Economy Watch Weekly: Consumers Go Shopping in July
- Aug 22, 2017
The retail industry breathed a sigh of relief in July as retail and food services sales enjoyed a 0.6 percent increase for the month and a 4.2 percent bump from July 2016, according to the U.S. Census Bureau. Categories like automotive and dollar stores did in July, and even the department store sector saw a gain of 1 percent. Electronics store sales continued to decline, as e-commerce continues to take up a larger share of total retail sales. Economy Editor Dees Stribling has more on the winning and losing retail categories, as well as the Internet’s impact on the sector, for the week ending Aug. 18, 2017.