- Retail sales came in stronger than expected in January and were revised higher for the key month of December.
- A few standpoint categories for January included food services (+6% Y/Y), building material/garden equipment stores (+5%), and nonstore retailers (+9% Y/Y).
- A notable laggard in the retail sales print was the department stores category (KSS, JWN, M, JCP, SHLD). Sales were down 0.8% M/M and 3.8% Y/Y during January.
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Full Retail Sales report (.pdf)
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