Retail sales stay flat in July
After several months of increases, U.S. retail sales fell flat in July as motor vehicles and parts sales fell 0.2%.
The Commerce Department reported advance estimates of U.S. retail and food services sales of $439.8 billion, adjusted for seasonal variation and holiday and trading-day differences. This compares to a preliminary estimate of $439.9 billion last month, though July’s figure is up 3.7% year-over-year.
Additionally, total sales for the May through July 2014 period were up 4.2% over last year.
Building material and garden equipment & supplies dealers (NAICS 444) were up 0.2% for the month and 5.1% for the year.
Across other industries, department stores suffered the worst monthly sales decline, losing ground by 0.7%. Miscellaneous store retailers led the pack at an increase of 0.9%, followed by both clothing & accessory stores and health & personal care stores at 0.4%.
Arrow fires up with Remington
Remington Arms Company, a leading U.S. firearms and ammunitions manufacturer, introduces the Remington T55R target tacker and 505R staples, developed in partnership with Arrow Fastener Company, the creator of the classic T50 stapler.
“The Remington branded stapler and staples offer an excellent opportunity for repeat sales and add-on purchases,” the company said in a press release.
The Remington-branded product features steel construction, hardened steel working parts and a jam resistant mechanism. It is designed for an easy squeeze double leverage operation and features a visual staple refill window.
The Remington T55R is designed for fastening targets at the range or in the field, hunting blind construction, securing netting and camouflage as well as general household repairs.