Thursday, August 17, 2017

Consumers Keep Spending, but Not in Stores

Image result for online vs in storeBad news for struggling U.S. retailers: Consumer spending is looking decent, but it isn’t showing up in their stores.

Americans have been in a spending mood. The Commerce Department on Tuesday reported that retail sales rose 0.6% in July from June—better than the 0.4% gain economists were looking for. June sales also were revised higher. The new figures bat away concerns that consumer spending was shifting into a lower gear.. . . more

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