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Fri, 10/07/2011 - 17:56 by Neka Sehgal
Despite fears that the U.S. economy could relapse into recession, consumers responded positively to the discounts offered and shopped heavily in September, lifting the spirits of the nation’s retailers.
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Tue, 11/23/2010 - 23:28 by Prince damin
Ottawa -- Retail sales in Canada rose for the fourth consecutive month in September, climbing 0.6 percent, the government said Tuesday.
Statistics Canada said total sales made headway in eight of 11 subsectors, rising to a total of $36.4 billion in the month.
Motor vehicle sales, including auto parts, posted the largest increase in terms of dollar amount, gaining 1.2 percent. New car sales rose 1.5 percent in the month.
Measured by percentages, sales of sporting goods, books, and sales at hobby and music stores rose the highest, up 2.3 percent.
Clothing store sales, including accessories, rose 1 percent. Shoe store sales rose 3.2 percent. Jewelry, luggage and leather goods store sales fell 1 percent.
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Fri, 10/22/2010 - 07:14 by Prince damin
London -- Retail sales fell for the second consecutive month in Britain, falling 0.2 percent in September following a 0.7 percent drop in August, the government said.
Sales at clothing and shoe stores dropped 0.8 percent, while Internet and catalog sales dropped 0.5 percent. Grocery store sales rose slightly, up 0.1 percent, The Guardian reported Thursday.
"The second successive fall in retail sales in September is surprising and particularly worrying given the importance of consumer spending to the economy," said economist Howard Archer at IHS Global Insight.
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Wed, 10/06/2010 - 10:41 by Rakhi
Washington -- U.S. holiday retail sales are expected to post a modest gain of 2.3 percent over last year's figures, a leading retailers' trade group said Wednesday.
The National Retail Federation, based in Washington, said total holiday retail sales are expected to amount to $447 billion following "a ho-hum 2009 and a disastrous 2008." That would be slightly lower than the 10-year average holiday sales increase of 2.5 percent, but it would be substantially larger than the 0.4 percent increase of 2009 and the 3.9 percent decrease in 2008, the group said in a release posted on its Web site.
NRF President and Chief Executive Officer Matthew Shay said retailers were "hoping the holidays bring sustainable economic growth."
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Tue, 09/14/2010 - 22:03 by Prince damin
Washington -- U.S. retail sales rose 0.4 percent in August compared to July, slightly ahead of expectations, the Commerce Department said Tuesday.
Compared to August 2009, sales rose 3.6 percent to $363.7 billion, the department said. On a month-to-month basis retail sales were expected to rise 0.3 percent.
Excluding the volatile category of automobiles, sales rose 0.6 percent compared to a month ago, Commerce said. Automobile sales fell 0.7 percent in August.
Furniture sales were also down, off 0.5 percent, while sales of electronics and appliances dropped 1.1 percent compared to July.
The only other category in which there was a drop was miscellaneous, down 0.9 percent.
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Tue, 09/14/2010 - 22:01 by Prince damin
New York -- U.S. markets tipped lower Tuesday morning although Commerce Department figures show retail sales grew faster than expected in August.
Total sales receipts reached $363.7 billion in the month, up 0.4 percent from July and 3.6 percent above August 2009. Economists had predicted a 0.3 percent month-to-month improvement.
In midmorning trading, the Dow Jones industrial average lost 27.48 points or 0.26 percent to 10,516.65. The Standard & Poor's 500 index lost 4.17 or 0.37 percent to 1,117.73. The Nasdaq composite index lost 6.86 or 0.3 percent to 2,278.85.
The benchmark 10-year Treasury note rose 16/32 to yield 2.69 percent.
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Tue, 08/24/2010 - 21:59 by Prince damin
Ottawa -- Retail sales rose marginally in Canada in June, climbing 0.1 percent to $35.9 billion, Statistics Canada reported Tuesday.
Sales declined in six Canadian provinces, but sales overall were propped up by increases in sales of automobiles, electronics and appliances and furniture.
Automobile dealerships reported new car sales rose 2 percent, while used car sales rose 4.5 percent and sales of car parts climbed 1.8 percent.
As automobile sales rose, the largest sales decline for June was reported by gasoline stations, where sales dropped 2.7 percent largely due to lower gasoline prices.
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Sat, 08/14/2010 - 02:36 by Prince damin
New York -- Positive retail sales numbers and economic growth in Europe lent some support to U.S. markets Friday although major trading boards closed lower.
Economists predicted second quarter growth as low as zero percent for the 27-member European Union and the 16-member eurozone. Eurostat said Friday the economies of both regions expanded 1 percent in April through June.
The U.S. Commerce Department said Friday that retail sales tacked higher in July compared to June, rising 0.4 percent to $362.7 billion.
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Sat, 08/14/2010 - 00:51 by Prince damin
New York -- Positive retail sales numbers and economic growth in Europe lent some support to U.S. markets Friday although the Nasdaq index continued to slump.
Economists predicted second quarter growth as low as zero percent for the 27-member European Union and the 16-member eurozone. Eurostat said Friday the economies of both regions expanded 1 percent in April through June.
The U.S. Commerce Department said Friday that retail sales tacked higher in July compared to June, rising 0.4 percent to $362.7 billion.
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Fri, 08/13/2010 - 22:37 by Prince damin
Washington -- Retail sales tacked higher in July compared to June, up 0.4 percent to $362.7 billion, the U.S. Commerce Department said Friday.
Sales were up 5.5 percent from a year ago and second quarter sales were up 5.9 percent from May through July of 2009, the department said.
In June, sales dropped 0.5 percent compared to May.
For a seven-month stretch, from January through July, sales have risen 6.4 percent overall, and 5.7 percent excluding automobile sales.
Over the same seven months, sales rose 21.1 percent at gasoline stations, where fluctuations in gasoline prices are a volatile influence.
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Tue, 07/20/2010 - 22:05 by Inderjit Singh
Washington -- U.S. retail sales climbed in the week ending last Saturday, surging compared to the same week a year ago, the International Council of Shopping Centers said.
Sales rose 1.4 percent compared to the previous week, but 4.2 percent compared to 12 months ago, the strongest year-over-year weekly increase since May 8, when it rose 4.3 percent.
"Sales strength was helped by hot weather, which in turn spurred demand for summer-clearance merchandise," the trade group said.
Weather Trends International reported temperatures averaged 3.6 degrees Fahrenheit above the same week a year ago and 2.9 degrees above the long-term average for the week.
Sales of summer merchandise have enjoyed a prolonged hot spell to boost sales.
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Sat, 07/17/2010 - 02:36 by Pankaj Damin
Ottawa -- Canada's economy gained strength in June, maintaining its advances from April and May, Statistics Canada said Friday.
The agency's composite index indicated all components showed gains except housing and retail sales of durable goods, the agency said.
The composite was 242.5 in June, up from 240.1 in May.
Manufacturing was a strong segment, with new orders for durable goods rising 2.3 percent, the fifth straight gain, StatsCan said.
Copyright 2010 United Press International, Inc. (UPI).
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