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Strong Economy Pushes Retail Sales to 6-Month High

Join Theory, Google, H&M, McKinsey, Foot Locker, Lafayette 148, LL Bean, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

Retail sales totaled $501.97 billion in May, a 0.8% increase over the prior month, according to the U.S. Census Bureau. The performance bested last May by 5.9%. The increase marks the largest gain in the last six months. It also beat economists’ estimates of a 0.4% improvement, according to Reuters. The increase bodes well for…

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