US retail sales rise, consumer optimism tooLucia Mutikani
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U.S. retail sales rose a seasonally adjusted 0.6% in June from the month before, the U.S. Commerce Department said Friday. The increase was a surprise to Wall Street analysts, who had expected sales to fall slightly last month. Retail sales growth has slowed since March, when stimulus che...
WASHINGTON (AP) — Americans increased their spending at retail stores and restaurants in July for a third straight month, but some evidence suggests that sales are weakening with the expiration of government rescue aid that had previously put more money in people’s pockets. The latestreport from...
Apparel saw a 3.6% increase, jewelry saw 4% increase and electronics at 3.7 % rise, per the report. Virtual event / Free to access Go deeper with an exclusive virtual event, How the 2024 Holiday Season Fared & What It Says About 2025, from the editorial team at Retail Dive. Learn ...
Sales in furniture and home furnishings stores saw a 5.6% increase, followed by 3.7% growth in electronics and appliance stores. Health and personal care stores grew by 3%, while clothing and accessories saw a 2.8% rise. General merchandise stores advanced by 2.4%, and grocery and beverage sto...
U.S. consumers were also determined to celebrate the holidays after a muted one a year ago. Still, November saw a slowdown in retail sales, in part because of the early shopping. And Omicron, which has fast become the dominant version of the virus in the United States, has now spoiled ...
U.S. retail sales rose 3.0% during this year’s expanded holiday shopping season from Oct. 11 to Dec. 24, a report by Mastercard Inc said on Saturday, powered by a pandemic-driven shift toward online shopping. U.S. ecommerce sales jumped 49% in this year’s holiday shopping season, ...
From 2013 to 2023, retail sales grew by an average annual growth rate of 5.1%. The latest data also shows that sales hit $1.83 trillion in the second quarter of 2024. This marks a fractional 0.5% rise from the previous quarter and a 2.1% annual increase. US retail sales during the ...
The Census Bureau reported Thursday that retail sales are 1.1% higher than their levels from a year ago, after a brutal plunge in March and April was offset by a decent rebound in May and June. But any gains might be short-lived as infections began to rise toward the end of June. ...