Figures from the Commerce Department showed U.S. retail sales rose by 0.4% last month, although economists had been looking for a rise of 0.6%. In the first three months of the year, the retailer's net sales dropped 3.7% to $2.71bn - the third quarter in a row they have fallen.
Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded from two sluggish months.
Retail sales growth slowed again in April compared to recent months, dragged down by a drop in department and apparel specialty store performance. Retailers like electronic stores and building material suppliers had a good month, and even department stores eked out a small gain.
However, the upside was limited by decreases in sales by clothing and accessories stores, furniture and home furnishings stores, and general merchandise stores.
Total U.S. retail and food services sales increased 4.5% from April a year ago to $474.9 billion and were up 0.4%, from a preliminary March sales estimate.
This data follows recently announced 2017 retail sales projections from the NRF, calling for an annual gain in the 3.7-to-4.2 percent range, with online and other non-store/online sales (which NRF includes in its over all number) to head up between 8 and 12 percent.
"While the interplay between consumer confidence and spending is hard to gauge, retail sales trends and recent consumer sentiment readings are consistent with a pickup in the pace of the economy in the coming months", NRF Chief Economist Jack Kleinhenz said in a blog posting.
While retail is in a state of flux, the source of those difficulties is not mainly due to a major slowdown in consumer spending, Saunders said.
The costs related to the store closures and severance packages was partly responsible for Penney's net loss more than doubling to $180 million, or 58 cents per share, in the quarter ended April 29.
Saudi Arabia , OPEC's de facto leader, has said it expects an extension to the end of 2017 or possibly beyond. A weekly report by Baker Hughes (BHI.N) monitoring US rigs drilling for new production is due on Friday.
The sharks were spotted at Dana Point, near where a woman was bitten by a shark last month , the Orange County Register reported . Meanwhile in Long Beach, about 10 juvenile great whites were also spotted swimming along the shore.
If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & global copyright law. Nisa Investment Advisors LLC purchased a new position in Hertz Global Holdings during the first quarter valued at $174,000.
The gauge had gained 389.37 points in previous three sessions to close at a record high of 30,248.17 in yesterday's session. The 50-share NSE Nifty gained 43.35 points, or 0.46 per cent, to quote at a life-time high of 9,450.65.
Sunday's development continues just a roller coaster of events that have happened this season, let alone last couple weeks. The two sides got into it over how much Harvey was being used during the team's run in the second half.
He wrote that investors were effectively saying: "Don't send us a dividend but instead reinvest all of the earnings". The executives who run Berkshire subsidiaries look forward to the meeting just as the shareholders do.
The latest report from Korea suggests that a brand new smartphone is incoming and it is going to feature the flip design . The dual-camera technology is far from ideal in phones right now, so keep in mind to take this info with a pinch of salt.
The volatility of Wall Street stocks have dropped to a record low after a string of days with little change in the markets. Tyson Foods was the biggest S&P loser, down 6.08 per cent after the meat processor reported a slump in quarterly profit.
The Norwegian visited Berlin as part of a preparation for the North Atlantic Treaty Organisation summit in Brussels on May 25. North Atlantic Treaty Organisation now has about 13,000 troops in Afghanistan, more than half of them American.
It said he was "intercepted for committing criminal acts" to overthrow the North's government, but didn't elaborate. The arrest on Saturday of Kim Hak-song raises the number of USA citizens now held in North Korea to four.
ICE announces major anti-gang operation
Additionally, of the 1,478 gang members arrested, 10 of them had crossed the U.S. -Mexico Brder as unaccompanied minors. Homeland Security officials based in Houston say 207 people were arrested in Houston and the surrounding 50 counties.
Officer shot in Kirkersville Ohio
John Kasich tweeted that he was "shocked & pained by the horrific shooting in Kirkersville, ask for prayers for those injured. The gunman, who was not immediately identified, shot two other people before turning the gun on himself, WBNS-TV reported.
Found: A Giant Decomposing Sea Creature
A local resident, 37-year-old Asrul Tuanakota, is said to have discovered it on the night of Tuesday, May 9. The remains of a giant squid washed up on the shores of Seram Island in Maluku province earlier this week.
SmackDown Recap: Jinder Mahal Pins Randy Orton
End of the story? In the mayhem, Styles attacked Owens, while Mahal with the help of the Singh brothers escaped Orton's clutches. Former disciple clashed with diehard believer last night, as Luke Harper took on a leaderless Erick Rowan on Smackdown LIVE .
Hamas elects Haniyeh as new political chief: spokesman
It brainwashes Palestinian kids in suicide kindergarten camps. "So, where does this hate-filled document belong?" he concluded. What's behind Hamas' Document Release? Hamas is classified as a terrorist organization by the U.S., European Union and Israel.
Phoenix serial killing suspect arrested in deaths of 7
Police initially linked seven deaths and nine shooting incidents over a four-month period to the Phoenix Serial Street Shooter . Police previously said at least seven people were killed and two others wounded over a four-month period a year ago .
Trump administration hollows out EPA science integrity board
This approach is what was always intended for the Board and we're making a clear break with the last administration's approach". Bush administration. "Instead, they should participate in the same open competitive process as the rest of the applicant pool.