Soft auto sales dragged down overall retail sales in February and consumers did not spend enough to pick up the slack. Retail sales decreased by one-tenth of a percent from January, according to Commerce Department figures released Wednesday, to a seasonally adjusted $447.31 billion. January retail sales were also one-tenth […]
Retail sales shrunk in January, ending several months of consumer spending growth fueled by drawing down savings and going into debt. The Commerce department reported Wednesday that overall retail sales declined 0.3 percent. Fewer people bought cars and car parts. The increase in gasoline prices, up 3 percent, sapped consumer […]
Stores going out of business is not unusual. What is unusual is the sheer amount of store closings by major retail chains in the past year. There’s a retail crisis happening in the U.S., and this time around, the economy is not to blame.
The first 100 days: The time-honored test of whether or not a new president has the ability to advance his agenda in Washington ends on April 29 for the Trump Administration. Love him or hate him, Trump has had an effect on personal income as unemployment drops, consumer confidence soars […]
March Retail Sales report from the Commerce Department comes out on Friday. February’s report saw only a 0.1 percent increase in retail sales. The upside of that report was the warm weather leading to more sales while the downside was due to a delay in IRS tax refunds. March could […]
Nick Kramer is your average gamer in his 30s. He’s a senior trainer for Chase Bank. A job that pays him enough to take his fiancé out to a nice dinner along with indulging himself in his geek hobbies such as video games. He buys two to three games a […]
Consumer confidence may be soaring but consumer spending has barely moved since last month. The Bureau of Economic Analysis released its latest report on March 31, which showed a 0.1% increase in consumer spending from last month, a slight disappointment from the 0.2% expected. A historically warm winter decreased service […]
When President Trump took office in January, Simone Wilson was worried about how it might impact her small business. Wilson, who co-owns Spartan Construction and Interior Design just outside of Seattle with her husband James, was afraid her clients might not be as willing to dig into their pockets for […]
The economy still looks great for President Trump as retail sales grow, but only by the slightest of margins. Total retail sales for February increased by 0.1 percent to $474 billion in comparison to the previous month as reported by the Commerce Department on Wednesday. This marks an increase of […]
Trump’s presidency started on a good note with consumers as retail sales increased more than expected for January. A Commerce Department report on Wednesday showed retail sales in January were $472.1 billion, an increase of 0.04 percent over December. That went well above the 0.01 percent increased predicted by economists. […]