Apparel store sales were the worst on record in April when Signet Jewelers, a billion-dollar jewelry chain, and ANTHOM, a modest boutique in New York […]
Author: Dalvin Brown
Worst jobs report in history: Furloughed workers are key to a rebound
U.S. employers shed 20.5 million jobs in April, the worst monthly loss in history, underscoring how intensely the coronavirus crisis disemboweled the U.S. economy and […]
Five Things to Watch in the March Retail Sales Report
The Commerce Department releases its headline retail sales report on Wednesday. Economists expect the data from March to show significant drops across most categories as […]
Retail sales were cratering: Coronavirus made things worse
Consumer spending at brick and mortar retailers was on shaky ground well before the coronavirus pandemic forced stores in the U.S. to shutter doors and […]
Consumers are spending more, just not on clothes
U.S. consumer spending rose modestly in January, lifted by an increase in purchases of autos, while underlying sales remain worrisome. Overall retail sales increased 0.3% […]