Daily Price Movement / General Discussion, page-16366

You know people can use Zip/Quadpay on services yeah? And there's a bit more to the story than you're letting on -

US retail sales fell 1.3% in May, the Census Bureau said Tuesday. Economists surveyed by Bloomberg held a median estimate for a 0.7% decline. The decline places monthly sales at $620 billion and just below the record-high seen in April.

The April sales data was revised higher to a 0.9% jump from an initially unchanged reading.

While sales sit lower than the previous total, they’re still up 28% year-over-year and 18% from pre-pandemic highs. The May 2020 sales report showed spending surge as stimulus included in the $2.2 trillion CARES Act revived economic activity. It also marked the largest one-month sales jump in data going back to 1992.

Spending in the clothing and accessories industry was up 200% year-over-year, while sales at food services and bars sat 71% higher from the year-ago period.