Retail sales breakdown: Winners and losers as consumers lean away from big-ticket items

abstract blurred background of Department store

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Retail sales disappointed in May with a 0.1% month-over-month falling short of the consensus expectation for a 0.3% rise. On a year-over-year comparison, retail sales rose just 2.3%.

Categories that showed weakness included furniture & home furnishing stores (-1.1% M/M, -6.8% Y/Y) as the outlook for big-ticket

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