June Retail Sales Unexpectedly Drop 0.9 Percent
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Sales at U.S. 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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Two days ago, stocks raced to record highs  on reports of strong June retail sales. Yesterday, the news cycle did an about-face as June retail sales were described as "crashing" and "plunging" in a record drop.
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Children&#39;s Place Retail Stores Inc.   on Monday said weak sales at its Children&#39;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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US wholesale prices rise slower in June as a result of falling food and energy prices, official figures show.
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The nation's retailers had a slow start to the spring season as unseasonably cold weather in February chilled demand for lightweight apparel and left merchants with disappointing sales. The slowing economy, particularly the weakening housing market, could challenge shoppers in the months ahead.
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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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U.S. retail sales excluding cars  increased 0.2 percent in June, as falling gasoline prices  curbed overall sales growth, according to data from  SpendingPulse released on Thursday.
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The nation's retailers, once hopeful for a strong spring selling season, are being forced to ratchet down their expectations after sales stalled amid the chill of February.
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Retail chains reported sales gains in May as warmer weather helped them rebound from a dismal April, but the results were weaker than a year ago, signaling to some that rising gas prices and a slowing housing market are taking their toll.
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U.S. consumer sentiment improved  unexpectedly in early June, but inflation expectations have  fallen since May, a report showed on Friday.
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TOKYO, Tuesday, Nov. 28 (Bloomberg News) Â JapanÂs retail sales unexpectedly fell for a second month, undermining the central bankÂs case that consumer spending will accelerate and help justify raising its interest rates, which are the lowest among major economies.
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Sales at U.S. retail stores  unexpectedly shrank 0.1 percent in June, the first decline  since February, pulled down by weaker sales of cars and  building material, government data showed on Friday.
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Retail sales fell 0.4% in July - the first monthly decline in over a year - but the underlying trend remains strong, official figures showed today.
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Retail sales were weaker than expected in August; confidence wanes.
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Children's Place Retail Stores Inc.  said on Monday that June same-store sales fell 4 percent, forcing the company to forecast a wider net loss for the current quarter than analysts had expected.
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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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Business & money: December sales fall 0.4% despite discounting, as housing demand also points to deepening slump