financetom
Economy
financetom
/
Economy
/
Redbook US Same-Store Sales Rise in Week Ended July 27
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Redbook US Same-Store Sales Rise in Week Ended July 27
Jul 30, 2024 6:16 AM

08:55 AM EDT, 07/30/2024 (MT Newswires) -- Redbook US same-store sales rose by 4.5% from a year earlier in the week ended July 27 after a 4.9% year-over-year increase in the previous week.

Redbook noted sales slowed due to the heat wave in most parts of the country and due to the mid-July doldrums. Retailers are trying to clear summer products and bring customers in for back-to-school items. Customers also focused on purchasing back-to-school items in back-to-school tax-free holidays this week in Mississippi, Alabama, and Tennessee.

Through the third selling week for July, sales were up 4.7% compared with July 2023, below the target for a 5.6% gain, Redbook said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CBO says US 30-year deficits to grow at slower pace due to spending caps, stronger GDP
CBO says US 30-year deficits to grow at slower pace due to spending caps, stronger GDP
Mar 20, 2024
WASHINGTON, March 20 (Reuters) - The Congressional Budget Office said on Wednesday that U.S. deficits and debt will grow considerably over the next 30 years as interest costs mount, but the outlook had improved from forecasts made last June due to spending limits passed by Congress and stronger projected economic growth. The CBO's latest long-term budget projections show federal deficits...
US Congress struggling to reach spending deal to avert weekend shutdown
US Congress struggling to reach spending deal to avert weekend shutdown
Mar 20, 2024
WASHINGTON (Reuters) - A fractured U.S. Congress struggled behind the scenes on Wednesday to produce a massive spending bill to fund defense, homeland security and other programs that lawmakers must pass before the weekend to avert a partial government shutdown. Republican House of Representatives Speaker Mike Johnson and other House Republican leaders said they hope to vote on Friday, leaving...
Fed policymakers stick to three-rate-cut view in '24, but barely
Fed policymakers stick to three-rate-cut view in '24, but barely
Mar 20, 2024
WASHINGTON(Reuters) - U.S. central bankers still anticipate cutting interest rates three times this year, according to the median of new economic projections published on Wednesday, but overall have become more hawkish than three months ago when they last published forecasts. Nine of the Fed's 19 policymakers see three quarter-point rate cuts this year, and nine see two or less. Only...
US retail sales to rise at a slower pace in 2024, says NRF
US retail sales to rise at a slower pace in 2024, says NRF
Mar 20, 2024
(Reuters) - U.S. retail sales are expected to rise as much as 3.5% this year, a slower pace than 2023, industry body National Retail Federation said on Wednesday, as sticky inflation dampens hopes of a strong recovery in consumer spending. CONTEXT U.S. consumer prices increased solidly in February on higher costs for gasoline and shelter, the second straight month of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved