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Retail sales fell in May as pre-tariff spending fizzled out
The engine of this economy — consumers — slowed in May. Consumer spending is responsible for more than two-thirds of gross domestic product in the U.S.
Retail Spending Falls For Second Month In A Row As Consumers Grow Anxious
The decrease in retail spending was driven by a steep decline in car sales, just two months after consumers rushed to make car purchases before President Donald Trump’s tariffs were scheduled to go into effect.
Retail sales slide in May on lower gas, auto sales amid tariff uncertainty
Investors were closely watching monthly retail sales to see how consumers are responding to increased tariffs.
US Retail Sales Drop for Second Month as Tariff Anxiety Sets In
US retail sales fell for a second straight month in May, suggesting anxiety over tariffs and personal finances prompted consumers to pull back after an early-year spending rush.
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Walgreens’ lost decade: How M&A mania and retail neglect shrunk a $100 billion giant to a $10 billion private equity gamble
As Walgreens exits Wall Street after 98 years, its new owners face a daunting turnaround. Will a renewed focus on its pharmacies and more financial discipline be enough?
US retail sales post biggest drop in four months
STORY: U.S. retail sales in May posted their biggest decline in four months, as consumers pulled back on some big-ticket items.A report from the Commerce Department on Tuesday showed U.S. retail sales fell 0.
ASOS Opens First US Pop-Up In NYC And Shares Future Retail Plans
ASOS has debuted in physical retail in the United States with a pop-up store in SoHo and plans for a Hamptons pop-up on the long weekend.
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