Will consumers stop propping up aging economic recovery?
Retail sales remain strong. Business spending is down.
Traders may anticipate economic downturn, but regular consumers don't seem too worried.
And consumer sentiment is thought to be a good indicator of whether a downturn is coming or not.
Gains by online merchants often come at the expense of brick-and-mortar stores.
It offsets a big surge in retail sales in March.
The decline of 1.2 percent was the biggest in nine years, but noisy data may be the culprit
The U.S. Census Bureau will release June retail sales data this morning. We already know that consumer spending is strong right now due in part to a tight labor market and inflation. But how are consumers financing their current spending spree…
We got some number today hot off the keyboards of the folks at the Commerce Department. They show that retail spending in January was lower than December by 0.3 percent. That dip was notable because the consensus was actually that…
Seems like every time you turn around, another department store chain is closing locations and laying off people – Macy’s, Sears, J.C. Penney — and these are just the biggies. Since January, nearly 61,000 jobs have been eliminated in the retail…