WASHINGTON – Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain, the National Retail Federation said Wednesday. “Retail sales data continues to show impressive consumer resilience,” NRF president and CEO
PURCHASE, N.Y. — U.S. consumer spending maintained its positive momentum in February, according to Mastercard SpendingPulse, which found that overall retail sales (excluding auto) increased 8.7% year-over-year and were up 17.3% compared to pre-pandemic (2019) spending levels. This is slightly above January growth. In-store spending grew 10% in February compared to the same month last
ISSAQUAH, Wash. — Costco Wholesale Corp. reported net sales of $50.94 billion for the second quarter ended February 13. Net sales for the 24-week year-to-date period increased 16.4%, to $100.35 billion, up from $86.23 billion last year. Comparable club sales increased 11.3% in the United States (excluding the impacts from changes in gasoline prices and
PURCHASE, N.Y. — U.S. retail sales grew 4.6% in February despite winter storms that blasted much of the country, according to Mastercard SpendingPulse. Online sales grew 54.7% compared to 2020. Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, notes that its sales figures for February were adjusted to account
WASHINGTON — U.S. retail and food services sales for February 2020 were $528.1 billion, a decrease of 0.5% from the previous month, according to the U.S. Department of Commerce. That is the biggest monthly sales drop in more than a year. Sales were up 0.6% in January. The February sales falloff was the largest since