July 2024 Retail Sales Spike. What Does It Mean for Hiring?

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The July 2024 retail sales report showed revenue soaring to $709.7 billion, up 1.0% from June and 2.7% year-over-year. This unexpected jump, paired with conflicting economic indicators, presents both opportunities and challenges for recruiters. As e-commerce booms and traditional retail holds steady, you must maintain flexible strategies that can quickly adapt to industry trends and sudden market swings.

Key Retail Sectors to Watch E-commerce: Nonstore retailers surged 6.7% annually,

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