Retail Sales Strengthen in July
August 14, 2012,
WASHINGTON-Reversing from two straight months of month-over-month declines, July U.S. retail sales rose 0.8 percent over June, totaling $403.9 billion on an adjusted basis, according to this morning's report on retail sales from the U.S. Census Bureau.
That figure also represented a 4.1 percent increase over July of last year. Among the channels carrying home furnishings, July's sales for furniture and home furnishings stores were up 1.1 percent over June and 9.9 percent over last year's July. At general merchandise stores, the increases were 0.7 percent month over month and 0.6 percent year over year. Department stores (excluding leased departments) logged an increase of 0.6 percent over June but fell back 1 percent from July of last year.
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ALSO IN THIS ISSUE:
- Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
- Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.