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Report: Total U.S. retail sales for July up 8.7% year-over-year
Purchase, N.Y. -- A report released Thursday by MasterCard Advisors said that total retail sales in July sustained momentum despite inconsistencies in other areas of the economy.
According to MasterCard SpendingPulse, which tracks national retail and service sales, excluding auto sales retail sales in July 2011 grew by 8.7% year-over-year.
Retail sales are on par with the average growth of the previous three months.
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Family Dollar hits a major milestone
MEMPHIS, Tenn. — Family Dollar opened its 7,000th store Thursday, further cementing the dollar-store channel as an area of rapid growth.
The store is located in Memphis, Tenn., and features a green building design and a spacious layout for an optimal shopping experience, the company reported.
To commemorate the opening of its 7,000th store in Memphis, Family Dollar completed the celebration with the $7,000 donation to the Mid-South Food Bank, along with cans of food donated by members of the local community.