FORT_1170x120_9-15-20

retail sales

Child tax credit, in-store shoppers drive July sales gain

PURCHASE, N.Y. — Retail sales in the U.S. grew for the 11th consecutive month in July, according to Mastercard SpendingPulse, a survey that measures in-store and online retail sales across all forms of payment. Sales for the month increased 10.9% compared to July 2020. That figure, which excludes automotive sales and gasoline, is nearly quadruple

CVS’ Q2 sales and earnings beat forecasts

CVS’ Q2 sales and earnings beat forecasts

WOONSOCKET, R.I. — CVS Health posted second-quarter sales and earnings that easily topped analysts’ projections. Strong retail sales helped lift the company’s adjusted profit to $2.42 a share, well ahead of Wall Street’s prediction of $2.07 a share. Revenue climbed 11.1% to $72.62 billion, beating the forecast of $70.24 billion. The company boosted its fiscal

May retail sales down from April, up vs. last year

May retail sales down from April, up vs. last year

WASHINGTON – Retail sales in May were down compared to April but up strongly year-over-year, the National Retail Federation said Tuesday. “While May retail sales were down slightly, largely due to supply chain constraints, the more accurate indicator remains in the year-over-year data which, as the NRF calculates, showed growth of over 17%,” NRF president

NRF: Retail sales rebounded in March

NRF: Retail sales rebounded in March

WASHINGTON – Retail sales rebounded with huge gains in March as government checks fattened consumers’ bank accounts and more vaccination against COVID-19 made it easier for shoppers to get out of the house and lead the acceleration of the U.S. economy, the National Retail Federation said Thursday. “The dramatic increase of 17.7% in March retail

Retail sales posted double-digit gains in March

Retail sales posted double-digit gains in March

PURCHASE, N.Y. — U.S. retail sales grew by double-digits in March as the nation marked the one-year anniversary of the first lockdowns imposed in response to the COVID-19 pandemic. According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. retail sales excluding automotive and gasoline increased 26.3% year-over-year

Retail sales grew 3% this holiday season

Retail sales grew 3% this holiday season

PURCHASE, N.Y. — Retail sales grew 3% this holiday season, according to preliminary data from Mastercard SpendingPulse, which attributes the size of the increase to an expanded holiday season and strong online sales. Year-over-year sales growth was up 2.4% for the traditional holiday shopping period of November 1 through December 24, according to the study,

Retail sales slow in November

Retail sales slow in November

WASHINGTON – Retail sales slipped in November compared to the month before, as the surging pandemic suppressed store traffic. But sales were still up compared to last November, and the National Retail Federation still expects a happy holiday season for retailers. “Consumers held back on spending in November as virus rates spiked, states imposed retail restrictions and

Retail sales grow in October

Retail sales grow in October

WASHINGTON – Retail sales grew for the sixth month in a row in October, the National Retail Federation said Tuesday. Besides increasing compared to September, October sales were also up compared to October of last year. “We are encouraged by another positive retail sales number for October — the sixth consecutive positive monthly gain —

Retail sales surge 1.9% in September

Retail sales surge 1.9% in September

WASHINGTON – Consumer spending in September accelerated at a faster pace than expected, with a strong rebound in apparel leading “a continuing V-shaped recovery” from the coronavirus pandemic, according to the National Retail Federation. The 1.9% increase in retail sales was more than twice the gain economists were expecting and represents the fourth consecutive monthly

Retail recovery continues in August

Retail recovery continues in August

WASHINGTON – Retail sales gains in August point to continued recovery from the coronavirus, the National Retail Federation said on Wednesday. “While August retail sales numbers were a bit mixed, we believe the consumer is resilient and is in good shape as we head into the holiday season,” NRF president and CEO Matthew Shay said

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