Retail Sales In The US Are On The Rise In June.

According to the US National Retail Federation (NRF) report, retail sales in the US grew 3.3% in June compared with the same period last year, but decreased by 0.5% compared with May.

Dallas Leather making The performance of Tandy Leather Factory Inc. is particularly prominent. Total sales in June amounted to US $5 million, up 11% from 4 million 500 thousand US dollars in the same period last year.

The J.C. Penny department, headquartered in Plano, grew 4.5% in the same store in the first 5 weeks ending July 3rd, while J.C. Penny total in the 4 week of June. Sale The amount increased from 1 billion 495 million US dollars to 1 billion 500 million US dollars in the same period last year.

NRF president and chief executive officer Matt Shay pointed out that the current data show that consumers are still cautious about shopping, but sales of some products are growing, such as electronic products, clothing and so on, while department stores are showing signs of rising performance as the return season. The homing season is also an indicator of retail consumers' assessment of consumer confidence.

Jack Kleinhenz, chief economist at NRF, said that in the past few months, retail The mild growth of the industry confirms that consumers are still waiting for the economic trend. Slow economic growth and high unemployment rate will keep consumers on a conservative attitude towards the consumption of non essential necessities.