Retail News

Consumers cut back in August

Reuters 09/16/2020

Core retail sales, excluding autos, building materials, food services and gasoline, fell 0.1 percent last month, according to the Commerce Department, which revised its July number downward from a 1.2 percent gain to 0.9 percent. Job growth slowed during the month and claims for unemployment benefits remained high. Nearly 30 million Americans are currently receiving unemployment benefits.

MORE ON THIS STORY...

MORE RETAIL NEWS HEADLINES...

Discussions
Check out RetailWire's Engaging Online Discussions Featuring Our Exclusive Braintrust!