Washington, D.C. — A report released Thursday by the National Retail Federation, which expanded on earlier news by the U.S. Commerce Department, showed that warm weather, reduced gas prices and strong Father’s Day promotions helped power retail sales for the 12th consecutive month and past Wall Street expectations.
According to the NRF, retail industry sales (which exclude automobiles, gas stations, and restaurants) in June increased 0.3% seasonally adjusted from May and 5.5% unadjusted year-over-year.