<< Read Full Article

Retail Sector Falls as Gas Prices Hurt Sales

Stock quotes in this article: WMT , TGT , BBY , RAD , M , SHLD , JCP  

Gas prices -- damn you, gas prices! -- are wreaking havoc once again. As the cost rose at the pump last week, U.S. shoppers continued to cut back on their shopping, and the retail sector suffered in response.

Sales for the second week in June dropped .6%, according to the International Council of Shopping Centers and Goldman Sachs. On a year-over-year basis, sales sank 1.5%.

ICSC expects monthly June sales to tumble about 5%, compared with a 4.6% decline in May. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,328.89 1,102.47 2,211.69 35.46
Oil *
73.88
UP
20.63
UP
6.40
UP
31.64
UP
0.59
10 Yr
3.55%
SPDR Gold
108.95
+0.20%
+0.58%
+1.45%
+1.69%
Data delayed 20 minutes

More From TheStreet

Latest Headlines

Brokerage Partners

TheStreet Premium Services

All Services