US retail sales post largest drop in nearly 2 years

Retail sales slumped 0.9% in January, down much more than expected
Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday. Retail sales slipped 0.9% for the month from an upwardly revised 0.
US retail sales post largest drop in nearly two years in January
U.S. retail sales dropped by the most in nearly two years in January, likely because of frigid temperatures and moderation following hefty gains in the past four months, suggesting a sharp slowdown in economic growth early in the first quarter.
US retail sales plunged along with temperatures in January after a bustling holiday season
U.S. retail sales dropped sharply last month, in part because cold weather kept more Americans indoors and dented sales at car dealers and most other stores.
Retail Sales Fell 0.9% in January
U.S. retail sales fell more than expected in January, dropping a seasonally adjusted 0.9% from December to $723.9 billion, the Commerce Department said. Economists surveyed by The Wall Street Journal had expected a drop of 0.
January Retail Sales
The advance report for retail sales plummeted by 0.9 percent for January, offset only modestly by upward revisions to prior months. Read more here.
Retail sales see biggest drop in a year to start 2025
New data out Friday showed retail sales declined more than expected in the first month of 2025. Headline retail sales fell 0.9% in January, more than the 0.2% decline economists had expected, according to Bloomberg data. This marked the largest month-over-month decline in retail sales since January 2024.
Retail sales plunge in January as wildfires, cold give consumers pause
Retail sales fell 0.9% in January, the steepest drop in nearly two years, as consumers were held back by California wildfires, unusually frigid conditions, and uncertainty around the outlook for tariffs.
January retail sales weaken more than expected
M/M vs.-0.2% consensus and +0.7% prior (revised from +0.4%), according to data released by the U.S. Census Bureau on Friday.

Hermès Sales Jump

Canadian flag sales surge after Trump threats
Canadian flagmaker Flags Unlimited's sales have doubled from a year earlier, the company's owners said, as tensions with the ...
R.I.’s home sales went up last year for the first time since the start of the pandemic
We need to get more shovels in the ground to sensibly increase our supply,” said Chris Whitten, president of the Rhode Island ...
Forecasting Accuracy: Overcoming A Major Sales Industry Hurdle
As businesses navigate increasingly complex economic pressures, the demand for more reliable and sophisticated sales ...
Harvard Business Review23h
How Sales Teams Can Use Gen AI to Discover What Clients Need
In the face of decreasing access to buyers, sales organizations often increase the volume of their sales outreach, hoping ...
Toronto Star2d
Ontario has a new rule to fight illegal home sales by rogue developers. It could end up punishing some buyers
The land was bare, but soon, there would be a subdivision, which would include a four-bedroom vacation home where Baweja ...
Senate approves sales tax holiday for firearms
The Georgia Senate passed a bill that would allow an 11-day sales tax holiday on firearms, ammunition and accessories ...
Washingtonian on MSN2d
7 Luxury Home Sales in the Washington Area—and Who Bought and Sold Them
Days on market: 7. Bragging points: An 11,377-square-foot French country estate with six bedrooms, seven bathrooms, two half ...
Applied Materials Stock Slips on Predicted China Sales Headwinds
Key Takeaways Shares of Applied Materials declined on Friday after the company's sales projections outweighed a first-quarter ...