Stores post lackluster sales in June
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The nation's consumers, uninspired by this season's fashions and rattled by high gas prices and the weakening home market, shopped gingerly last month, extending the misery of retailers who have struggled with a spending slowdown since February.
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U.S. chain store retail sales fell in  the latest week as unseasonable weather caused sales to slow a  retail report said on Tuesday.
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The nation's consumers, uninspired by this season's fashions and rattled by high gas prices and the weak housing market, shopped gingerly last month, extending the misery of retailers who have struggled with a spending slowdown since February.
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U.S. new home sales in May fell more than expected while consumer confidence in June fell to a 10-month low amid anxiousness about jobs and the business climate, adding to signs of sluggish economic growth this year.
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Retail sales posted their steepest drop in nearly two years in June, according to government data on Friday, indicating the housing market slump and soaring gasoline costs are depressing consumer spending.
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Wal-Mart Stores Inc.  on Thursday reported a higher-than-expected 2.4 percent rise in sales at its U.S. stores open at least a year in June.
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Children's Place Retail Stores Inc.  on Monday said weak sales at its Children's Place and Disney Store chains caused a 4 percent decline in June same-store sales, forcing the retailer to forecast a wider net loss for the current quarter than analysts had expected.
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Consumers were eager to buy iPhones and flat-screen TVs in June, but their reluctance to purchase clothing and other non-essentials has retailers worried about the success of the back-to-school shopping season.
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U.S. chain stores sales rose in the  fourth week of June, with some help from buying of seasonal  goods as the week included the first day of summer, a report  said on Tuesday.
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The nation's retailers had a disappointing start to the holiday season, reporting sluggish sales for November as a much hoped-for surge in Thanksgiving weekend business failed to materialize.
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Sales at retailers surprisingly  dropped 0.9 percent in June, the biggest decline in almost two  years, as car and gasoline sales fell, a government report  showed on Friday.
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WASHINGTON - Shoppers turned a bit tightfisted in August, dropping sales at the nation's retailers by 0.3 percent, providing fresh evidence of an erratic pace of consumer spending in recent months.    The decline in sales reported by the Commerce Department on Tuesday came after shoppers pushed sales up by a solid 0.8 percent in July as consumers' willingness to spend revived after a June lull...
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Sales of new homes fell in June by the largest amount in four months while the inventory of unsold homes climbed to a record high, providing further evidence that the once-booming housing sector is slowing.
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The men's fashion retailer posts unstylish comps in June.
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Sales of existing homes fell for a fourth straight month in June and even a small increase in home prices was not enough to lift the gloom surrounding the housing industry.
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Children's Place Retail Stores Inc.  reported on Monday a 4 percent decline in June same-store sales and forecast a net loss of 94 cents to 98 cents per share for the current quarter.
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Consumer spending was weak for a fourth straight month in June as rising gasoline prices left Americans with little to spend on other items. A key measure of inflation rose at the fastest pace in more than a decade.