You be the judge, here is an excerpt from the article.
Spending at U.S. retailers stalled in July, the latest worrisome sign that consumer demand remains fragile despite steady recent improvement in the nation’s labor market.
Retail and food services sales were essentially unchanged last month from June when adjusted for seasonal variation, the Commerce Department said Wednesday. Americans spent more on food and clothing, but scaled back purchases of automobiles and at department stores.
Excluding autos, retail sales ticked up 0.1% in July from the prior month. Economists surveyed by The Wall Street Journal had expected sales to rise 0.2%, and climb 0.4% excluding autos.
July was the weakest reading for retail sales since January, when spending slid as winter storms kept shoppers at home across much of the U.S.
- The Beginning of the End of Brick and Mortar Retail, by Phil Masiello, CommerceShift.com, August 13, 2017.
3. Amazon.com, the largest online retailer in the world, is looking to open its first brick-and-mortar store -- in New York City -- just in time for the holiday shopping season.
The company, which is reportedly opening the store on Manhattan’s busy 34th Street, is looking to experiment with a retail store that would focus on same-day delivery in the city, as well as give customers a place for product returns, exchanges and even online order pickups, according to a report in the Wall Street Journal.
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