Retail sales slump but consumer mood perks up
WASHINGTON (Reuters) – Sales at U.S. retailers unexpectedly fell in May for the first time in eight months, but a jump in consumer sentiment to a near 2-1/2 year high in early June tempered fears of a slowing economic recovery.
Small BusinessTh…
Better inventory management helps American Retailers weather February snow
U.S. retailers posted their best monthly sales performance since just before the recession started in 2007, as lean inventories meant they did not need to resort to steep discounts. The February results are the latest indication that consumers are coming out of hibernation, although many of the largest retailers do not report monthly sales data.
Three-quarters [...]
Improvement in retail sales despite wary consumers
For retailers that sell everything from toilet paper to refrigerators, 2010 may be more about winning sales from competitors than about getting consumers to buy a lot more of their merchandise. Discounters like Target Corp and Sears Holdings Corp’s Kmart stores posted improved sales performances on Tuesday, while home improvement retailer Home Depot Inc and [...]
Target Q4 profits top expectations, Like for Like sales up 0.6%
Target Corp posted a quarterly profit slightly above Wall Street expectations, but investors had hoped for a bigger improvement and shares fell 1 percent. The No. 2 U.S. discount retailer said sales in the holiday quarter were better than expected, and it expects traffic and sales of discretionary merchandise to improve in 2010. “In this [...]
