US retail sales drop 0.3% in May vs 0.1% increase expected

1. RETAIL SALES – UNITED
STATES – MAY 2017
PAUL YOUNG CPA, CGA
JUNE 16, 2017

2. PAUL YOUNG - BIO
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. AGENDA
• Retail Sales / Summary
• Retail Sales / Key Sectors

4. KEY HEADLINES / USA RETAIL SALES

5. RETAIL SALES / SUMMARY
Source - https://www.census.gov/retail/marts/www/marts_current.pdf

6. RETAIL SALES / KEY SECTORS
Source - https://www.census.gov/retail/marts/www/marts_current.pdf

7. AMAZON AND WALMART
Source - https://www.nytimes.com/2017/05/18/business/walmart-online-sales-jump-63-percent.html?_r=0

8. USA RETAIL STORE CLOSURES
Source - http://clark.com/shopping-retail/major-retailers-closing-2017/

9. USA RETAIL SALES / SUMMARY
• Retail sales are 2/3 of GDP. The retail sales are averaging 1.3% growth which means GDP maybe slowing
down in the USA
• Trump was not able to get major reforms pass as part of Trump’s economic plan
• eCommerce continues to put pressure on brick and mortar stores.