Retail Sales Rose in August
Retail sales in the U.S. rose 0.5 percent in August from the month before, the National Retail Federation said Tuesday. The group also said that the number rose 3 percent over the same month in 2009.
The U.S. Commerce Department put the total retail sales increase- which, unlike NRF's estimate, includes autos, gas and restaurants- at 0.4 percent from July, and 3.5 percent over last year.
"Most Americans are in a much better financial position than a year ago, but they are still spending cautiously, looking for bargains and comparing prices before buying,” NRF President and CEO Matthew Shay said as part of the announcement. “After leveraging aggressive promotions to bring in back-to-school shoppers, retailers are putting the finishing touches on promotions and pricing for the upcoming holiday season.”