Home Tags Retail
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.
Organized retail crime and numerous other security concerns evolved in 2020, and most retailers attribute the increase in criminal activity to the pandemic.
The NRF did though go on to urge the Fed to adopt additional provisions to keep Visa and Mastercard from circumventing the new rules.
Increased COVID-19 vaccinations also allowed consumers to shift some spending from goods to activities like going out to dinner and traveling.
The retail industry is now doing better than many retailers expected last year when stores, offices, and schools shut down across the country.
The economy is shaping up well for both retailers and consumers alike.
Retail sales saw solid growth during June, increasing in most categories on a monthly basis and across the board on a yearly basis.
The revised forecast surpasses NRF’s initial projection of at least 6.5 percent growth, made in February of this year.
Retail sales remained at elevated levels in May across the United States.
Danish-designed watch brand, August Berg, has continued its expansion in the UK, the next major step to the brand’s international growth strategy.