financetom
Economy
financetom
/
Economy
/
Redbook US Same-Store Sales Rise in Week Ended Aug. 3
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 Aug. 3
Aug 6, 2024 6:20 AM

08:55 AM EDT, 08/06/2024 (MT Newswires) -- Redbook US same-store sales rose by 5.1% from a year earlier in the week ended Aug. 3 after a 4.5% year-over-year increase in the previous week.

Redbook noted higher sales due to annual sales tax breaks in several states. Retailers offered promotions for back-to-school items. Residents of Florida focused on stocking up essential items and groceries to prepare for tropical storms.

Through the fourth selling week for July, sales were up 4.8% 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 >
Bond investors debate recession risks with Fed easing finally at hand
Bond investors debate recession risks with Fed easing finally at hand
Sep 17, 2024
NEW YORK (Reuters) - Bond investors are more cautious and divided over prospects for recession in the world's largest economy with the Federal Reserve poised to cut interest rates on Wednesday for the first time in more than four years. Proponents of a soft-landing scenario said recent weak U.S. data does not suggest the economy is falling off a cliff...
US Dollar Rises Early Tuesday Ahead of Retail Sales, New York Fed Services, Industrial Production
US Dollar Rises Early Tuesday Ahead of Retail Sales, New York Fed Services, Industrial Production
Sep 17, 2024
07:43 AM EDT, 09/17/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Tuesday, except for a small decline versus the euro, ahead of a busy schedule of economic data releases, starting with retail sales for August and the New York Federal Reserve's services reading for September, both at 8:30 am ET. Weekly Redbook same-store sales...
Factbox-Most brokerages expect 25 bps rate cut from Fed on Wednesday
Factbox-Most brokerages expect 25 bps rate cut from Fed on Wednesday
Sep 17, 2024
(Reuters) - Major brokerages expect the U.S. Federal Reserve to lower interest rates by 25 basis points at the end of its two-day monetary policy meeting that starts on Tuesday, even as financial markets price in a good chance of policymakers starting the easing cycle with an outsized rate reduction. Interest rate futures show a 65% chance of the Fed...
Fed rate cut uncertainties rattle balance sheet outlook
Fed rate cut uncertainties rattle balance sheet outlook
Sep 17, 2024
NEW YORK (Reuters) - Uncertainty over the size of an initial interest rate cut expected Wednesday from the Federal Reserve has sparked a related debate over the possibility of an accelerated halt to the central bank's balance sheet drawdown. Prospects for an opening cut of half a percentage point have been gaining ground over a smaller quarter-point reduction in rate...
Copyright 2023-2026 - www.financetom.com All Rights Reserved