Voice of America
16 Jan 2021, 04:35 GMT+10
Retail sales in the United States fell for a third consecutive month as pandemic-related shutdowns continue to roil the economy.
The Commerce Department said retail sales fell by a seasonally adjusted 0.7% in December compared to a year ago. Retail sales were also down in October and November.
The traditional surge in sales around the holidays seems to have sputtered with several retailers, including Nordstrom, Victoria's Secret and Urban Outfitters saying holiday sales were off.
The bad economic news comes in the wake of a gloomy jobs report which saw the economy shed jobs for the first time since spring.
Get a daily dose of Massachusetts Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Massachusetts Sun.
More InformationALBANY, New York: New York's new coronavirus-period dance rules will allow some dancing at parties. The state said that when ...
WASHINGTON D.C.: Looking beyond the $1.9 trillion COVID-19 relief bill, President Joe Biden and other lawmakers are establishing the foundations ...
WASHINGTON DC - To boost vaccination rates among minorities, particularly Black and brown Americans, senior Biden administration officials say the ...
WASHINGTON D.C.: The U.S. Justice Department has announced it will appeal a court ruling that the federal prohibition on evictions ...
WASHINGTON, DC - Following accusations of sexual harassment against New York Governor Andrew Cuomo, White House press secretary Jen Psaki ...
SAN FRANCISCO, CA: Small earthquakes reaching magnitude 3.7 were felt along California's Central Coast after midnight on Sunday, according to ...
A California federal judge has issued the final approval of a $650 million Facebook class action privacy settlement, handing down ...
DUBLIN, Ireland: Ireland's manufacturing sector grew slightly for the second consecutive month in February, after a major decline at the ...
SYDNEY, NSW, Australia - Most of the major indices in Asia tumbled more than two percent on Thursday.The only bourse ...
SAN FRANCISCO, California: Airbnb hosts can see average earnings of up to $10,000 per year, Brian Chesky, CEO of Airbnb, ...
NEW YORK, New York - U.S. stocks lost ground on Wednesday as bond yields continued to spike. The technology sector ...
IRVING, Texas: McKesson Corp began distributing the Johnson & Johnson COVID-19 vaccine in the United States on Monday. McKesson is ...