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U.S. Retailers Make Only Some Progress on Stocks Before Holidays

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Photographer: Angus Mordant/Bloomberg

U.S. retailers gearing up for the holiday shopping season were having some success acquiring imported merchandise at the start of the peak shipping season.

The Commerce Department’s advance economic indicators report on Tuesday showed a 0.6% gain in inventories at retailers excluding motor vehicle dealers in August. Compared with a year earlier, when the nation was still contending with the fallout from coronavirus, inventories were up 10.8% after a record 11.1% year-over-year surge in July.