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Culprits Emerge in July’s Retail Sales Slowdown

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

Amazon Prime Day and persistent shipping and supply-chain bottlenecks might be the culprits behind July’s retail sales slowdown. In the U.S., retail sales dipped 1.1 percent last month from June, but still came in 15.8 percent year over year, according to the U.S. Census Bureau’s seasonally adjusted data. What’s more, the decline was more pronounced…

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