Retail sales improved for the fifth consecutive month, following on the heels of solid GDP numbers, which reflect robust business investment gains and an improving employment landscape, reports Marcus & Millichap Research Director Hassam Nadji. Total retail sales increased 7.2% in October on a year-over-year basis. October sales reflect a mix of stronger spending on necessities, such as healthcare and utilities, up 0.7% for the month, but also on discretionary items in the electronics, appliances and non-store retailer segments, which climbed 3.7% and 1.5%, respectively.For the full report, CLICK HERE.
