Retail sales climbed 6.7% in June, with specialty fashion stores up 4.8%. Despite economic concerns, consumer spending shows resilience.

“Over the past few months, value shopping has gained traction as household budgets have come under pressure,” the Bank of America Institute said.

Shoppers slowed their spending in June from May, but excluding business at the gas pump, shoppers showed resilience despite economic uncertainty as they bought cars and took…