May Retail Sales Post Drop as Auto Purchases Plunge
U.S. retail sales fell in May for the first time in five months, restrained by a plunge in vehicle purchases and other big-ticket items, suggesting moderating demand for goods amid decades-high inflation.
Home Depot Overcomes Slow Start to Year, Rising Home Prices
Home Depot’s first-quarter sales improved despite a slow spring start, and the home improvement chain raised its full-year guidance.
Are You Overpaying for Fuel?
Fuel prices are high, but your company has worked hard to implement the right fuel program; you’ve negotiated discounts with retail chains and set up bulk and mobile fueling deals… right?
May 1, 2022January Retail Sales Surged 3.8% as Threat of Omicron Faded
NEW YORK — Americans picked up the pace of spending in January as the threat of omicron faded and there was some easing of supply shortages.
Home Depot Names Executive Ted Decker as New CEO
The Home Depot on Jan. 27 named veteran executive Edward "Ted" Decker as its new CEO.
Rebound in US Retail Sales Slowed in July Amid Virus Surge
The rebound in U.S. retail sales slowed in July by more than expected, indicating a surge in coronavirus cases and still-high unemployment cooled the economic recovery.
Mall Operator Weighs Empty Spaces as Amazon Centers
Mall operator Simon Property Group Inc. has been in talks with Amazon .com Inc. to turn some empty store space formerly occupied by anchor tenants such as J.C. Penney Co. Inc. and Sears Holdings Corp. into Amazon fulfillment centers, Dow Jones reported, citing people familiar with the matter.
Americans Are Avoiding Stores Again in New Virus Hot Spots
While evidence of a virus-sparked consumer pullback is largely anecdotal for now, it would be a setback for a U.S. economy that has just started to perk up, with retail sales jumping to a record in May.
Retail Sales Soared a Record 17.7% in May, Double Forecast
U.S. retail sales jumped in May by the most on record and double forecasts, regaining more ground than expected after unprecedented drops the prior two months as states allowed more merchants to reopen.
US Economy Hits Record Lows in April Retail, Factory Data
U.S. retail sales and factory output registered the steepest declines on record in April, illustrating a recession so deep that it likely will take years to fully recover.