Retail sales slump in July. Cheaper gas and Amazon Prime hangover are the chief culprits.
Sales at U.S. retailers posted the largest decline in July in 14 months, but not because the economy sputtered. Americans spent less at gas stations due to cheaper fuel and bought less online after Amazon’s summer sales bonanza.
Overview
Sales at U.S. retailers posted the largest decline in July in 14 months, but not because the economy sputtered. Americans spent less at gas stations due to cheaper fuel and bought less online after Amazon’s summer sales bonanza.
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Originally published at www.marketwatch.com.
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