WASHINGTON, July 18, 2023 – Retail sales continued to rise in June even as employment grew more slowly, the National Retail Federation said on Tuesday. “June retail sales confirm that while the economy may be cooling, consumers remain on solid footing and are spending on household priorities,” NRF president and CEO Matthew Shay said. “Back-to-class
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
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