Retail Sales Up Modestly in January
The Commerce Department reported that retail sales grew 0.3% in January, after a 0.4% decline in December when retailers endured their worst holiday season since 2002. The increase was fueled by strong auto sales and a jump in sales at gasoline stations, which reflected higher pump prices. Auto sales increased 0.6% last month, the best showing since a 0.7% rise in September. Sales at gasoline stations were up 2%. However, excluding gasoline, retail sales increased a mere 0.1% in January, and excluding autos, sales were up 0.3%. Apparel store sales grew 1.4%, but general merchandise stores, which include department stores and big chains such as Wal-Mart, saw only a 0.1% gain. Sales fell at other retail sectors, including furniture stores, electronics stores, hardware stores and sporting goods stores.
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Factoring, Credit and
Economy News
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Charter Capital services many industries. Here are just a few of the industries
we are currently financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get cash
with Freight Bill Factoring from Charter Capital. We purchase your freight bills
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing company with unlimited payroll funding ,
whether you're a start up or a multi-million dollar
temp-staffing agency. Our
clients provide staffing for various industries including Professional, Office
Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared
to gain your share with a FactorLine facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor,
packaging company, or
any business that invoices to credit worthy customers, then a FactorLine from
Charter Capital can accommodate the working capital funding needs of both new
manufacturing companies as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology
consulting and staffing firms are great candidates for our FactorLine accounts receivable
funding service, enabling you to increase your cash flow without the need
for bank loans. We are always adding new industries and will consider factoring
service providers in any industry.
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