Retail Sales Fall 0.3 Percent in August
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Retail sales slid in August as people steered away from buying cars and shoppers kept a close eye on their spending after splurging in July.
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UK retail sales rose by 0.3% in August, official figures show, taking the annual rate of growth to 4.3%.
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Higher gasoline prices, concerns about a softening jobs market and bad weather combined to deal a blow to retailers' back-to-school sales hopes in August, marking a disappointing opening of the fiscal third quarter for most of them.
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Wal-Mart is reducing its forecast for same store sales for the month of August. It is blaming store closures caused by Hurricane Charley last week.
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WASHINGTONâAmerican shoppers turned tight-fisted in August, dropping sales at retailers by 0.3 per cent and providing fresh evidence of an erratic pace of consumer spending in recent months.
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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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In a sign of persistent weakness in the US economy, a widely watched measure of business activity declined in August for the third consecutive month.
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Retail sales dipped in August and the U.S. gap with its international trade partners widened to a record level in the second quarter of the year, two reports showed today.
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INFLATION fell again in August, slipping further below the governmentâs 2 per cent target, driven down by clothing and footwear retailers failing to raise prices after a poor summer.
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U.S. retailers on Thursday reported  weaker-than-expected August sales, generating the smallest  monthly gain in a year and a half as high gasoline prices cut  into back-to-school spending.
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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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The August start of the back-to-school shopping season was a disappointment for major retailers, giving the industry a third straight month of tepid sales. Higher gasoline prices and consumers' ongoing worries about jobs contributed to the poor showing.
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US retailers on Thursday reported weaker-than-expected August sales, generating the smallest monthly gain in a year and a half as high gasoline prices cut into back-to-school spending.
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U.S. stocks opened sharply lower and bond prices jumped after a disappointing August retail sales report.
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WASHINGTON -- Retail sales in August posted the weakest showing in two months as worried consumers curbed their spending habits.
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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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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.