Good News for Macy's: Retail Spending Keeps Rising
On Sep. 16, the U.S. Department of Commerce released retail sales data for August. The figures revealed a consumer with a healthy appetite for spending, and overall sales increased from the prior month and the previous year.
And in some great news for Macy's (NYSE: M), spending on clothing and accessories grew faster than the overall rate. August being the first month in Macy's fiscal third quarter -- which the company is yet to report -- the Department of Commerce sales numbers indicate another solid quarterly report for Macy's shareholders.
Image source: Getty Images.
Source Fool.com
