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BUSINESS
Lorraine Mirabella | June 26, 2012
Consumers are still holding back on spending, and that uncertainty led to a slowdown in retail sales momentum last week, an index that measures national retail business shows. The index released Tuesday by the International Council of Shopping Centers and Goldman Sachs has tracked a mix of positive and negative sales results so far in June. For the week ending June 23, sales grew by just 2.7 percent compared to the same period in 2011. The index measures  sales at stores open at least a year and represents about 40 chain stores but does not include restaurant or automobile sales.
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NEWS
July 4, 2014
Do they know what they're doing? Construction jobs pretty good money, but then they just end. Retail sales…many low paying, and often dead-end. White Marsh Mall…not exactly packed. It's acres of blacktop with much underused. Look out Chesapeake Bay, more runoff infused. So once in a while we may walk through an aisle of one brick and mortar. But then we look down to check on device how cheap online, and leave for best price.
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BUSINESS
Lorraine Mirabella | May 13, 2013
Did you get out and shop in April? Retail sales numbers released today show improving consumer confidence and more spending in stores. The National Retail Federation reported a 0.6 percent seasonally adjusted sales gain from March to April, excluding autos, gas stations and restaurants, and a 3.9 percent gain compared with April 2012. The U.S. Department of Commerce said total retail and food service sales - which do include autos, gas stations and restaurants - grew 0.1 percent on a seasonally adjusted, month-to-month basis in April and 3.7 percent year-over-year.
NEWS
June 18, 2014
Reporter Jamie Smith Hopkins ' article on economic growth in Maryland discussed what can be done when most of the Mid-Atlantic is caught in slow growth ("A bumpy year for Maryland's economy," June 15). The antidote for slow growth is visionary leadership - and a willingness to buck regional trends. In Maryland, the prevailing view that increasing economic activity is the political equivalent of fracking must be changed. More state revenue is not always the solution. In fact, expanding the sales tax holiday can create more job opportunities.
BUSINESS
Lorraine Mirabella | August 6, 2013
Sales at the nation's chain stores are expected to show a 4.1 percent gain in July, an improvement over the 2.5 percent sales increase a year earlier, Retail Metrics is reporting. Retail demand has improved since spring along with improvements in housing, employment and consumer confidence, the research firm said in a report today. Most retailers are slated to release monthly results, which measure sales at stores open a least a year, later this week. Mall traffic slowed in July, but extremely hot weather gave a boost to summer clearance merchandise, Retail Metrics said. Tax-free holidays in 12 states also helped.
BUSINESS
By Andrea Chang, Tribune Newspapers | May 6, 2010
The nation's retail recovery continued in April, albeit at a more sluggish pace than in recent months. Sales at major chain stores increased 0.5 percent compared with the same month a year earlier, according to Thomson Reuters' tally of 28 retailers. That was below the 1.7 percent increase that analysts had projected. An earlier Easter this year and poor weather in some parts of the country led to weaker sales than in March, when retail sales soared 9.1 percent. Because of the Easter shift, industry experts said that it was important to look at the combined March-April period.
BUSINESS
By New York Times News Service | December 15, 1993
WASHINGTON -- Spending heavily for big-ticket goods, shoppers kicked off the holiday gift-giving season by sending retail sales in November up briskly, a preliminary tabulation by the Commerce Department showed yesterday.Consumers shoved $178.93 billion across counters last month, four-tenths of 1 percent more than in October, despite severe wintry weather that curtailed activity in much of the country toward the end of the month.Although the rise was less than some expected, the Clinton administration and most private analysts expressed satisfaction with it, noting that this was the eighth straight rise in retail spending, a category accounting for one-third of the nation's economic activity.
BUSINESS
By Thomas Easton and Thomas Easton,New York Bureau of The Sun Michael Dresser of The Sun's Business staff contributed to this article | January 14, 1992
NEW YORK -- January began with stronger sales for many retailers, giving faint signs of hope that this year's results may improve slightly over a horrendous 1991."
BUSINESS
By New York Times | December 13, 1991
WASHINGTON -- Reflecting a desultory start to the holiday shopping season, retail sales rose three-tenths of 1 percent in November, to $153.1 billion, the Commerce Department reported yesterday.Such transactions cover a wide variety of outlets from department stores to fast-food restaurants and account for half of all consumer spending and a third of all economic activity.While the percentage gain was a bit more than most analysts expected, this was partly attributed to a downward revision for ,, October, for which sales are now put at $152.
