US EditionRetail sales slumped 0.9% in January, down much more than expected
- Retail sales fell by 0.9% in January, marking the biggest decline in a year, according to the Commerce Department.
- The decline is attributed to cold weather and disruptions from devastating fires in Los Angeles, which impacted consumer spending.
- David French from the National Retail Federation warned that higher import tariffs could raise prices for consumers and disrupt supply chains.
- Retail chains like Joann are closing underperforming stores amid rising costs and consumer confidence issues, with Joann filing for Chapter 11 bankruptcy protection again.
41 Articles
41 Articles
Do you buy the retail sales number? - Marketplace
Retail sales were down in January, but the Census Bureau report — with its mish-mosh of data — can obscure nuances in consumer spending. In this episode, we talk to economists and other experts about how they cut through the noise. Plus: An American city and Canadian city with interlaced economies brace for tariffs, Americans love their meat sticks and the women behind a wine shop-restaurant-bookstore tell us about their business.
From the Voice of America in Washington, the Economic Note.
Chill in Retail: Economic Growth Slows as U.S. Sales Experience Sharp Drop
Chill in Retail: Economic Growth Slows as U.S. Sales Experience Sharp Drop U.S. retail sales took a significant hit in January, plummeting by the most in nearly two years, according to data from the Commerce Department. The decline, attributed to severe weather and a natural slowdown following strong advances in the preceding months, suggests that the economic growth has sharply slowed.The broad-based downturn in retail sales has economists spec…
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Bias Distribution
- 54% of the sources are Center
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