Retail Sales up 0.6% in Aug. From Jul. Even
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Forbes contributors publish independent expert analyses and insights. Pam Danziger reports on retail, focused on the luxury consumer market. Retail sales remain strong, but consumers face slowing wage growth and rising credit card debt, limiting their ...
Nine out of 13 retail categories reported increases in August, led by online retailers, clothing stores and sporting goods thanks to a blowout back-to-school shopping season. Clothing and accessories rose 1% from the previous month, while spending on sporting goods, bookstores and musical instrument retailers jumped 0.8%.