Ecommerce Surge: US retail e-commerce sales for Q2 2017 jumped 16.2% over the year-ago quarter, the Commerce Department reported. Ecommerce was up 4.5% over Q1. Meanwhile, total retail sales were up 4.1% over the year-ago quarter, a 0.5% sequential increase.
Earnings Recap: Bon-Ton joined a list of department stores posting comparable-store sales declines. Comparables fell 6.1% in the fiscal second quarter, as overall revenue declined 7%.... Stage Stores said comparables slipped 3.5%, a considerably smaller decline than in previous quarters.... Teen clothing retailer The Buckle said same-store sales declined 7.7% and digital sales slipped 4.5%. Overall sales were down 7.8%, it said... Value fashion retailer Cato reported comparables declined 14% for an overall 13% sales drop.
Admirable Restaurateurs: Restaurants emerged as the most highly esteemed industry in the US, according to a Gallup poll. Some 72% of US consumers had a positive or somewhat positive view of the restaurant industry, an increase of 6 percentage points over 2016. The grocery industry was also among the top scoring industries, at 60%. The retail industry won over only 52% of the respondents.
Remind Me Again: Retailers' back-to-school messaging isn't registering with parents as much as it did last year. According to YouGov BrandIndex, ad awareness scores for most top retailers have dropped this year. Walmart has the top score this year, at 41.9%, but at this time last year, YouGov said, it scored 50%.