Wednesday, August 19, 2015

National Retail News

Retail sales rose 0.6% in July month, according to the US Commerce Department. Excluding sales of automobiles, sales were up 0.4%. Eleven of 13 major categories showed increases. One of the best performing categories was non-store retailers, which includes online merchants, where sales rose 1.5%. Sales rose 0.9% at sporting goods stores; 0.8% at home and furniture stores; 0.7% at building materials stores; and 0.4% at apparel stores. At restaurants, sales were up 0.7%. Department stores and general-merchandise retailers did not fare so well, both registering a 0.5% decline. Electronics and appliance sales fell 1.2%. The Commerce Department also revised June's 0.3% decline in retail sales to an unchanged reading. Among retailers reporting monthly comp-store sales, L Brands was up 3%, Gap was down 3.0%, Rite Aid was up 2.4%, and Costco was up 3%. See our sales reports below...Macy's will offer same-day delivery in 8 new cities, including Boston. Macy's is teaming with Deliv to offer the service beginning this month in an effort to compete with e-commerce retailers like Amazon. The company tested out same-day delivery in 8 markets last fall.

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