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Upswing in US retail sales spurs growth hopesUS retail sales rose broadly in August and consumer sentiment hit a 14-month high in September, supporting expectations for sturdy economic growth in the third quarter. The data on Friday helped ease concerns about soft consumer s More… |
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US retail sales surge on discountsUS retailers relied heavily on promotions to win over cautious consumers in June, and the trend may weigh on margins as they head into the key back-to-school shopping season. Sales at stores open at least a year rose 3.1 per cent, shy of 3 More… |
