Summer Retail and Food Services Sales Up 2.4% From 2019

Clothiers and fashion accessory stores, however, continue their dramatic slide

Advance estimates of U.S. retail and food services sales for August 2020 were $537.5 billion. Getty Images

In spite of recent positive news out of the U.S. Bureau of Labor Statistics—non-farm payroll employment rose by 1.4 million and the unemployment rate fell by 8.4% in August—advance estimates of retail and food services for the month seem to suggest that Americans are spending cautiously as the threat of Covid-19 and major economic fallout still looms.

@monicroqueta Mónica is a breaking news reporter at Adweek.