WASHINGTON – Retail sales grew for the sixth month in a row in October, the National Retail Federation said Tuesday. Besides increasing compared to September, October sales were also up compared to October of last year. “We are encouraged by another positive retail sales number for October — the sixth consecutive positive monthly gain —
WASHINGTON – Consumer spending in September accelerated at a faster pace than expected, with a strong rebound in apparel leading “a continuing V-shaped recovery” from the coronavirus pandemic, according to the National Retail Federation. The 1.9% increase in retail sales was more than twice the gain economists were expecting and represents the fourth consecutive monthly
WASHINGTON – Retail sales gains in August point to continued recovery from the coronavirus, the National Retail Federation said on Wednesday. “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,” NRF president and CEO Matthew Shay said
WASHINGTON — Retail sales continue to bounce back from the impact of the coronavirus pandemic, the National Retail Federation (NRF) said. Sales in July grew more slowly than in June, but the trend continued to be positive. “Retail sales for July were another positive step in the right direction as our economy continues to slowly
WASHINGTON – Retail sales continue to bounce back from the impact of the coronavirus pandemic, the National Retail Federation said Friday. Sales in July grew more slowly than in June, but the trend continued to be positive. “Retail sales for July were another positive step in the right direction as our economy continues to slowly
WASHINGTON – Despite signs that reopening businesses have begun to lift the economy, National Retail Federation chief economist Jack Kleinhenz said Monday that conflicting data makes it difficult to say how steady the comeback will be. “Optimism about the economy and retail spending is being tested daily with the spread of the coronavirus,” Kleinhenz said.
WASHINGTON – Retail sales in June posted their first year-over-year gains since February, according to the National Retail Federation. Sales were up compared to May as well as compared to last June, with gains driven by the reopening of many stores that had been shuttered by the coronavirus pandemic. COVID-19 remains a threat for the
WASHINGTON — The reopening of stores shuttered by the COVID-19 outbreak boosted retail sales in May, which were up dramatically compared to April, the National Retail Federation reported Tuesday. But sales were still way down from the same period last year. “Today’s sales report is very encouraging news at a time when we need to
WASHINGTON — Retail sales dropped almost twice as much during April as they did in March, reflecting the first full month when most stores were closed because of the coronavirus pandemic, the National Retail Federation said on Friday. The U.S. Census Bureau reported that overall retail sales during April were down 16.4% seasonally adjusted from
WASHINGTON – Stay-at-home orders are being eased and non-essential stores are reopening in many parts of the country. But the rebound in retail sales is likely to be gradual, and will vary by location, National Retail Federation chief economist Jack Kleinhenz predicted on Wednesday. “Getting back to work or shopping in a pre-virus manner is
NEW YORK — Retail sales in the United States are expected to fall 5.1% this year, according to the data and analytics firm GlobalData, which said the projected decline will amount to more than $200 billion. That will be a bigger drop than any other country in terms of total value, and as a percentage
NEW YORK — The full force of the coronavirus pandemic slammed the overall economy and the mass market retail industry in March, requiring unprecedented operational responses from chain managements and workers. While the ultimate impact of the outbreak, both on companies and on millions of individuals remains unclear, essential retailers have emerged as perhaps the