Holiday gift for retailers; sales up a solid 0.4 percent [FOX News]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: FOX News
WASHINGTON – U.S. consumers shopped at stores and online outlets at a solid pace in December, closing out a healthy holiday season for retailers. The Commerce Department said Friday that retail sales rose 0.4 percent last month, after a 0.9 percent surge in November. Retail sales rose 4.2 percent in 2017, the most in three years. Strong holiday shopping should lift economic growth in the final three months of last year. Americans have been more confident about the economy and are more willing to spend. The unemployment rate is at a 17-year low of 4.1 percent. Online retailers reported a strong sales gain of 1.2 percent. Department and general merchandise stores, which include Macy's as well as Target and warehouse clubs, saw sales rise by just 0.1 percent. Sales at home and garden stores jumped 1.2 percent and increased 0.7 percent at restaurants and bars. A few sectors didn't fare as well: Sales fell 1.6 percent at sporting goods stores and 0.
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M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- 4/19/24 - Form 3
- M's page on the SEC website