retail sales

(Newser) - Retail sales were up last month, but the .3% rise failed to meet expectations, and if automobile sales are excluded, sales actually fell by .4%—the steepest drop in a year. The August sales figures provide more fodder for an interest-rate cut when the Fed meets next week. “The...

(Newser) - Better-than-expected retail sales figures for August, which built on healthy back-to-school and luxury shopping, raised hopes today that turbulent markets won't take too big of a bite out of holiday-season sales. Wal-Mart and Target made out well, as did luxury emporiums such as Saks. "It bodes well for Christmas,...

(Newser) - Sony is easing up on the retail price of its struggling PlayStation 3 by $100. The console will now cost $500—$20 more than the Xbox 360 and twice as much as the bestselling Nintendo Wii. Sony's CEO had promised to hold the price, but poor receipts appeared to necessitate...