Seeking Alpha

More on June Retail Sales

  • A decline in sales at furniture stores and home furnishing outlets (PIR, BBBY, LZB, ETH, RH, HVT, KIRK, WSM) dragged down retail sales during the month of June.
  • The building material and garden equipment category (HD, LOW) was also weak.
  • Perhaps a surprise, but sales at clothing stores outpaced other businesses during the month.
Comments (2)
  • bbro
    , contributor
    Comments (9445) | Send Message
     
    The month to month obsession again misses the big picture...Retail sales ex gasoline y-o-y is up 4.7%....no recessionary signs here....
    15 Jul, 08:43 AM Reply Like
  • permanent
    , contributor
    Comments (119) | Send Message
     
    That is still not a great number. What I am missing after seeing the first secound quater results oft the first big names Alcoa, JPM, GS, J&J why is Business spending not going up. That certainly would create Jobs.
    It seems to me that there is no confidence.
    15 Jul, 08:50 AM Reply Like
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