Retail sales rise for 4th straight month as growth slows
Read full article: Retail sales rise for 4th straight month as growth slowsRetail sales rose 0.6% last month, the fourth consecutive month of growth, the U.S. Commerce Department said Wednesday. Retail sales have been recovering after they plunged in April and March as clothing stores and malls closed due to the spread of the coronavirus. Bargain chain Century 21 said last week it's shutting down all of its 13 stores for good after nearly six decades in business. Target and Walmart stayed open during the pandemic and became a lifeline for Americans stocking up on toilet paper and groceries. Consumer spending makes up two-thirds of all economic activity in the U.S., and is monitored closely by economists gauging the nation's economic health.