Retail sales rebounded in June as U.S. consumers stepped up their spending—selectively.
According to a Commerce Department report released Friday, total retail trade sales were up 0.7% from May 2016 and up 2.4% from last year. But sales at clothing and clothing accessories stores decreased 0.9% year-over-year to $21.1 billion, also signaling a 1 percent drop from May.
Meanwhile, general merchandise stores reported a 0.2% decline in sales compared to June 2015 to $56.1 billion, but this was a 0.4% improvement versus the prior month. Within that category, department store sales were $13.2 billion—down 3.7% year-over-year but up 0.7% from May.
Nonstore retailers, which include e-commerce sellers, were the real success story last month. Bringing in $47.9 billion, sales were up 14.2% year-over-year and 1.1% from May.
Swedish fast-fashion chain H&M also released June 2016 results on Friday, reporting that sales (including VAT) rose 8 percent in local currencies compared to the same month in 2015. However, the retailer did not specify how much of that increase was down to sales at stores open for more than one year, and it’s worth noting that H&M had 453 more locations on June 30 than it did last year.
LevaData is tapping the power of AI to make strategic sourcing and procurement more seamless for apparel industry members.Read more
Samples, it seems, may soon end up on the endangered list if 3D modeling technology continues to improve and provides the industry with a way to cut down production timelines.Read more
Abercrombie & Fitch continues to rely on Hollister gains, while positioning the Abercrombie brand for similar success. Gap sales up on Athleta, Old Navy performance.Read more
The domestic textile industry and apparel importers have often been on opposite sides of U.S. trade issues, but in today’s political climate they seem to have found some common ground.Read more
U.S. employers added 261,000 jobs in October, pushing unemployment down to the lowest rate since the halcyon days of late 2000.Read more
While everyone’s been focused on the "retail apocalypse," the real story to emerge from 2017 might be the strange bedfellows that have emerged as everyone tries to plot a course forward. The recent partnership between Walmart and Lord & Taylor is the latest to get people talking.Read more
J.W. Anderson’s chief executive, Simon Whitehouse, is exiting the company, plus Dick's Sporting Goods tapped Paul Gaffney as its new CTO.Read more