Retailers get back-to-school boost in August
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Major retailers, led by discounters Wal-Mart Stores and Target Corp, turned in better-than-expected August sales on Thursday, as consumers went back-to-school shopping despite higher gas prices and the nation's housing meltdown.
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U.S. stocks got a mild boost on Friday  as government data showed better-than-expected demand in August  for durable goods other than transportation equipment.
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The sale of new single-family homes across the country rose by 9.4 percent in August, ending a two-month dip, the US Commerce Department reported yesterday.
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For the first time since March, sales of new homes rose in August.
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Teen clothing retailer American Eagle  Outfitters Inc.  said on Wednesday its sales at stores  open at least a year rose 11 percent in August, helped by  back-to-school sales, and the company raised its quarterly  earnings forecast.
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Retail sales posted a modest gain in August, helped by the biggest jump in auto sales in more than a year. But there are concerns that spending could falter as the steep slump in housing and financial market turbulence weigh on consumer confidence.
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Consumers increased their spending in July by the largest amount in six months and the back-to-school shopping season got off to a strong start in August, boosting hopes that the economy will not stumble into a recession this year.
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Retail sales rose by 0.3 percent in August compared with the previous month despite the biggest drop in food sales for more than three years, official data has shown.
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NEW YORK -- With a weak back-to-school season behind them, the nation's retailers are focused on the holidays and what steps they need to take to get consumers excited about shopping again. That could mean some quick merchandise changes and more aggressive discounting than they originally planned.
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Teen clothing retailer American  Eagle Outfitters Inc.  said on Wednesday its sales at  stores open at least a year rose 9 percent in August, helped by  back-to-school sales, and reiterated its third-quarter earnings  outlook.
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According to official data from National Statistics, retail sales rose 0.6 pct in August from July for a 6.5 pct annual increase. The figures were well above expectations of a 0.2 pct decline and a 5.8 pct gain respectively.
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Chain store sales rose last week  boosted by sales of fall apparel and back-to-school items, a  report showed on Tuesday.
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Retail sales rose 0.2 percent in August after a surge of 1.4 percent in July, while another report showed that weekly first-time claims for jobless benefits declined.
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Chain store sales rose more than  expected last week mainly due to back-to-school shopping, in a  sign that consumers continue to spend despite a weaker economy,  two reports showed on Tuesday.
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US retail sales excluding autos rose for a fourth month in August, suggesting stronger consumer spending that will help the economy accelerate this quarter.
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US retailers have seen sales pick up faster than expected, making the biggest improvement since July.
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Back-to-school shopping used to be pretty low-tech. You'd get pencils, a notebook with blue-lined paper, some clothes, and maybe a new backpack.