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August retail rampant with rising consumer demand despite economic headwinds

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The U.S. Census Bureau today said overall retail sales in August were up 0.7% seasonally adjusted from July and up 15.1% year-over-year.

Consumer spending could see rise in wages and inflation, economic review...

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Strong consumer spending over the past year has been boosted by government stimulus programs but will rely more on the labor market and job creation as the benefits of those efforts subside.

Retail security threats see rise across the US amid pandemic, study...

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Organized retail crime and numerous other security concerns evolved in 2020, and most retailers attribute the increase in criminal activity to the pandemic.

US retail sales slow in July as businesses face supply chain...

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Increased COVID-19 vaccinations also allowed consumers to shift some spending from goods to activities like going out to dinner and traveling.

“Great uncertainty” transforms into clear recovery as retailers power into H2

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The economy is shaping up well for both retailers and consumers alike.

Spending at jewelers set to fall while Valentine’s Day total gets...

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Nearly three-quarters of consumers celebrating Valentine’s Day this year feel it is important to do so given the current state of the pandemic.

Holiday sales to grow between 3.6% and 5.2% as US consumers...

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NRF expects that online and other non-store sales, which are included in the total, will increase between 20 percent and 30 percent to between $202.5bn and $218.4bn, up from $168.7bn last year.

US consumer planning $997 spend “prioritizing family and friends” this holiday...

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As online sales have skyrocketed during the pandemic, it comes as no surprise that the majority (60%) of consumers say they plan to purchase holiday items online this year.

America’s retail bounce back continues with fourth consecutive month of gains

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A V-shaped recovery continues in the US as retails sales accelerated their rate of growth in September.

Holiday sales prediction like “jigsaw puzzle” as consumer spending recovers quicker...

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The remarks came in the October issue of NRF’s Monthly Economic Review, which said consumer spending has seen a clear V-shaped recovery.