Retail Sales Surprisingly Fall in April
Core retail sales dropped 0.2% in April, and “non-store” retail sales, which include e-commerce, fell 0.2%. But both saw year-over-year gains, with core sales going up 2.8% and e-commerce rising 9%. Despite the overall drop, there were “pockets of strength,” particularly in e-commerce and gas sales, which went up 4.9%.
But other categories slumped, with even home improvement growth of 1.2% a slow-down from the previous month and year. Electronics sales fell 1.3% from March, apparel and accessories sales fell 0.2% and furniture sales were flat, the government said.
Read more at Retail Dive.