Retail sales rose 1.8% in the week ended August 11, after a 2.0% increase the week before, according to the weekly retail sales report released by Johnson Redbook Tuesday.
Month-to-date, August was up 1.9% compared to August of last year (relative to a target of a 1.7% gain). Month-over-month showed a 0.3% drop (relative to a target of a 0.5% drop).