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NRF report: Sandy and fiscal cliff send October retail sales downward
Washington, D.C. -- The National Retail Federation said Wednesday that, for the first time in three months, retail sales ticked down slightly as consumers cooled discretionary spending in the face of inclement weather and uncertainty in Washington.
October retail sales (excluding automobiles, gas stations and restaurants) decreased 0.3% seasonally adjusted from September yet increased 3.9% unadjusted year-over-year.
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NRF urges Washington to fix fiscal cliff before Black Friday
Washington, D.C. -- The National Retail Federation on Wednesday urged President Obama and Congress to come up with a plan to avoid the “fiscal cliff” by Thanksgiving, saying uncertainty over the pending combination of tax hikes and spending cuts threatens consumer confidence during the holiday shopping season that begins on Black Friday.