Thursday, November 1, 2018

NEWS: National Retail

US retail sales barely rose in September as a rebound in motor vehicle purchases was offset by a drop in spending at restaurants and bars. Retail sales edged up 0.1 % last month after a similar gain in August.  Excluding automobiles, gasoline, building materials and food services, retail sales gained 0.5% last month. Among retailers still reporting monthly sales, L Brands was up 1.0% and Costco was up 9.2%. See sales reports below...Target is introducing Smartly, a line of essential products aimed at budget-conscious dollar store shoppers. The brand includes more than 70 everyday items, most priced less than $2. Products are available as single items and also offered in small multi-packs. The line will arrive in stores and online this month. Target is positioning the brand for dollar store shoppers and those who live in small spaces without storage for bulk merchandise sold at warehouse clubs.

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