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The U.S. retail industry is setting records: workers quitting and workers hired. Wages are finally growing. And despite the pandemic devastation, brand-new stores are still opening.
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Restaurants and bars are reeling from spikes of coronavirus cases in their communities. Earlier holiday sales meant online shopping and electronics sales dipped in December. Retail sales fell 0.7%.
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Retail sales dipped 1.1% in November compared with a month earlier as new coronavirus surges restricted outings to stores and especially restaurants.
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Shoppers kept buying electronics and home improvement supplies, but sales overall rose only 0.3% in October.
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Women hold the majority of jobs in clothing and department stores, gift and souvenir shops. They run cash registers everywhere. Now thousands of stores have shuttered, leaving them jobless.
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A new report by the consumer-interest nonprofit Public Citizen calls out major retailers for donating to trade groups and campaigns supporting harsher shoplifting penalties in at least 18 states.
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U.S. retail spending grew 1.9% last month, delivering a slight boost of confidence amid a recent spate of signs that the economic recovery has lost momentum from the pandemic's toll.
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The Midwestern chain Hy-Vee says DSW shoe outlets are opening in six of its supermarkets in Minnesota. Grocery shoppers will be able to try on shoes, then order online.
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But U.S. shoppers spent more prudently in August and retail sales grew a tepid 0.6% from July, after extra federal jobless benefits expired and families faced a confusing back-to-school season.
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People particularly stocked up on electronics and appliances, took more trips with stops at gas stations, and cautiously went out to eat as more stores and restaurants reopened.