国内看暑期，出海观风云

Summary of Conference Call Transcript Industry Overview - The retail sector has experienced a significant decline in performance, with May showing a year-on-year growth of 3.6% in retail sales, which dropped to 1.5% in June, marking one of the lowest levels in the past year [1] Key Points and Arguments - The decline in retail sales indicates a potential slowdown in consumer spending, which could impact various categories within the retail industry [1] - The data from the first five months of the year suggests that the previous growth rates may not be sustainable moving forward [1] Additional Important Content - The drop in retail sales growth could signal broader economic challenges that may affect investor sentiment and market dynamics [1]