Late Labor Day Could Shift Some Spending into September
Dow Jones
Sep 16
1010 ET - August's retail sales were stronger than July's, rising 1.2%. However, a late Labor Day this year could push some store sales into the next retail sales print. Spending recovered from declines in gasoline station receipts and motor vehicle sales as promotional calendar distortions faded, wrote analysts at William Blair. "These tailwinds were partly offset by an unusually late Labor Day, which delayed portions of the back-to-school shopping season and likely shifted some spending into September," they wrote.
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