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News Articles: retail sales

New research tackles the central question about "buy now, pay later": Does it encourage people to overspend?

Tagged as: 

  • Business

In a year marked by inflation, 'buy now, pay later' is the hottest holiday trend

People are paying for blenders, shirts and even groceries in installments. New research suggests this encourages people to overspend.

December 15, 2022
|
By:
  • Alina Selyukh
Retail spending dipped in November compared to October, as holiday sales bit into inflation.

Tagged as: 

  • Business

Retail spending dips as holiday sales bite into inflation

Retail sales declined 0.6% in November compared to October, the biggest decline in almost a year. For once, declining prices seem to be part of the story.

December 15, 2022
|
By:
  • Alina Selyukh
People walk by a hiring sign in a store window in New York on Nov. 17.

Tagged as: 

  • Business

How understaffed are stores? Smaller retailers feel the holiday-shopping strain

Large retailers have spent billions of dollars to woo workers. Smaller stores that can't do that expect staff shortages will lead to lost sales. They're asking shoppers to be patient.

November 27, 2021
|
By:
  • Alina Selyukh
A sign promote sales at a clothing store in a Colorado mall.

Tagged as: 

  • Business

Yes, we are shopping way more than ever

Even the Grinch can't stop shoppers in what's predicted to be a record holiday season.

November 26, 2021
|
By:
  • Alina Selyukh
People shop at a Macy's in New York this month.

Tagged as: 

  • Business

More Retail Workers Are Quitting Than Ever, But More Stores Are Opening Than Expected

The U.S. retail industry is setting records: workers quitting and workers hired. Wages are finally growing. And despite the pandemic devastation, brand-new stores are still opening.

August 26, 2021
|
By:
  • Alina Selyukh
A bartender mixes a drink inside a bar last week in San Francisco. The latest retail sales data out on Friday showed an increase in sales at restaurants and bars as more people venture out amid the continued reopening of the U.S. economy.

Tagged as: 

  • Business

Americans Dialed Back On Retail Therapy — And Spent More Eating Their Feelings

Retail sales were flat in April from a month earlier as Americans spent less on things such as clothes or sporting goods but increased their spending at bars and restaurants.

May 14, 2021
|
By:
  • David Gura
Diners eat lunch at Max's Oyster Bar in West Hartford, Conn., on March 19. Retail sales surged last month as $1,400 relief payments and easing coronavirus restrictions led shoppers to open their wallets.

Tagged as: 

  • Economy

Signs Of Economic Boom Emerge As Retail Sales Surge, Jobless Claims Hit Pandemic Low

Retail sales jumped nearly 10% in March, as shoppers, flush with $1,400 relief payments, are feeling more confident about venturing out. Weekly unemployment claims dropped to a pandemic low.

April 15, 2021
|
By:
  • Scott Horsley
A shopper walks past a mostly bare shelf as people stock up on necessities at the H-E-B grocery store in Austin, Texas, on Feb. 18. A devastating winter storm that hit the middle of the country last month helped send retail sales tumbling.

Tagged as: 

  • Economy

'This Was Bad': Retail Sales Suffer Big Chill In February Amid Stormy Weather

Retail sales dropped sharply last month after a winter storm blanketed much of the country's midsection, but forecasters expect a sharp rebound in sales.

March 16, 2021
|
By:
  • Scott Horsley
People walk in front of stores in New York's Herald Square. Retail sales soared 5.3% last month compared to December as U.S. families began receiving new federal coronavirus relief checks.

Tagged as: 

  • Business

Shoppers Splurged In January As New Stimulus Checks Arrived

Retail sales soared 5.3% last month compared to December, much more than anticipated, as U.S. families began receiving new federal coronavirus relief checks.

February 17, 2021
|
By:
  • Alina Selyukh
Shoppers walk past a "Sale" sign outside a store at the Easton Town Center Mall in Columbus, Ohio, on Jan. 7.

Tagged as: 

  • Business

Retail Spending Dips For 3rd Straight Month As Infections Surge

Restaurants and bars are reeling from spikes of coronavirus cases in their communities. Earlier holiday sales meant online shopping and electronics sales dipped in December. Retail sales fell 0.7%.

January 15, 2021
|
By:
  • Alina Selyukh
Shoppers walk through Macy's in New York on Black Friday last month. Retail sales declined 1.1% in November, according to the Commerce Department.

Tagged as: 

  • Business

U.S. Retail Spending Declined The Most Since Historic Plunge In April

Retail sales dipped 1.1% in November compared with a month earlier as new coronavirus surges restricted outings to stores and especially restaurants.

December 16, 2020
|
By:
  • Alina Selyukh
People wait in line outside for their turn to enter the JD Sports store in New York City on Nov. 5.

Tagged as: 

  • Business

Shoppers Snap Up Electronics, Aren't Splurging Elsewhere

Shoppers kept buying electronics and home improvement supplies, but sales overall rose only 0.3% in October.

November 17, 2020
|
By:
  • Alina Selyukh
Shoppers stroll through the newly reopened Westfield Santa Anita mall in Arcadia, Calif., on Oct. 7.

Tagged as: 

  • Business

Shoppers Came Back To Department Stores In September, Lifting Retail Sales

U.S. retail spending grew 1.9% last month, delivering a slight boost of confidence amid a recent spate of signs that the economic recovery has lost momentum from the pandemic's toll.

October 16, 2020
|
By:
  • Alina Selyukh
People walk through the newly reopened mall at Hudson Yards in New York. U.S. shoppers spent more prudently in August and retail sales grew a tepid 0.6% from July.

Tagged as: 

  • Business

People Are Spending More On Furniture, Clothes, Restaurants And Bars

But U.S. shoppers spent more prudently in August and retail sales grew a tepid 0.6% from July, after extra federal jobless benefits expired and families faced a confusing back-to-school season.

September 16, 2020
|
By:
  • Alina Selyukh
A pedestrian walks by Saks Fifth Avenue as New York City continues relaxing more restrictions imposed to curb the coronavirus pandemic.

Tagged as: 

  • Business

Midsummer Shopping In Recovery Mode: July Retail Sales Rise 1.2%

People particularly stocked up on electronics and appliances, took more trips with stops at gas stations, and cautiously went out to eat as more stores and restaurants reopened.

August 14, 2020
|
By:
  • Alina Selyukh
  • Load More

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