Retail Sales Rise 0.6% In August first appeared on Floating Path
Retail and food services sales for August, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $444.4 billion.
This is up 0.6% from July’s sales, and follows six consecutive months of increases. Retail sales are up 5.0% from August 2013.
In a rare interview with Harvard Business School that was published online earlier this month, (it has since been taken down) value investor Seth Klarman spoke at length about his investment process, philosophy and the changes value investors have had to overcome during the past decade. Klarman’s hedge fund, the Boston-based Baupost has one of Read More
Sales increased the most in August for miscellaneous retailers, rising 2.5%. Gas and general merchandise were the only two categories to see decline, and only gas has declined from a year ago.