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For instance, clothing and accessory store sales were up 18.3% Results in other categories included: Sporting goods stores: Up 23.5% YoY; Furniture and homefurnishingsstores: Up 5.9% YoY; Building materials and garden supply stores: Up 12.1% YoY; Electronics and appliance stores: Up 10.5%
While August retail sales numbers were a bit mixed, we believe the consumer is resilient and is in good shape as we head into the holiday season,” said Matthew Shay, President and CEO of NRF. Individual sales results from the retail sectors NRF examined for August include: Clothing and clothing accessory stores: Up 2.9%
WASHINGTON – Retail sales slowed in May as consumers faced continuing inflation and higher prices for essentials like food and gasoline, the National Retail Federation said Wednesday. Health and personal care stores were down 0.2% Furniture and homefurnishingsstores were down 0.9% Sporting goods stores were up 0.4%
WASHINGTON – Core retail sales as calculated by the National Retail Federation rose in July even as overall sales reported by the Census Bureau remained flat on a monthly basis, and both calculations showed strong year-over-year gains as consumers kept shopping despite high inflation, NRF said Wednesday. percent unadjusted year over year.
Consumers are being thoughtful about their spending, prioritizing non-discretionary purchases as they continue to face high interest rates and lingering inflation,” NRF President and CEO Matthew Shay said. General merchandisestores were up 0.61% month over month seasonally adjusted and up 5.79% year over year unadjusted.
WASHINGTON – Reports out today on retail sales in September show that consumers have retained the ability and willingness to spend despite accumulating economic headwinds from higher interest rates and slowing growth, according to the National Retail Federation. unadjusted year over year. • Online and other non-store sales were up 1.1%
Retail sales rebounded in April, reflecting consumer resilience in the face of elevated economic uncertainty,” NRF President and CEO Matthew Shay said. Moderating price levels, continued labor market strength and wage gains have increased consumers’ ability to spend. Health and personal care stores were up 0.9% year over year.
“We closed out the year with outstanding annual retail sales and a record holiday season, which is a clear testament to the power of the consumer and the ingenuity of retailers and their workers,” NRF President and CEO Matthew Shay said. Sporting goods stores, up 20.9 General merchandisestores, up 15.2 percent.
WASHINGTON – Consumers continued to spend in March despite price hikes driven by a four-decade high in inflation, according to economic data released today. The latest Consumer Price Index showed an 8.5% Consumers are adapting and shopping smarter for themselves and their families. General merchandisestores were up 5.4%
Consumer spending was remarkably resilient throughout 2023 and finished the year with a solid pace for the holiday season,” said NRF chief economist Jack Kleinhenz. from 2010 to 2019, despite 2023’s slower growth rate compared with the past three years, when trillions of dollars of stimulus propped up consumer spending.
“We closed out the year with outstanding annual retail sales and a record holiday season, which is a clear testament to the power of the consumer and the ingenuity of retailers and their workers,” NRF President and CEO Matthew Shay said. Sporting goods stores, up 20.9%. General merchandisestores, up 15.2%.
“June retail sales confirm that while the economy may be cooling, consumers remain on solid footing and are spending on household priorities,” NRF president and CEO Matthew Shay said. Jobs aren’t growing as fast as they were, but employment is by no means in a slump, and if consumers have jobs, they have the willingness to spend.
Consumers shopped in record numbers and retailers delivered positive holiday experiences to inflation-wary consumers, offering great products at more promotional price levels to fit their stretched budgets. The bottom line is that consumers are still engaged and shopping despite everything happening around them.”
WASHINGTON – Retail sales rose again in May as consumers continued to spend despite economic challenges, the National Retail Federation said on Thursday. Consumers continued to spend on household priorities in May, supported by gains in the job market and wages,” NRF President and CEO Matthew Shay said. Sporting goods stores were up 0.3%
“Despite inflationary headwinds, January retail sales show the resiliency of consumers in how they manage their budgets and make decisions on how, when and where to spend their hard-earned dollars,” NRF President and CEO Matthew Shay said. Consumer spending clearly picked up after the holidays,” NRF Chief Economist Jack Kleinhenz said.
