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May Sales Slip but Consumer Confidence Still Increases

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Washington–Despite the U.S. Commerce Department’s report today that May retail sales dropped for the first time since September 2009, consumer confidence actually increased hitting its highest point since January 2008. While the Commerce Department figures, showing retail sales dropped 1.2% in May, sent Wall Street and the stock market reeling …

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Target Gets Q1 Profit Boost as Consumers Spend on Non-Essentials

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Minneapolis–Target Corp. reported Wednesday that its first-quarter profit rose 29% beating Wall Street expectations an indicating that consumers are spending again on non-essential items including apparel and accessories. An 188% increase in the company’s credit card unit’s profit also boosted results. Net income rose to $671 million, or 90 cents …

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Walmart Reports 1st Quarter Profit but Cautious About Future

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Bentonville, AR—Although Walmart  Inc. posted quarterly results Tuesday that beat Wall Street expectations, the world’s largest retailer forecast second-quarter earnings that could fall short of estimates and said its same-store sales could also drop. The company said consumers are still worried about their personal finances, unemployment and higher fuel prices as …