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Industry News

U.S. retail sales climbed 5.1 percent last week: Report

August 7, 2019

U.S. retailers reported an uptick in sales in late July and early August.

Same-store sales grew by 5.1 percent for the week ended Aug. 3, according to Econoday's Redbook — up from the previous week's pace of 4.5 percent. The data indicate strong levels of consumer demand in line with the 4.3 percent increase in consumer spending for the second quarter.

By Brannon Boswell

Executive Editor/SCT

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