Retail Sales Surge Again

Retail and food service sales surged for a second month, up 7.5% in June after an 18.2% jump in May, as many states came close to fully reopening their economies. The largest sales increases were seen in clothing (105%), electronics and appliances (37%), furniture (32%), sporting goods (27%), department-store sales (20%) and restaurant sales (20%). While the surge is real, the percentages are misleading because they are starting from a small base.

Sales rose above pre-crisis February levels for autos, building materials, groceries, sporting goods and e-commerce items. After socking away more savings in recent months, consumers have cash

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Painting projects surge as coronavirus shutdown keeps residents inside

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Homeowners are rapidly turning to DIY projects as they continue to abide by shelter-in-place orders to curb the spread of the coronavirus pandemic.

Approximately 44 percent of Americans have or are giving their home a fresh coat of paint within the next few months as the U.S. prepares for a prolonged coronavirus shutdown, according to J.D. Power’s 2020 Paint Satisfaction Study.

More than one-third, or about 35 percent of people, are in the process or are planning to do a home improvement

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