October 11, 2013 |
Retail sales during the prime back-to-school shopping month of September grew but were still muffled by heavy head winds that could affect holiday spending. The gauge of same-store sales, which calculates sales at stores open for more than a year, rose "a modest" 4% compared with September 2012, according to Retail Metrics Inc. But Ken Perkins, president of the research firm, had projected a 4.1% upswing. Without the strong performance of drugstores - Walgreens' sales soared 7.4% last month - the retail sales measure increased 2.8%.
August 13, 2013 |
Retail sales rose a smidgen in July, growing 0.2% amid back-to-school shopping even as auto dealers and home goods merchants lagged. The slight month-to-month uptick represents the fourth straight gain, according to the Commerce Department. Wall Street had expected a 0.3% increase. Sales had advanced 0.6% in June, an upward revision. Compared with July 2012, the gauge last month is up 5.4%, according to the government. But the National Retail Federation called the report a “mixed bag for retailers,” saying that the economy appears to be stuck in a rut. “Fiscal and monetary policy uncertainties combined with stagnant economic and employment conditions continue to breed a volatile market with extreme swings in consumer spending,” Matthew Shay, the trade group's chief executive, said in a statement.
July 15, 2013 |
Retail sales were mixed in June, buoyed by strong auto and furniture sales but tamped down by high unemployment and taxes, analysts said. The overall gauge of sales rose 0.4% from May following a revised 0.5% increase the previous month, according to the Commerce Department. The measure increased 5.7% compared with June 2012. But Wall Street had expected a 0.8% boost, according to Credit Suisse. And a calculation of so-called core sales, which strip out the effects of auto and gas purchases, slipped 0.1% in its first decline in a year.
July 11, 2013 |
A welcome trinity of factors -- perkier job prospects, summer temperatures and more affordable prices -- helped retail sales in June beat expectations. Same-store sales at shops open at least a year -- a measure that strips out the volatility of openings and closings -- rose 4.1% last month from the same period a year earlier, according to Retail Metrics Inc. The surge is the largest since sales swelled 5.1% in January. Retailers had struggled through the spring as they dealt with storms and chilly temperatures and “an economic soft patch,” said the group's president, Ken Perkins.
June 13, 2013 |
Retail sales improved in May as thawing temperatures and more cheerful shoppers caused a boost at car dealerships and home improvement stores, according to government figures. Last month, the gauge rose 0.6% from April to $421.1 billion in sales -- a 4.3% increase from the same period a year earlier, the Commerce Department said. Wall Street had expected a 0.4% month-to-month swell. In April, sales had increased 0.1% from March and 3.7% from the prior year. The data, which the government adjusted for seasonal and holiday variations, showed a 1.8% month-to-month surge in auto sales.
June 7, 2013 |
Consumers emerged in May to give retailers their best month since January, lured by warmer weather and the confidence lift from the surging stock market and rising housing prices. Same-store sales increased 4.8% from a year earlier, beating expectations for a 3.7% boost, according to Thomson Reuters. The gauge outperformed April's 2.2% upswing as well as the 0.5% increase in May 2012. Stripping out the effects of drugstores, last month's measure was up 5.6%. The data include revenue only from locations that have been open at least a year.