Americans barely spent more last month at retail businesses and restaurants after higher taxes cut their paychecks. The small increase suggests consumer spending may be weak in the January-March quarter, which could hold back economic growth.
Retail sales ticked up 0.1 percent in January from December, the Commerce Department said Wednesday....
Williams-Sonoma Inc. said Wednesday that its revenue increased 4.8 percent to $1.01 billion for the nine-week holiday period that ended Dec. 30.
The cooking and housewares company's President and CEO Laura Alber said the results reflect the strength of its brands, as it made the gains amid tough competition and a difficult economy. Holiday sales are critical to retailers, which can often pull in as much as 40 percent of their annual revenue during the final two months of the year.