BUSINESS
By New York Times News Service | April 14, 1993
WASHINGTON -- Consumers cut spending at retail counters by 1 percent in March, the biggest monthly decline in more than two years, the Commerce Department said yesterday in a report that was considerably weaker than expected.Although the mid-month blizzard that paralyzed much of the Northeast and South was widely acknowledged to have had an adverse impact, government and private analysts said there was little doubt that the poor sales results also suggested a further slackening of economic growth.
BUSINESS
Lorraine Mirabella, The Baltimore Sun | May 9, 2014
Baltimore Ravens fans, here's a sale for you. The Ravens plan to offer hundreds of items at discounted prices during a special merchandise sale Saturday at M&T Bank Stadium. The team will offer some items to the public for the first time, including equipment worn by players and locker room-issued apparel. Look for 2012 and 2013 season merchandise as well, including Super Bowl XLVII items. "The Ravens used to outsource our merchandising, and no longer do," Heather Harness, the team's senior manager of advertising and branding, said in an email. "Now that we control our pricing, we can offer our fans some really great prices.
NEWS
By Timothy B. Wheeler and The Baltimore Sun | March 7, 2014
Grain alcohol would be outlawed in Maryland under a bill that passed the House Thursday. The vote was 103-30. Similar legislation has already passed the Senate. It would bar retail sales of any drink that's 190-proof or more, containing at least 95 percent alcohol. The ban was sought by the state's university presidents, who were seeking to curb binge drinking on campus. Pennsylvania, Virginia and West Virginia already ban grain alcohol.
NEWS
By Natalie Sherman, The Baltimore Sun | December 24, 2013
At this time of year, as Morstein's Jewelers fields calls from shoppers trying to make the Christmas Day deadline, third-generation owner Sonny Morstein finds himself asking the same question. "This is probably over 45 years of saying, 'Why are they waiting until the last minute!'"he said, estimating that about 40 people swung through his doors on Light Street in Federal Hill Tuesday. "They call and we say, 'Well, if you're coming, we'll wait for you.'" As a slower-than-expected holiday season winds down, many retailers may be wishing they had Morstein's problem.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | October 28, 2013
Thomas Gallagher tried to steer his daughter toward one of the less-pricey costumes at Spirit Halloween in Glen Burnie. But then the 5-year-old spied the Snow White get-up. Too late. Gallagher ended up spending about $40 at the store last week on a glittery tulle gown for his daughter, Kaelyn Gallagher, which the kindergartner plans to wear trick-or-treating Thursday. "I told her she could pick out anything," the Hanover father said. "But I was hoping it would be one of the cheaper ones.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | October 23, 2013
When Amazon.com opens a huge distribution center next year in Southeast Baltimore, consumers across the state who buy books, electronics, toys or anything else from the online seller will no longer be able to avoid the state's 6 percent sales tax. Consumers might not like it, but that's just fine with many retailers in Maryland, who say the online giant enjoyed that competitive advantage for too long. Seattle-based Amazon announced plans Tuesday to open a 1 million-square-foot warehouse that will employ 1,000 full-time workers at the site of the former General Motors plan on Broening Highway, a move welcomed by city and state officials.
BUSINESS
Lorraine Mirabella | October 2, 2013
Retail sales will be up slightly this holiday season compared to last year, according to ShopperTrak. The firm that measures store traffic is calling for a 2.4 percent increase in sales in November and December. That's a slower pace than last year, when sales rose 3 percent compared to 2011. And shoppers will likely make their way to fewer stores, leading to a 1.4 percent drop in store traffic this holiday season, ShopperTrak said. "Although the economy continues to recover slowly, consumers remain cautious about spending and are not ready to splurge," said Bill Martin, ShopperTrak's founder.
BUSINESS
By BLOOMBERG NEWS | December 6, 2006
NEW YORK -- Retail sales growth in the week after Thanksgiving fell to 3.1 percent, the slowest rate in four years, as consumers delayed holiday purchases to wait for discounts. A longer shopping period between Thanksgiving and Christmas contributed to consumers' delays, the International Council of Shopping Centers (ICSC) and UBS Securities LLC said yesterday. Their survey showed that 25 percent of shoppers finished most of their purchases by Sunday, down from 32 percent the previous two years.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | August 15, 2013
Jos. A. Bank Clothiers Inc. expects profits to drop in the second quarter, the Hampstead-based retailer announced Thursday. Earnings are expected to decline to about 49 cents to 53 cents per share, compared with 83 cents per share in the second quarter of 2012, the company said. Sales fell about 11 percent in the three-month period that ended Aug. 3, but the gross profit margin rate stabilized, said CEO R. Neal Black in a statement. "Customers did not respond as well to some of our highly promotional, high sales volume marketing campaigns as they did in the prior year," and sales fell mostly during the promotional peaks, Black said.
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