Good News for Macy's: Retail Spending Keeps Rising

On Sep. 16, the U.S. Department of Commerce released retail sales data for August. The figures revealed a consumer with a healthy appetite for spending, and overall sales increased from the prior month and the previous year. 

And in some great news for Macy's (NYSE: M), spending on clothing and accessories grew faster than the overall rate. August being the first month in Macy's fiscal third quarter -- which the company is yet to report -- the Department of Commerce sales numbers indicate another solid quarterly report for Macy's shareholders.

Image source: Getty Images.

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Source Fool.com