Sports Licensing and Tailgate Show

January 22-24, 2019 Las Vegas Convention Center, South Hall

Latest News

April Retail Sales Indicate U.S. Consumer Comeback

By John Burns, Associate Editor
May 16, 2016


Retail sales in April jumped by the most percentage points in a year, indicating that consumer spending is up after a slow start to the year, according to Bloomberg.

Purchases climbed 1.3% in the month, while the median forecast of economists surveyed anticipated a 0.8% gain.

Eleven of 13 major retail categories showed growth last month, with sales at automobile dealerships, grocery stores and online merchants hitting annual highs.

Household spending, which makes up about 70% of the economy, is projected to advance at a 2.6% annualized pace in the next three months, according to economists. — J.B.