U.S. retail industry sales in June increased 0.3 percent from May and 5.5 percent from the same month last year on a seasonally adjusted basis, according to a June 14 news release from the National Retail Federation.
“A solid year of growth in sales provides further evidence that retailers continue to lead the charge in the economic recovery,” NRF President and CEO Matthew Shay said in the release. “While spending continues to surpass expectations, sustained growth in the retail sector depends on a strong labor market.”
June sales results highlights:
- Clothing and clothing accessories store sales increased 0.7 percent from May and are 7.6 percent higher than June 2010.
- Sales at building material and garden equipment stores increased 1.3 percent from May and 8.5 percent from the same month a year ago.
- Electronic and appliance store sales decreased 0.2 percent from May, while sales decreased 2.3 percent from June 2010.
- Home furnishing store sales decreased both month-to-month and year-to-year at 0.8 percent and 0.2 percent, respectively.
- Health and personal care store sales decreased 0.2 percent from May but increased 3.9 percent year-to-year.
The National Retail Federation is a Washington, D.C.-based global advocacy group and retail trade association.[[In-content Ad]]
