Home / Youth

US retail sales in surprise July fall

China Daily | Updated: 2009-08-14 08:09

US retail sales in surprise July fall

Retailers such as Macy's are cutting costs and inventories to bolster profits. Bloomberg News

WASHINGTON: Sales at US retailers unexpectedly fell in July, the first decline in three months, as concern over jobs and stagnant incomes caused consumers to cut back on other items after taking advantage of the cash-for-clunkers program.

US retail sales in surprise July fall

Today's Top News

Editor's picks

Most Viewed