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.
Invista and its partner, Solvay, will deploy new technology for nylon expected to substantially improve the production process.Read more
Target is growing its private label lines and tapping into consumers’ wellness-focused wardrobes with its new performance activewear brand, JoyLab.Read more
What to expect for Autumn/Winter 2018-19 denim, plus trendsetting consumers want denim to push boundaries.Read more
European companies are improving their supply chains—and it has almost everything to do with company culture.Read more
Global container freight rates continue to be depressed by demand, despite some recent upticks.Read more
How do global companies and supply chains plan for inevitable but unpredictable disruptions, and how can they mitigate the damage?Read more
As advances in technology and changing trade patterns affect opportunities for export-led manufacturing, innovations such as smart automation, advanced robotics and 3-D printing are increasingly influencing which locations are attractive for production.Read more