Wednesday, February 14, 2018

U.S. retail sales slump in January and December’s initial gain was erased


Sales at U.S. retailers fell by 0.3% in January — the biggest drop in almost a year — chiefly due to declines at auto dealers and home centers. And a previously reported increase in sales in December was wiped out.

Economists polled by MarketWatch had forecast a 0.2% increase in sales.. . . more