Thursday, August 18, 2016
US retail sales were flat in July, a potential stumbling block for an economy that has relied on healthy consumer spending to propel growth. Sales climbed 0.8% in June, revised up from an earlier estimate of 0.6% growth. From a year earlier, total retail sales were up 2.3%. Sales at auto and parts dealers rose 1.1% in July. Among retailers reporting monthly comp-store sales, L Brands was up 2.0%, Gap was down 4.0%, and Costco was down 2%. See our sales reports below...Newly formed entity Ahold Delhaize revealed a new logo combining the crown and lion iconography of its respective partners. The new visual identity was revealed as part of a new website for the company, which completed their $29 billion merger. Ahold Delhaize will operate 2,000 US stores under the Stop & Shop, Giant, bfresh, Martin’s, Hannaford and Food Lion banners, as well as the Peapod e-commerce brand.