2008 retail sales seen up, slowest rise in 6 years
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U.S. retail sales in 2008 are forecast  to rise at their slowest pace in six years as consumers battle  higher energy costs, fallout from the housing slump and  sluggish employment and income growth, the National Retail  Federation forecast on Monday.
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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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Retail sales unexpectedly rose in August, gaining 0.6 percent after a 0.7 percent gain in July, the Office for National Statistics said.
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British retail sales have risen at a slower pace in November compared with the previous month.
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Retail sales rose a  less-than-expected 0.1 percent in February despite firm  automotive sales as building materials and general merchandise  sales slumped, a Commerce Department report showed on Tuesday.
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Pending home sales dipped in November, a trade group for real estate agents said, but the association expects sales to pick up in the second half of 2008.
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J.C. Penney Co Inc.  said on Thursday its November sales at department stores open at least a year rose a less-than-expected 1.4 percent, but it stood by its earnings forecast for the fourth quarter.
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Retail sales edged up in August but they posted the biggest decline in almost a year when car sales were stripped out as consumer spending softened, a government report on Friday showed.
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Retail sales rose a sluggish 0.1 percent in February amid unusually cold weather, and late mortgage payments and home foreclosures rose at the end of last year, according to reports that raised concerns about the economic outlook.
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America's shoppers still have some buying spirit, pushing sales at the nation's retailers higher in November and raising hopes for the holiday season.
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Holiday sales are expected to rise,  though at a slower rate than last year as consumers fret about  the declining housing market, according to a National Retail  Federation economic forecast on Tuesday.
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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 in the United States increased by a modest 0.1 percent in November following a revised gain of 0.8 percent in October, the Commerce Department reported on Monday.
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Sales of major store chains rose just 1.7 percent in November from a year ago, said a survey sponsored by the International Council of Shopping Centers (ICSC), after a year-earlier gain of 3.7 percent.
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WASHINGTON -- Pending U.S. home sales dipped in November, a trade group for real estate agents said Tuesday, but it expects the sales pace to pick up significantly in the second half of 2008.
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Retail sales rose just 0.1 percent in February and a growing number of Americans fell behind on their mortgages late last year, according to data on Tuesday that raised concerns about the economy.
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Consumer electronics retailer Best Buy Co  said on Friday that sales at stores open at least 14 months rose 1.5 percent in December and affirmed its fiscal 2008 earnings outlook.