Robust Retail Sales Spark Street's Rally
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But rising interest rates could deter purchases in months ahead.
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U.S. chain store retail sales rose in  the latest week, as consumers picked up the pace of holiday  shopping, a retail report said on Tuesday.
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The news was good for many retailers over the holiday weekend as enthusiastic consumers took to stores in droves on Black Friday and bought at a higher rate than last year.
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The sales numbers are encouraging as this outdoors retailer expands.
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WASHINGTON (CBS.MW) - US retail sales remained strong despite a second straight month of weak auto sales, according to Commerce Department figures released Monday.
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Cool autumn weather and apparent pent-up demand for clothing drove strong sales in October at Gap, Neiman Marcus and other national retailers, according to company reports issued Thursday.
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Shoppers got their buying groove back last month, propelling sales at the nation&#39;s retailers by a strong 1.5 percent. It was the best showing since March.
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U.S. chain store retail sales rose in  the latest week, a report said on Tuesday.
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Retail sales during the important Thanksgiving weekend showed some strength, with sales measures released Monday reflecting year-over-year growth.
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Sales at retailers posted a much stronger-than-expected 1.2 percent rise in November, government data showed on Thursday, as holiday shoppers coped with high energy costs and the fallout from a housing slump.
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NEW YORK Stocks moved mostly higher Friday as a stronger-than-expected retail sales report showed that record oil prices had not scared consumers away from spending.
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WASHINGTON - Shoppers got their buying groove back last month, propelling sales at the nation's retailers by a strong 1.5 percent, the best showing since March. Activity at the nation's factories remained subdued, however, with industrial production rising just 0.1 percent...
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US retail sales rose modestly as expected last month, but the underlying message from the consumer was strong at the start of the fourth quarter after record oil prices failed to deter shoppers.
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The pound was solid against the euro after British retail sales data showed spending on the high street to be more resilient than expected.
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Investors flocked back into retail stocks Wednesday ahead of the monthly onslaught of sales reports, encouraged by positive consumer spending data from October.
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UK retail sales rose slightly more than expected last month, as higher interest rates fail to bite, official figures show.
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Shops all over the UK reported strong sales on Saturday despite reports of disappointing pre-Christmas sales.