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Retail sales impress with a boost from Amazon Prime Day

Published 08/15/2017, 08:47 AM
© Reuters.  Retail sales impress with a boost from Amazon Prime Day
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  • Retail sales rose to their highest level since December during July as positive growth was seen in grocery stores, health/personal care stores, general merchandise stores, auto dealers and the food services category. The nonstore retailers category led the way with 1.8% M/M and 11.5% Y/Y growth, likely influenced heavily by the Amazon (NASDAQ:AMZN) Prime Day event.
  • Flying under the radar was a notable adjustment in June sales to a 0.3% M/M gain from a 0.2% drop that raised some eyebrows at the time.
  • Retail sales rose 4.2% in July on a year-over-year comparison.
  • Previously: Retail Sales (Aug. 15)
  • ETFs: XLY, XRT, VCR, RTH, RETL, FDIS, IYC, FXD, SCC, UCC, RCD, PMR, FTXD, CNDF, JHMC.
  • Keep an eye on Target (NYSE:TGT) and Wal-Mart (NYSE:WMT) ahead of their earnings reports this week as the retail numbers are digested.
  • Now read: Target - Amazon-Whole Foods Tie-Up Should Be A Drastic Wake-Up Call


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