Wednesday, July 25, 2018

Analyst: Some warning signs in June sales

Chain Store Age
The retail economy ended the first half of the year on a positive note with a strong set of June numbers. Overall, retail sales rose by 6.3% on an unadjusted year-over-year basis. Below that headline figure, foodservice put in a good performance with a 9% increase over the same period last year, while automotive sales continued to advance with an increase of 5%. Sales at gasoline stations rose by a colossal 20.8%, the fastest increase since September 2011 — driven by both higher prices and some volume increases across parts of the country. . . more