May 18, 2012

Consumer sentiment rises to 2-year high in June Economic Report

U.S. consumer sentiment was the most optimistic in more than two years in June, but remained far below normal levels, according to a survey released Friday by Reuters and the University of Michigan. The rest of the story: Consumer sentiment rises to 2-year high in June Economic Report – MarketWatch.

Retailers' weekly sales rise 2.5%: survey

Chain-store sales for the week ended June 19 rose 2.5% from the year-earlier period, according to a survey released Tuesday by the International Council of Shopping Centers and Goldman Sachs. The rest of the story: Retailers’ weekly sales rise 2.5%: survey – MarketWatch.

Winners and losers from a stronger yuan

China’s decision to let its currency rise in value adds buying power to its exploding middle class.  At the same time, it puts a squeeze on U.S. retailers like Walmart because Chinese imports suddenly cost more. The rest of the story: The Associated Press: Winners and losers from a stronger yuan.

Consumer Prices in U.S. Fell 0.2% in May, Core Rate Rose 0.1%

Retailers such as Wal-Mart Stores Inc. are cutting prices to bolster sales as customers face almost 10 percent unemployment and rising foreclosures. The rest of the story: Consumer Prices in U.S. Fell 0.2% in May, Core Rate Rose 0.1% – BusinessWeek.

Retailers' weekly sales rise 2.9%

Chain-store sales for the week ended June 12 rose 2.9% from the year-earlier period, according to a survey released Tuesday by the International Council of Shopping Centers and Goldman Sachs. The rest of the story: Retailers’ weekly sales rise 2.9%: survey – MarketWatch.

US consumer sentiment strongest since January 2008

U.S. consumer sentiment improved in early June to its strongest level in nearly 2-1/2 years, bolstered by hopes of better job and credit conditions, a survey released on Friday showed. The rest of the story: US consumer sentiment strongest since January 2008 | Reuters.

Walmart Executives Answer Media's Questions

Walmart executives took half an hour Friday afternoon to answer numerous questions from media from across the nation and the world.

Tom Schoewe Reviews Walmart Finances

Retailers are used to sales growing, but in 2009 that was not the case. “We saw retail actually shrink by $64 billion. That is a tough landscape,” said Tom Schoewe, Walmart executive vice president and chief financial officer.

Retailers' reports show tepid May for shoppers

Retailers’ May sales reports, released Thursday, underscore how fragile the consumer spending recovery remains. The rest of the story: Retailers’ reports show tepid May for shoppers.

Good news for drivers: Gas prices can fall more

Gasoline prices dropped on Tuesday for the 26th straight day of lower oil prices and it looks like there is room for pump prices to move even lower. The rest of the story: Good news for drivers: Gas prices can fall more – USATODAY.com.

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