Americans kept spending carefully last month, buying electronics and back-to-school clothes but holding back on luxuries. But pockets of growth during the five weeks between Aug. 29 and Oct. 2 point to a modestly more robust holiday season this year than last.
How can Grand Forks minimize “leakage” of shoppers to other cities?
Grand Forks’ business community wants to commission a study to answer this and related questions. That’s a smart move, because those answers are one of the keys to the city’s future.
As merchants announced their figures today, the results showed that shoppers certainly were not splurging, restrained by tight credit and a weak job market. But the tone of the reports all pointed to improving sales momentum.
Retail sales declined in September by the largest amount this year as car sales plummeted following the end of the government's popular Cash for Clunkers program. But outside of autos, sales were better than expected.
2008 recession damage worse than first reported, report says The economy sank at a pace of just 1 percent in the second quarter of the year, a new government report shows. It was a better-than-expected showing that provided the strongest signal yet that the longest recession since World War II is finally winding down.
The number of newly laid-off Americans filing jobless claims fell more than expected last week and retail sales grew in May for the first time in three months, fresh evidence that the worst of the recession may have past.
The Commerce Department said today retail sales increased by 0.5 percent last month, in line with economists' expectations. It was the largest increase since sales surged by 1.7 percent in January following six straight declines.
View your ad here! Cost effective targeted advertising. Contextual advertising starting as low as $79/month. This includes targeted ad delivery and search results! Add your business to the Marketplace »