Dive Brief:
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Fewer retailers these days are reporting same-store sales, but those that do overall saw increases in June sales, thanks to good weather and promotions luring customers in.
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Retailers like Costco that sell gas benefited from higher gas prices. The retailer beat estimates with a 6% boost in same-store sales last month.
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Overall, retail sales missed some estimates, but many had a healthy June. The struggling teen clothing segment beat most estimates, which was attributed to back-to-school sales.
Dive Insight:
Retailers for months have blamed the sluggish sales on a brutal winter but even with clear skies, traffic is slow and discounts remain necessary. Last week, home goods retailer The Container Store blamed its poor showing on a “retail funk,” holding customers back despite a healthier economy.