Retail Sales Take Steep Fall
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WASHINGTON -- Consumers put away their wallets in June, sending retail sales crashing by the sharpest amount in nearly two years.
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Retail sales, hurt by a big drop in auto purchases, slowed at the start of the year and business inventories turned in the poorest showing in 17 months.
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UK retail sales fall at their fastest pace since 1981, official figures show.
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Sales of new homes unexpectedly plunged in November at the sharpest rate in more than a decade, falling 12 percent to the weakest annual rate since July, the Commerce Department said on Thursday.
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Lately, the company's retail operation has been lagging behind sales of its locations.
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The retailer's same-store sales decline.
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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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The nationâs big retail chains, a closely watched barometer of economic health, reported dreary December sales, which may stoke fears of a recessionary downtown.
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WASHINGTON, Feb. 14  â Retail sales, hurt by a big drop in autos, slowed at the start of the year while business inventories had their poorest showing in 17 months.
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Retail sales in June posted their biggest drop in nearly two years, according to government data on Friday, indicating the housing slump and soaring gasoline costs are depressing consumer spending.
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Shoppers turned tightfisted in August, dropping sales at the nation's retailers by 0.3 percent, providing fresh evidence of an erratic pace of consumer spending in recent months.
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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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LONDON  - A sharp drop in spending by U.S. tourists contributed to one of the worst Christmas sales periods for London's retailers, an industry body said Monday.
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U.S. retail sales posted their biggest monthly decline in nearly two years during June, according to government data issued on Friday, indicating the housing market slump and soaring gasoline prices are depressing consumer spending.
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U.S. chain store sales fell in the  last week of November, as shoppers focused on discounted rather  than full-priced items, a report said on Tuesday.
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Mortgage and shopping blues combine to push stocks lower.
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UK retail shares slump after poor Christmas sales from Marks & Spencer, sparking fears of a cooling economy.