Wednesday, June 17, 2020

Clothing, furniture retailers drive May retail sales increase, still well below 2019 levels

Consumer spending rose dramatically from April as retailers closed by the coronavirus pandemic began to reopen, but was down year-over-year.

May sales rose 11% from April and 1.7% year-over-year, according to the National Retail Federation, which excludes automobile dealers, gasoline stations and restaurants in order to focus on core retail retail. . . . more