Headlines Retail Sales Saw July Decline Overall retail sales fell 1.1 percent in July. Published 3 months ago on August 23, 2021 By INVISION Staff Share Tweet Retail sales reportedly declined 1.1 percent in July, which was worse than the anticipated decline of 0.3 percent, reports CNBC. Book stores, Musical instrument and sporting goods stores had a sales decrease of 1.9 percent, and clothing took a 2.6 percent dip. Car and motor vehicle parts dealers’ sales fell 3.9 percent. Online sales also had a decline of 3.1 percent. Despite this, food and beverage sales were up 1.7 percent and gas sales saw a 2.4 percent increase. Restaurants and bars also had a 38.4 percent increase in sales from this time a year ago. “Although retail sales fell in July, the outlook for consumer spending remains positive … However, spending growth will shift from goods to services over the next couple of years, limiting growth in most categories of retail sales,” says Gus Faucher, Chief U.S. Economist at PNC, CNBC reports. Related Topics:Latest News Topretail click to Comment(Comment) Up Next Warby Parker Sued by 1-800 Contacts; Trademark Infringement Alleged Don't Miss SimplyEV Parent Acquires Kimoa Brand, Plans 50 US Stores INVISION Staff Since launching in 2014, INVISION has won 23 international journalism awards for its publication and website. Contact INVISION's editors at [email protected]. SPONSORED VIDEO Shamir Glacier Plus Metaform: Stronger. Thinner. Lighter. It’s time for a new compromise-free lens technology that completely changes our concept of what's possible. Glacier Plus™ Metaform enables customers to enjoy strength and safety alongside the aesthetics of thin and light lenses. Now Available: The next technical revolution in the world of optics. You may like VSP Global Premier Program Partners with Optify Stumped on Holiday Gifts for Your Eye Loving Loved Ones? We Got You Covered! Big Survey: Most ECPs Still Expect to be Working Past 65 Promoted Headlines Recommend a Simple Solution for Your Patients’ Daily Dry Eye Challenges Alcon See What’s Possible with EssilorLuxottica 360 EssilorLuxottica Shamir Glacier Plus Metaform: Stronger. Thinner. Lighter. Shamir Lens Advertisement Latest Trending Videos Press Releases11 hours ago VSP Global Premier Program Partners with Optify Tools and Equipment20 hours ago Stumped on Holiday Gifts for Your Eye Loving Loved Ones? We Got You Covered! The Big survey20 hours ago Big Survey: Most ECPs Still Expect to be Working Past 65 Press Releases1 day ago Thomas Eye Group Announces Acquisition of Georgia Optometry Group Press Releases1 day ago SCSU, Eye-Kraft and Sand Celebrate DEED Workforce Grant Signing Photo Gallery2 weeks ago 16 Painfully Relatable Memes About Working Holiday Retail Sponsored Content2 weeks ago Shamir Glacier Plus Metaform: Stronger. Thinner. Lighter. Photo Gallery1 week ago 12 Images That Show Why Spectrum Eye Care in Hamilton, ON, Was Named One of (North) America’s Finest Optical Retailers Headlines4 weeks ago FDA Approves VR Headset for Amblyopia Treatment Headlines3 weeks ago Warby Parker Will Soon Have 161 Stores Sponsored Content2 weeks ago See What’s Possible with EssilorLuxottica 360 INVISION Podcast2 months ago INVISION Podcast New Season: Dee Talks With Dr. Diana Canto-Sims on the Challenges of Serving the Nation’s Largest Ethnic and Racial Minority Press Releases2 months ago Global Vision Campaign Seeks to Achieve 1M Vision Screenings and Eye Exams for World Sight Day Sponsored Content3 months ago Introducing the VariluxⓇ Challenge Press Releases4 months ago Sun Pharma Launches 4th ‘Dry Eye Gets Personal’ Video Campaign Advertisement SubscribeBULLETINS Get the most important news and business ideas for eyecare professionals every weekday from INVISION. Advertisement Most Popular Photo Gallery1 week ago 12 Images That Show Why Spectrum Eye Care in Hamilton, ON, Was Named One of (North) America’s Finest Optical Retailers The Big survey3 days ago So Overrated! ECPs Tell Us the Top 10 Things About The Profession That Don’t Deserve the Hype The Big survey1 week ago For ECPs, Vaccination Status is Still a Pain Point Sponsored Content4 days ago Recommend a Simple Solution for Your Patients’ Daily Dry Eye Challenges Headlines2 days ago New Look Vision Acquires Luxury Optical Holdings The Big survey1 week ago ECPs Offer Predictions for the ‘Next Big Thing’ in Optical Products Headlines1 week ago Distance Education Doctor of Optometry Program Planned as NECO Partners with Noodle Tools and Equipment20 hours ago Stumped on Holiday Gifts for Your Eye Loving Loved Ones? We Got You Covered!