Price pressures and continued labor shortages magnified by the rapid spread of the omicron variant drove retail sales down by a disappointing 1.9% in December. … READ MORE >
retail sales
Five things that retail sales tell us about holiday shopping
Navigating the strong headwinds from the pandemic has not been easy for retailers this holiday season, but here are five things we have learned about their response as reflected in the November retail sales data released by the Commerce Department on Wednesday. … READ MORE >
U.S. November retail sales: Consumer spending moderates
The American consumer has held up remarkably well during the recent surge in inflation. But that was not the case in November as the pace of spending moderated to an 0.3% increase, which is likely because of an adjustment to rising prices. … READ MORE >
Retail sales beat expectations in a sign of a strong holiday season
Retail sales rose by 1.7% in October as consumers, flush with cash, signaled a strong start to the final quarter of the year, according to a report from the U.S. Census Bureau on Tuesday. … READ MORE >
Canada retail sales climbed in August as in-person activities picked up
The rise in retail sales was led by food and beverage stores, where sales went up by 4.8%, clothing stores, up 3.9%, and gasoline stations, with 3.8% growth. … READ MORE >
Retail sales defied expectations, continuing to rise in September
Retail sales defied expectations in September, rising in back-to-back months and highlighting the resilience in consumer spending amid supply shortages and the surge of the delta variant. … READ MORE >
Chart of the day: Canada’s retail sales cool amid bumpy recovery
Continuing what has been a volatile year for consumers, Canada’s retail sales decreased by 0.6% in July compared to June, according to data released on Thursday by Statistics Canada. … READ MORE >
As the delta variant spread, worried consumers went online to do their shopping
The strong retail sales figures for August were not only a welcome surprise for retailers after months of decline, but they also showed the enduring impact of the pandemic as consumers relied less on human contact and increasingly shopped at home. … READ MORE >
Chart of the day: Strong back-to-school retail sales may signal positive holiday season
In what retailers hope is a preview of the holiday shopping season, retail sales from the critical back-to-school month of August increased by 0.7% on the month. … READ MORE >
CHART OF THE DAY: Retail sales dip reflects shift in spending habits
A decline in retail spending in July may signal a shift in spending habits as consumers straddle a strengthening economy and virus-related concerns. … READ MORE >