Wednesday, October 19, 2016
National Retail News
US retail sales rose 0.6% in September, a rebound after sales slipped 0.2% in August, the Commerce Department said. Department stores suffered a 0.7 % sales decline in September, part of a broader, long-term setback for anchor tenants at many malls that are competing with online outlets for customers. Stabilizing oil prices meant sales rose 2.4% at gas stations. Spending at restaurants improved 0.8%, while auto dealers, building materials stores and furnishers showed gains of 1% or more. During the first nine months of the year, retail sales have increased 2.9% over 2015. Among retailers still reporting monthly same-store sales, L Brands was up 3.0%, Gap was down 3.0%, and Costco was flat. See our sales reports below.