Skip to main content
Holiday Sale — Get 40% off Vantage for yourself or as a gift
Published loading...Updated

Retail 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.
Insights by Ground AI

41 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 48% of the sources are Center
48% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Zero Hedge broke the news in United States on Friday, February 14, 2025.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal