5 Stocks to Buy as Retail Sales Hold Steady Amid Price Pressures

The retail sector has shown immense resilience amid price pressures and higher borrowing costs. Sales held steady in June, totaling $704.3 billion, ahead of expectations of a decline of 0.3%, the Commerce Department said last week.The solid performance follows an upwardly revised 0.3% jump in retail sales in May. Year over year, retail sales grew 2.3% in June.Online sales rose 1.9% in June after increasing 1.1% in May. Gasoline prices dropped last month, resulting in a 3% drop in sales at gas stations. Howe ...