U.S. Retail Sales Slip in June
July 14, 2010,
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.
"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.
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