Monthly hardlines spending snapshot: June improved across most categories

Research evidence excerpt

Monthly hardlines spending snapshot: June improved across most categories

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Retailing - Hardlines and Broadlines

Monthly hardlines spending snapshot: June

improved across most categories

Industry Overview

General merchandise spending eased vs. May 10 July 2026

Total retail spending (excluding gas) increased 4.6% in June, according to BAC Equity

aggregated credit and debit card data, compared to 4.3% in May. General merchandise United States

spending eased to +4.4% in June versus +5.5% in May however we note a pickup in Retailing - Hardlines and Broadlines

online general merchandise spend at the end of June (see inside for weekly trends) likely

given the shift in Amazon’s Prime Days (and other competitor sale periods) into June

compared to July last year. Grocery spending declined 0.8% in June from +1.5% in May.

Note gas prices fell by about 10% on average from May to June. See the latest BofA on

USA report for methodology, limitations, and disclaimers related to BAC aggregated

credit and debit card data and broader retail trends.

Christopher Nardone

Hardlines spending largely improved in June ResearchBofAS Analyst

The housing categories we track improved sequentially in June except for roofing & +1 646 743 2016

siding and furniture (although online furniture spending accelerated to +7.5% in June). christopher.nardone@bofa.com

Home improvement spend (a proxy for DIY) improved to +2.5% in June from -1.4% in Madeline Cech Research Analyst

May. Housing related services spend (a proxy for Pro) accelerated to +8.4% from +1.5% BofAS

in May. Both were led by performance in the Northeast. Notably, CE & hobby retail +1madeline.cech@bofa.com646 855 5219

spending remained robust in June, +9.8%. See Exhibits 1-43 below for a detailed