U.S. Retail Sales Slip in June

WASHINGTON--Sales at the nation's retailers declined 0.5 percent last month, to a seasonally adjusted total of $360.2 billion.

The overall performance included a 1.1 percent drop in sales and furniture and home-furnishings stores to $7.5 billion. Sales at general-merchandise stores increased 0.2 percent to $50.4 billion, which included a 1.1 percent rise in sales at department stores to $15.6 billion.

"Today's data shows consumers continue to take a cautious approach towards shopping," said Matt Shay, president and chief executive officer of the National Retail Federation, in a statement. "However, growth in key areas such as electronics, apparel and department stores is an encouraging sign as we enter the back-to-school shopping season."

 "Moderate growth these last few months proves that consumer uncertainty remains," said NRF's chief economist, Jack Kleinhenz. "A slow- growing economy and high unemployment rates will continue to hinder consumers' decisions to spend on discretionary items.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


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