June retail sales were stronger than economists projected, although e-commerce showed continued gains.
June sales among non-store retailers, a category dominated by e-commerce, rose 8.9 percent from a year earlier — leading it to growth of 8.5 percent for the first half.to Walmart to the online businesses of other brick-and-mortar stores — are still picking up much of the industry’s growth.
Apparel and accessories specialty stores rose 4.3 percent from a year earlier and department store sales ticked up 1.7 percent. Market observers are increasingly watching to see just when the Fed starts to cut interest rates, which would give consumers a boost. Between the economy and the continued gains of e-commerce and other changes in shopping preferences, some elements of the IRL retail world continue to struggle.
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