June retail sales

Higher prices help drive sales gains in June

Higher prices help drive sales gains in June

PURCHASE, N.Y. — Higher prices, particularly for such necessities as food and fuel, helped drive a 9.5% year-over-year retail sales increase in June. That figure is courtesy of  Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, and excludes automotive sales. When spending on gasoline is also excluded, retail sales

Retail sales rebound in June

Retail sales rebound in June

WASHINGTON — Retail sales grew in June after dipping month-to-month in May, in a sign that the industry is benefiting from an improving economy. Retail sales rose 0.6% in June, according to the U.S. Commerce Department, which also revised data for May to show sales falling 1.7% instead of declining 1.3% as previously reported. Many