U.S. retail sales rebounded in May. A 17.7% sequential increase equated to a 13.8% year over year increase following April’s 10.5% drop. Yet, that was largely driven by food sales. Sales in major merchandise sectors including clothing and electrical stores suffered continued year over year downturns of 53.1% and 25.0% respectively. The extended slowdown leaves apparel retailers with tough choices to make regarding inventory just as the peak back-to-school season gets underway. U.S. seaborne imports of apparel fell by 46.1% year over year in May, potentially managing inventories for that ...