Thursday, March 24, 2016
Retail sales dipped 0.1% in February, the Commerce Department said. Economists expected a 0.2% drop. Excluding autos and gasoline, sales increased 0.3%. Sales also fell 0.4% at department stores, 0.5% at furniture stores, 0.1% at electronics and appliance stores, and 0.2% online. Sales rose 0.9% at clothing stores, 1% at restaurants and bars, 1.2% at sporting goods stores, and 0.7% at health and personal care stores. Among retailers reporting monthly comp-store sales, L Brands was up 5.0%, Gap was down 2.0%, Rite Aid was down 0.8%, and Costco sales rose 2.0%. See our sales report below.