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 >
February Chicago Fed National Activity Index Rebound More Than Expected
February Chicago Fed National Activity Index Rebound More Than Expected
Mar 25, 2024
08:40 AM EDT, 03/25/2024 (MT Newswires) -- The Chicago Federal Reserve Bank's monthly National Activity Index rebounded to a reading of 0.05 in February from a downwardly revised minus 0.54 in January, compared with expectations for a smaller increase to minus 0.34 in survey of analysts compiled by Bloomberg as of 7:45 am ET. The three-month moving average declined to...
Dallas Fed March Manufacturing Index Declines More than Expected, Indicates Faster Contraction
Dallas Fed March Manufacturing Index Declines More than Expected, Indicates Faster Contraction
Mar 25, 2024
10:44 AM EDT, 03/25/2024 (MT Newswires) -- The Dallas Federal Reserve's monthly manufacturing index declined to a reading of minus 14.4 in March from minus 11.3 in February, compared with expectations for a slight decrease to a reading of minus 11.5 in a survey compiled by Bloomberg as of 7:45 am ET. The index still indicates contraction, which is in...
Fed's Cook says cautious approach needed to policy easing
Fed's Cook says cautious approach needed to policy easing
Mar 25, 2024
WASHINGTON (Reuters) - The U.S. central bank needs to proceed carefully as it decides when to begin cutting interest rates, Federal Reserve Governor Lisa Cook said on Monday, citing, as many of her colleagues have, the rough balance now between the dangers of easing monetary policy too soon and those of moving too slowly. With inflation falling but still high,...
US Dollar Falls Early Monday, Attention Focuses This Week on Home Sales, GDP, Personal Income, Powell
US Dollar Falls Early Monday, Attention Focuses This Week on Home Sales, GDP, Personal Income, Powell
Mar 25, 2024
07:47 AM EDT, 03/25/2024 (MT Newswires) -- The US dollar declined against its major trading partners early Monday ahead of the release of the Chicago Federal Reserve's National Activity Index for February at 8:30 am ET, new home sales for February at 10:00 am ET and the Dallas Fed's monthly manufacturing index for March at 10:30 am ET. Atlanta Fed...
Copyright 2023-2025 - www.financetom.com All Rights Reserved