“As inflation for goods levels off, March’s data demonstrates steady spending by value-focused consumers who continue to benefit from a strong labor market and real wage gains,” NRF President and CEO Matthew Shay said. “In Health and personal care stores were up 0.03% month over month seasonally adjusted and up 4.5%
Consumer spending continues to drive economic growth and retail sales increases, though we see some moderation in spending as consumers continually search for value,” National Retail Federation president and CEO Matthew Shay said. A shift in the timing of Easter appeared to be the reason for the year-over-year decline.
WASHINGTON – The omicron variant, inflation and bad weather in much of the country were not enough to stop consumers from shopping in January, the National Retail Federation reported on Wednesday. Despite all that, consumers ramped up spending even after a record-breaking holiday season.”. Grocery and beverage stores were up 1.1%
More importantly, year-over-year growth was solid, showing consumers are still optimistic and willing to act on the spending power brought by growing employment and wages. Grocery and beverage stores were down 0.2% General merchandisestores were down 0.64% month over month seasonally adjusted but up 1.14% year over year unadjusted.
“Continued easing of inflation and the overall strength of the job market and wages are keeping the fundamentals of the consumer economy strong and should support their ability to spend on household priorities through 2023. Sporting goods stores were up 0.2% Furniture and homefurnishingsstores were down 1.2%
Consumers continued to spend on household priorities and holiday gifts for loved ones this November despite continued inflation and rising interest rates,” NRF President and CEO Matthew Shay said on Thursday. Sporting goods stores were down 0.6% General merchandisestores were down 0.1% unadjusted year over year.
February retail sales indicate continued momentum from consumers.” Clothing and accessories stores were up 0.51% month over month and up 8.05% year over year unadjusted. Grocery and beverage stores were up 0.99% month over month and up 5.29% year over year unadjusted. NRF president and CEO Matthew Shay said.
Retail sales data continues to show impressive consumer resilience,” NRF president and CEO Matthew Shay said. Despite all that’s been thrown at them including inflation, supply chain constraints, market volatility and significant geopolitical events, consumers remain able and willing to spend. General merchandisestores were down 0.2%
While there are downside risks related to labor shortages, supply chain bottlenecks, tax increases and over-regulation, overall, households are healthier, and consumers are demonstrating their ability and willingness to spend. There is still pent-up demand for retail goods and consumers are likely to remain on a growth path into the summer.”.
WASHINGTON – Consumers’ willingness to spend overcame inflation again in August as more jobs and higher wages helped ease some of the pressure of continuing high prices, the National Retail Federation said on Thursday. As we gear up for the holiday season, consumers are seeking value to make their dollars stretch.
“Retail sales data for October reflects the enduring strength of consumers’ finances and willingness to spend as the holiday season gets underway,” NRF President and CEO Matthew Shay said. Today’s numbers show that consumers are getting a jump on their holiday shopping. Sporting goods stores were up 1.5%
WASHINGTON – Retail sales continued to grow in November, putting the 2021 holiday season on the home stretch for record spending despite inflation, supply chain disruptions and COVID-19, the National Retail Federation said Wednesday. Specifics from key sectors include: Clothing and clothing accessory stores were up 0.5% over 2020.”.
Consumers are demonstrating that when they feel safe, they are both willing and able to spend and are driving the economy forward. The economy and consumer spending have proven to be much more resilient than many feared a year ago,” NRF Chief Economist Jack Kleinhenz said. Furniture and homefurnishingsstores were down 0.7%
Many economists had expected retail sales to fall again in June as consumers took advantage of a reopening economy to spend more on services. Continued growth in June retail sales shows enduring strength in the American consumer,” NRF President and CEO Matthew Shay said. Electronics and appliance stores were up 3.3%
WASHINGTON – Retail sales rebounded with huge gains in March as government checks fattened consumers’ bank accounts and more vaccination against COVID-19 made it easier for shoppers to get out of the house and lead the acceleration of the U.S. Specifics from key retail sectors include: Clothing and clothing accessory stores were up 18.3%
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