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The Commerce Department released July's retail sales last week, showing an increase in seasonally adjusted retail spending - up 1.2 percent overall last month, but down from the 8.4 percent growth in June. Analysts reported that physical retail sales, seasonally adjusted, were up 2.7 percent overall in a trailing 12-month period, and that businesses had mostly recovered all of the losses that had been incurred in the March-through-May lockdown.
What we see in those numbers are the glimmers of a "V-shaped" recovery in those segments where consumers really value and want to return to the