Retail Sales Soar 1.3 Percent in April, Crushing Estimates
U.S. April retail sales rose 1.3 percent in April, according to a report from the Census Bureau on Friday, beating estimates of 0.9 percent.
U.S. April retail sales rose 1.3 percent in April, according to a report from the Census Bureau on Friday, beating estimates on 0.9 percent. Core sales, excluding autos, rose 0.8 percent. TheStreet's Scott Gamm speaks with David Lebovitz, global markets strategist at J.P. Morgan Funds to discuss the state of the consumer. Lebovitz also shares his outlook for the retail sector, amid dismal first quarter results this week from J.C. Penney (JCP) - Get Report , Nordstrom (JWN) - Get Report , Kohl's (KSS) - Get Report and Macy's (M) - Get Report .
