Retail sales slump. Cheaper gas and an Amazon Prime hangover are the chief culprits.
Sales at U.S. retailers in July had the largest decline in 14 months, but not because the economy sputtered. Americans spent less at gas stations due to cheaper fuel and bought less online after Amazon’s summer sales bonanza.
Sales at U.S. retailers in July had the largest decline in 14 months, but not because the economy sputtered. Americans spent less at gas stations due to cheaper fuel and bought less online after Amazon’s summer sales bonanza. This story matters for Finance & Markets readers tracking trade. Reported by marketwatch.com. Read the full original at the source link below.
Originally reported by marketwatch.com. Trade-News curates and briefs the finance & markets stories that matter. Our editorial policy →