In what retailers hope is a preview of the holiday shopping season, retail sales from the critical back-to-school month of August increased by 0.7% on the month, according to data released by the U.S. Census Bureau on Thursday. When autos are excluded, that gain was a robust 1.8%. The August figure ... READ MORE >
back to school
CHART OF THE DAY: Retail sales dip reflects shift in spending habits
A decline in retail spending in July may signal a shift in spending habits as consumers straddle a strengthening economy and virus-related concerns. Retail sales declined 1.1% in July compared to June, with the biggest decreases coming from motor vehicle and parts dealers, as well as non-store ... READ MORE >
The back-to-school debate and its impact on the real economy
“Enjoy your summer!” teachers say when the school bells ring a final time and children race home to their families to begin summer. But summer has been far from enjoyable for U.S. families who carry the weight of making back-to-school plans amid an uncertain COVID-19 landscape. Yes, the warm weather ... READ MORE >