Downbeat retail sales report weighs on most consumer stocks

Young man shopping in food store.

Tara Moore

Retail sales were unexpectedly soft in January as consumers sharply cut back on spending after the holidays, triggering worries about sluggish economic growth in the months ahead.

Sales were down 0.9% last month versus expectations for a more modest 0.2% drop

Leave a Reply

Your email address will not be published. Required fields are marked *