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Walmart profit hit as inflation afflicts low-wage earners - Netscape Money & Business

Walmart profit hit as inflation afflicts low-wage earners - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

United statesDoug mcmillonChris rugaberZacks investment researchWall streetZacks investmentSouth americaWriter chris rugaber

U S retail spending slows as inflation starts to bite

After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter are taking a bigger bite out of their wallet. Retail sales increased 0.3% after registering a revised 4.9% jump from December to January, fueled by wage gains, solid hiring and more money in banking accounts, according to the Commerce Department. Business at furniture and home furnishing stores fell 1% in February, while sales at consumer electronics and appliance stores slipped 0.6%.

United statesLydia boussourMichelle gassJudy gallagherChris rugaberDavid bassukNeil saundersMark humphreyErnest tubbAnne dinnocenzioCommerce departmentNational retail federationLabor departmentAssociated pressErnest tubb record shop mondayMost western

US retail spending slows as inflation starts to bite

By ANNE D INNOCENZIOAP Retail Writer

United statesLydia boussourNeil saundersDavid bassukMichelle gassChris rugaberAnne dinnocenzioCommerce departmentNational retail federationAssociated pressLabor departmentMost westernCanada gooseOxford economicsWriter chris rugaberAnned innocenzio

U S retail spending slows as inflation starts to bite

After beginning the year in a buying mood, Americans slowed their spending in February on gadgets, home furnishings and other discretionary items as higher prices for food, gasoline, and shelter are taking a bigger bite out of their wallet. Retail sales increased 0.3% after registering a revised 4.9% jump from December to January, fueled by wage gains, solid hiring and more money in banking accounts, according to the Commerce Department. Business at furniture and home furnishing stores fell 1% in February, while sales at consumer electronics and appliance stores slipped 0.6%.

United statesLydia boussourMichelle gassJudy gallagherChris rugaberDavid bassukNeil saundersMark humphreyErnest tubbAnne dinnocenzioCommerce departmentNational retail federationLabor departmentAssociated pressErnest tubb record shop mondayMost western

US retail spending slows as inflation starts to bite

NEW YORK (AP) After beginning the year in a buying mood, Americans slowed their.

United statesLydia boussourNeil saundersDavid bassukMichelle gassChris rugaberAnne dinnocenzioNational retail federationLabor departmentMost westernCanada gooseOxford economicsWriter chris rugaberAnned innocenzioLydia boussourChris rugaber

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