July retail sales were up 0.4 percent from June and 4.9 percent year-over-year, giving the industry a solid kickoff for the third quarter and backing up NRF's revised forecast that sales will grow at least 4.5 percent for the year.
June retail sales were up 0.07 percent seasonally adjusted from May’s strong performance and increased 4.2 percent unadjusted year-over-year as economic growth continued despite the U.S. trade war with China and other countries, according to NRF.
March retail sales increased 0.3 percent seasonally adjusted over February and 5 percent year-over-year as the economy continued to grow despite market volatility, unseasonable weather and uncertain economic policies, according to NRF.
Retail sales in October increased 0.1 percent over September seasonally adjusted and were up 4.3 percent year-over-year, according to NRF. The numbers exclude automobiles, gasoline stations and restaurants.
After months of record-setting volume as retailers stocked up for a busy holiday season, imports at the nation's major container ports should be essentially flat this month, according to the monthly Global Port Tracker report released by NRF and Hackett Associates.
Imports set a second all-time monthly record high this summer as retailers brought in merchandise for the busy holiday season, and are continuing at unusually high levels this month, according to the monthly Global Port Tracker report released by NRF and Hackett Associates.