Retail Sales Were Strong in June But Department Stores Struggled

Retail sales kept up their solid run in June, rising 0.5 percent last month according to the Commerce Department. Rising wages and a strong labor market have buoyed consumer spending in the second quarter after a sluggish start to the year. Retail sales in the period from April through June were up 1.9 percent from the first quarter of 2018 and surged 5.9 percent from the same period in 2017. May’s retail numbers, meanwhile, were revised upwards to 1.3 percent from a previously reported...

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