David Schick, retail analyst at Stifel Nicolaus, told CNBC’s “Morning Call” that retail sales continue to be split between home and non-home expenditures.
“Everything in and around the home has been impacted –- home improvement and home furnishings,” Schick said. “Things outside the home are generally OK. I think May’s numbers suggest that. Late May is maybe a little better than early May in some cases. We haven’t seen much change, but that trend –- home vs. non-home (spending) –- has been in place for some time.”