To beat increasing tariffs, consumers increased spending in July

Retail spending surged in July despite fears

Retail spending was robust in July as consumers snapped up summer sales and wages grew above the rate of inflation, a monitor's report said Monday.

To beat increasing tariffs, consumers increased spending in July

Spending was up in most categories except for electronics and appliances, according to the National Retail Federation.

US retail sales jump in July ahead of tariff hikes

Data from the CNBC/NRF Retail Monitor shows overall and core retail sales rose both monthly and annually, with most major categories benefiting.The post US retail sales jump in July ahead of tariff hikes appeared first on Retail Insight Network.

Retail spending jumps in July

NRF report cites impact of tariffs as sales rise 1.45%

CNBC/NRF Retail Monitor reveals strong spending in July

WASHINGTON – Retail spending rebounded in July as consumers took advantage of summer promotions ahead of impending tariffs, according to the CNBC/NRF Retail Monitor released today.“Consumer spending increased in July, driven by successful summer sales events held by many retailers and shoppers continuing to pull purchases forward ahead of tariffs,” NRF President and CEO Matthew Shay said. “Month-over-month gains were sizeable against a weaker-th…

July Retail Sales Rebound

Figures from CNBC/NRF show gains across most segments as consumers spent ahead of the latest round of tariffs