Retail Sales Surge In May - Biggest Jump In 8 Months

IKEA's online sales surged 43% in the 12 months to the end of August, helping to drive overall retail sales at the world's biggest furniture group 6% higher, based on local currencies, brand owner and franchisor Inter IKEA said on Wednesday......»»

Sales at U.S. retailers such as Amazon and Best Buy posted the biggest increase in July in four months, a sign Americans are still confident in the economy even as headwinds pick up. Retail sales increased 0.7% last month......»»

Grocery stores have seen a surge of sales amid the coronavirus-related stay-home orders, but that isn't the case for many other areas of retail, which are facing a fair amount of uncertainty in the months ahead......»»

U.S. retail sales fell by the most in more than a year in February and the coronavirus pandemic is expected to depress sales in the months ahead, which could strengthen economists' expectations of a consumer-led recession by the second quarter......»»

The retail giant posted a 12% profit rise to €2.7 billion in the first nine months of the year and robust sales growth of 7.5%......»»

Japanese retail sales grew the most in 5-1/2 years in September, boosted by consumers accelerating spending to beat a national sales tax hike that kicked in this month, raising some concerns about a subsequent pullback in demand in the coming months......»»

The last few months have seen extremely volatile swings in .....»»

Treasury yields surge Friday after the June jobs report shows the U.S. labor market holding up despite global growth concerns......»»

USA-ECONOMY/HOUSING (UPDATE 1, PIX):UPDATE 1-U.S. existing home sales surge, boosted by Fed's signal on rates.....»»

USA-ECONOMY/HOUSING (UPDATE 1, PIX):UPDATE 1-U.S. existing home sales surge, boosted by Fed's signal on rates.....»»

Sales of new U.S. homes jumped 4% in March, propelled by a surge of buying in the West. For the first three months of 2018, sales are running 10.3% higher than a year ago.  
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After 3 straight months of declines, March retail sales surprised to the upside bouncing 0.6% MoM (+0.4% exp), but ex-autos/gas was a disappointment  (rising 0.3% vs 0.....»»

Following March's surprising surge in Retail Sales - after 3 months of declines - April saw spending growth slow notably to just +0.3% from a revised-higher March 0.8% gain. February's initial decline was also revised t.....»»

The stro.....»»

U.S. retail sales increased more than expected in May as consumers bought motor vehicle and a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter......»»

With inflation 'disappointing', hope for the recovery was left on the shoulders of the American consumer once again and Retail Sales offered some optimism with better-than-expected (and upwardly revised) MoM gains. The valu.....»»

In the lead-up to the ‘halving’ event, Crypto.com CEO Kris Marszalek anticipates a surge in Bitcoin (CRYPTO: BTC) sales. This event, expected to significantly boost Bitcoin’s price over time, is predicted to occur around Apr. 20. read more.....»»

"There appears to be widespread relief that Iran's bombardment of Israel on Saturday was largely rebuffed, apparently relatively easily." Traders work on the fl.....»»

Here Comes A Big Miss In Retail Sales Bank of America's economists have been on a roll in the past three months. Back in February, the bank looked at its credit and debit card spending data and concluded that cons.....»»

Peloton Interactive Inc. sales more than doubled in the first three months of the year, but the company reported a surprising loss for the period Thursday amid difficulties with delivering products during a pandemic surge in demand......»»