US retail sales show consumer caution
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US retail sales rose a weaker-than-expected 0.3 percent in August, data showed Friday, suggest American consumers are turning more cautious.
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BEIJING, Dec. 14 -- Sales at US retailers may have fallen in November as consumers took a break after spending at the fastest pace in almost three years, economists said in advance of yesterday&#39;s Commerce Department report.
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Shoppers were spending money up until the last minute, but holiday sales were nevertheless a disappointment. So says MasterCard Advisors' SpendingPulse, a report that tracks retail sales nationally.
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There are signs that consumers are beginning to be more cautious as a result of the turmoil in the credit markets.
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Americans shopped hesitantly in May, giving retailers some relief from a dismal showing in April but still raising questions about how strong consumer spending will be in the months ahead.
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Retail sales and industrial output slow in the US, as the economy feels the strain from housing and credit pressures.
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Investors may have overreacted to the retailer's upbeat December same-store sales.
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U.S. retail sales posted a  larger-than-expected decline in August, a Commerce Department  report on Tuesday showed, but the drop was mostly confined to  the automotive sector.
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US stores post mixed results for the holiday season, with luxury retailers faring well and others forced to slash prices.
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US retail sales rose by more than expected in September, easing worries that growth in the world's top economy is in danger of slowing down.
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Apparel retailers may be  facing a doom-and-gloom sales environment in the near future,  but many are anxious to prove to a skeptical marketplace they  have got what it takes to be recession-proof.
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Shoppers are wary about High Street spending despite August's better weather, the latest retail sales figures show.
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Consumers undeterred by escalating credit problems and a weakening housing market went on a back-to-school buying spree last month, helping many retailers rebound from July's disappointing sales. But analysts are still worried that economic concerns might curtail shopping in the critical months ahead.
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Shoppers are wary about High Street spending despite August's better weather, the latest sales figures show.
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From discounters to upmarket department stores, many US retailers have reported lacklustre sales for September. Although the hurricanes which battered much of the east coast of the US during the month were
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Lower car sales in August resulted in a 0.3 per cent dip in overall retail sales in the United States during the month following a rise of 0.8 percent in July, the US Commerce Department reported on Tuesday.
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US retail sales and industrial output slow as the economy is hit by the housing slump and credit squeeze.