Summer Retail and Food Services Sales Up 2.4% From 2019

Clothiers and fashion accessory stores, however, continue their dramatic slide

Be among trailblazing marketing pros at Brandweek this September 23–26 in Phoenix, Arizona. Experience incredible networking, insightful sessions and a boost of inspiration at ADWEEK’s ultimate brand event. Register by May 13 to save 35%.

In spite of recent positive news out of the U.S. Bureau of Labor Statistics—non-farm payroll employment rose by 1.4 million and the unemployment rate fell by 8.4% in August—advance estimates of retail and food services for the month seem to suggest that Americans are spending cautiously as the threat of Covid-19 and major economic fallout still looms.

While the U.S. Census Bureau’s advance August 2020 sales report shows a year-over-year increase of 2.6% compared to August 2019, and a month-to-month increase of 0.6%

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in