Not Everyone Is Enjoying The Retail Sales Rally
Retail sales may have grown 2.5% year over year in May, but this growth was clearly not equally distributed. Despite this strong overall growth, department store sales actually plunged by an alarming 8.4% year-over-year, continuing a trend that has taken the stocks of companies like Macy’s, Kohl’s and Nordstrom down. On the other hand, non-store retailers (basically online retailers) showed off stupendous growth by rising 12.2% from May 2015, continuing another trend that has caused the stocks of companies like Amazon to skyrocket. The picture looks even stronger when you look at year over year growth during the past 3 months, which clocks in at 16%. The continued growth of non-store retail sales seems to be a fact of life, with the only noticeable exceptions in growth occurring during the 2007-2008 financial crisis. This growth has also started accelerating again in recent years. Read more at Yahoo Finance.
