rose for a fifth consecutive month, inflation remained subdued and the number of delinquent consumer loans fell to their lowest level since before the recession started--heralding what economists predict will be the best holiday shopping season in four years. "There's a distinct possibility that December sales could be a bonanza," said economist Campbell Harvey, a professor at Duke University.
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