August Retail Sales Up 0.3%
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Sales at retailers rose a smaller-than-expected 0.3 percent and they showed the biggest decline in almost a year when car sales were excluded, the government said.
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WASHINGTON -- 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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Sales at retailers rose 0.3 percent in January, which was an unexpected pickup that partly reflected stronger sales of new cars and gasoline, according to a Commerce Department report on Wednesday.
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Teen clothing retailer American  Eagle Outfitters Inc.  said on Wednesday its sales at  stores open at least a year rose 9 percent in August, helped by  back-to-school sales, and reiterated its third-quarter earnings  outlook.
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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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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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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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The August start of the back-to-school shopping season was a disappointment for major retailers, delivering the industry a third straight month of tepid sales and its weakest gain in almost a year and a half. Higher gasoline prices and consumers' ongoing worries about jobs contributed to the poor showing.
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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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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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Consumer prices rose slightly in August, easing fears that inflation, which surged earlier this year, would rapidly pick up steam.
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Retail sales were weaker than expected in August; confidence wanes.
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Limited Brands Inc  said on  Thursday sales at stores open at least a year rose 1 percent in  August, in line with the retailer&#39;s expectations, but it  expects same-store sales to be flat in September.
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Sales at retailers rose 0.3 percent  in January, which was an unexpected pickup that partly  reflected stronger sales of new cars and gasoline, according to  a Commerce Department report on Wednesday.
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Target Corp  on Thursday said August sales at stores open at least a year rose 6.1 percent, beating expectations and sending its shares up more than 2 percent.
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Consumers continued to spend at a  stronger-than-expected pace in August as lower gasoline prices  helped spur spending in other areas, pushing up retail sales by  an unexpected 0.2 percent, a government report showed on  Thursday.
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Teen clothing retailer American Eagle Outfitters Inc.  said on Wednesday its sales at stores open at least a year rose 9 percent in August, helped by back-to-school sales, and reiterated its third-quarter earnings outlook.