U.S. retail sales rise 1.2% in August after July dip
Commerce Department data shows sales at U.S. retailers rose 1.2% in August to $773.9B, rebounding from a 0.5% July decline.
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Commerce Department data shows sales at U.S. retailers rose 1.2% in August to $773.9B, rebounding from a 0.5% July decline.
Ollie's Bargain Outlet reported Q2 net sales of $741 million, up 9.1%, with adjusted EPS rising 43% to $1.42. Comparable store sales fell 1.8% as it updated full-year net sales guidance.
Target Corp. shares trade lower on Monday as investors take profits ahead of its second-quarter earnings report on Wednesday, while softer U.S. retail sales data weighs on sentiment.
The Dow fell around 108 points to 53,732.41 on Friday, while the CNN Fear & Greed index declined but remained in the “Greed” zone; U.S. retail sales and consumer sentiment also weakened.