Sales at U.S. retailers rose more vigorously than expected in March and firming demand led businesses to rebuild inventories to a seven-month high in February, suggesting a broadening economic recovery.
Sales at U.S. retailers rose more strongly than expected in March as consumer stepped up purchases of vehicles and wide range of goods, government data showed on Wednesday, suggesting a broadening of the manufacturing-led economic recovery.
BY Chuck MikolajczakWall Street rose on Wednesday and the S&P topped the key 1,200 level, lifted by solid results from Intel and JPMorgan Chase, while retail sales data gave fresh evidence the economic recovery was broadening.
Sales at U.S. retailers rose more strongly than expected in March, pointing to a broadening of the manufacturing-led economic recovery as inflation pressures remained muted.
WHAT: U.S. March retail sales reportWHEN: Wednesday, April 14 at 8:30 a.m. ET
U.S. stocks gained on Thursday after surprisingly strong March retail sales increased optimism that the economic recovery is on track.
Top retail chains posted a record rise in monthly same-store sales for March, helped by an early Easter holiday and an improving job market, in the strongest sign yet of revived consumer demand.
U.S. stocks gained on Thursday after surprisingly strong March retail sales increased optimism that the economic recovery is on track.
U.S. stocks gained on Thursday after surprisingly strong March retail sales created optimism that a consumer spending rebound would be a harbinger of strong corporate earnings.
Stocks gained on Thursday, led by the retail sector after surprisingly strong March sales as a rebound in consumer spending was seen as a harbinger for strength in corporate earnings.
U.S. stocks edged higher on Thursday, cutting the morning's modest losses as surprisingly strong March retail sales helped offset worries over the latest twist in Greece's fiscal crisis.
Top U.S. retail chains posted a record rise in monthly same-store sales in March, helped by an early Easter holiday and an improving job market, in the strongest sign yet of revived consumer demand.
An early Easter holiday helped top U.S. retailers beat Wall Street's sales expectations as a pickup in consumer spending expanded from discounters to department stores and teen clothing chains.
A nascent pickup in consumer spending has expanded beyond discounters to teen clothing chains and other store chains, according to the first batch of March sales reports from U.S. retailers.
Vacancy rates at U.S. shopping centers and malls rose to the highest levels in at least 10 years in the first quarter, accompanied by a drop in rents that wiped out years of growth, research firm Reis Inc said on Wednesday.
Top retail chains are set to report a jump in March sales, lifted by an early Easter, an improving job market and warm weather, in what may be the strongest sign yet that consumers are shopping again.
Walgreen Co's sales at drugstores open at least a year rose 2.3 percent in March, helped by an early Easter holiday that was also expected to boost the wider retail sector.
Major UK banks face a challenge to refinance more than 300 billion pounds ($448.4 billion) of government-backed funding over the next two to three years, Fitch Ratings said in a report published on Monday.
U.S. electrical goods retailer Best Buy will open its first British store in May, it said on Monday, as partner Carphone Warehouse completed its demerger from telecoms arm TalkTalk .
Walgreen Co posted better margins for its second quarter by carefully managing seasonal merchandise, helping investors to shrug off disappointing earnings and sending its shares up.
EBay Inc and the National Retail Federation, the trade group for the retail industry, said on Monday they have teamed to combat organized retail crime.
Indian commodity exchanges and gold trading entities have started recognizing the real strength of retail investors with most of the commodity exchanges in the country coming up with lucrative retail investment options for gold trading. Gold has been considered as one of the important instruments of investment across the country, especially in retail households. Small household units in India are now turning up as potential investors for gold.
