Retailers report sales declines for September as shoppers worry about jobs, tight creditOctober 8th, 2009 Retailers report September sales declinesNEW YORK — Early September reports from retailers show weak sales as shoppers cut back on fall clothing purchases amid worries about jobs and tight credit. As stores announce their results, Thursday, teen retailers Wet Seal Inc.
99 Only Stores sees sales comparison grow for second-quarterOctober 8th, 2009 99 Only Stores sales measurement grew for 2QCOMMERCE, Calif. — Discount retailer 99 Only Stores said Thursday that its sales at stores open at least a year grew 2.3 percent in its second quarter.
Businesses slash inventories again in July, but sales post first back-to-back gains in a yearSeptember 15th, 2009 Business inventories fall in July, but sales riseWASHINGTON — Businesses slashed their inventories for the 12th straight month in July, but sales posted a second consecutive gain, providing hope that companies soon will switch from trimming stockpiles to increasing their orders. The Commerce Department said Tuesday that inventories dipped 1 percent in July, slightly more than the 0.9 percent cut that economists expected.
Trade group's measure of US service sector dips in August, activity inching toward growthSeptember 3rd, 2009 US service sector inched closer to growth in Aug.NEW YORK — The U.S. economy's service sector inched closer to growth in August, but still shrank for the 11th straight month in the face of weak consumer spending.
Retailers' 2nd-quarter profits show strides in profitability but where are the sales?August 18th, 2009 Snapshot of retailers' 2nd-quarter earningsSecond-quarter profits from major retailers underscore how cost-cutting moves helped profitability, and the market saw reason for hope in the four reports Tuesday. But retailers continue to grapple with weak consumer spending.
Retail sales post unexpected 0.1 percent decline in July, raising new worries about consumersAugust 13th, 2009 Retail sales unexpectedly dip 0.1 percent in JulyWASHINGTON — Retail sales outside of autos turned in a disappointing performance in July, underscoring concerns about the timing and durability of a recovery from the worst recession since World War II. The Commerce Department said Thursday that retail sales fell 0.1 percent last month.
Wholesale inventories fall for record 10th straight month but sales post second straight gainAugust 11th, 2009 Wholesale inventories fall for 10th straight monthWASHINGTON — Businesses slashed inventories at the wholesale level for a record 10th consecutive month in June, a decline that has contributed to the longest recession since World War II. The Commerce Department said Tuesday that wholesale inventories declined 1.7 percent in June, nearly double the 0.9 percent decrease economists had expected.
German retail sales down 1.6 percent on year in June, 2.1 percent in 1st halfAugust 3rd, 2009 German retail sales down 1.6 pct in JuneBERLIN — German retail sales were down 1.6 percent on the year in June and dropped by a steeper 2.1 percent for the whole of the first half as the global crisis maintained its grip on Europe's biggest economy, an official estimate showed Monday. The Federal Statistical Office said that specialist food and drink retailers and department stores saw particularly steep falls in June, with sales declining by 5.6 percent and 7.3 percent respectively.
S&P cuts ratings on Harley-Davidson, says motorcycle sales falling faster than expectedJuly 27th, 2009 S&P downgrades ratings on Harley-DavidsonNEW YORK — Credit ratings agency Standard & Poor's Ratings Services on Monday cut its ratings on Harley-Davidson Inc., citing the decline in sales at the iconic motorcycle maker. S&P cut Harley's corporate credit rating to BBB from BBB+.
Wholesale inventories drop smaller-than-expected 0.8 percent in May as sales see tiny increaseJuly 9th, 2009 May wholesale inventories fall, 9th straight dropWASHINGTON — Wholesale inventories fell for a ninth consecutive month in May, a decline that has contributed to the longest recession since World War II as factories have been forced to slash production amid crimped demand. The Commerce Department said Thursday that inventories dipped 0.8 percent in May, slightly smaller than the 1 percent decline economists had expected.
Ford analyst calls June industry's best month in '09; sales down less than 30 pctJune 29th, 2009 Ford analyst says June best month for sales in '09DEARBORN, Mich. — Ford Motor Co.'s top sales analyst says June was the industry's best month of the year, with sales falling less than 30 percent.
Wholesale inventories drop more than expected in April, marking eighth straight declineJune 9th, 2009 April wholesale inventories fall 1.4 percentWASHINGTON — Wholesalers slashed inventories more than expected in April as businesses struggled to get stockpiles in line with falling sales. Still, analysts were slightly encouraged because sales dipped at a slower pace than in the previous month.
Same-store sales results for May, by sectorJune 4th, 2009 Same-store sales results for May, by sectorHere are May same-store sales results for chain retailers, by sector, expressed as a percentage increase or decrease over the same month last year. — Drug stores
Rite Aid Corp.
Marks & Spencer to axe 1,200 jobsJanuary 6th, 2009 LONDON - British retailers Marks & Spencer (M&S) said Wednesday it is axing up to 1,230 jobs and closing down 27 stores after a fall in Christmas sales. M&S said like-for-like sales - which strip out the impact of new stores - fell 7.1 percent in the 13 weeks to Dec 27.
Retailers urged to cut price to boost demandDecember 31st, 2008 MUMBAI - Retailers should cut prices in the next six months to clear inventories and push sales, an industry representative said here Thursday. 'Retailers may reduce prices in the next few months in an effort to make people buy more.