FashionUnited’s Post

Retail sales saw a slight month-over-month drop in September 2024, but year-over-year consumer spending increased https://lnkd.in/ecPEZKRx Total retail sales grew 0.55% unadjusted year-over-year #retail Chain Store Age

U.S. retail sales are expected to rise at a steady but slower pace in 2024 compared to last year https://lnkd.in/eVs3dQJB The National Retail Federation (NRF) on Wednesday forecast that retail sales will increase between 2.5% and 3.5% in 2024, to between $5.23 trillion and $5.28 trillion #retail Chain Store Age

Retail sales in February were up, according to a new report from the National Retail Federation, as eight of the nine categories tracked by the NRF were up. https://lnkd.in/eupnqeKa #retail #sales

Retail sales saw a slight month-over-month drop in September but consumers continued to spend more than last year as interest rates and inflation fell and employment rose, according to the CNBC/NRF Retail Monitor released by the National Retail Federation.

U.S. retail sales are on track to grow between 2.5% and 3.5% this year, reaching between $5.23 trillion and $5.28 trillion, according to the National Retail Federation. The Associated Press has more insights from the report:  https://lnkd.in/ggJNqm8q  

The National Retail Federation released its 2024 forecast, predicting that #retail sales will rise between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion, compared with a 3.6% annual sales growth to $5.1 trillion in 2023.

“According to the CNBC/National Retail Federation (NRF) Retail Monitor, total retail sales, excluding automobiles and gasoline, were up 0.36% seasonally adjusted month-over-month (MoM) and up 2.72% unadjusted year-over-year (YoY) in March. That compared with increases of 0.4% MoM and 2.7% YoY in February.” “The Retail Monitor calculation of core retail sales – excluding restaurants in addition to automobiles and gasoline – was up 0.23% MoM and up 2.92% YoY in March. Those figures are down slightly compared with increases of 0.27% MoM and 2.99% YoY in February.” “For the first quarter, total retail sales were up 2.65% YoY, while core sales were up 3.12%. Last month, NRF projected that retail sales will increase between 2.5% and 3.5% in 2024 to between $5.23 trillion and $5.28 trillion.” “Sales in March were up in six out of nine retail categories on a yearly basis, led by online sales, sporting goods stores and health and personal care stores.” “Online and other non-store sales were up 2.48% MoM seasonally adjusted and up 15.47% YoY unadjusted.” “Sporting goods, hobby, music and book stores were up 0.86% MoM seasonally adjusted and up 8.33% YoY unadjusted.” “Health and personal care stores were up 0.03% MoM seasonally adjusted and up 4.5% YoY unadjusted.” “Grocery and beverage stores were up 1.17% MoM and up 4.22% YoY unadjusted.” “Clothing and accessories stores were down 0.01% MoM and up 2.13% YoY unadjusted.” - Zachary Russell

Retail sales reported by the National Retail Federation Retail Monitor indicated consumer spending slowed in June compared to May. Excluding automobile and gasoline, sales were up 0.47% from May, slower than the 1.35% growth reported in May. However, retail sales grew 3.42% from June 2023, which was the highest gain for total sales since last November. Retail sales were only slightly higher than the 3% inflation rate for the same period. #retailsales #nrf

Retail sales saw a significant rise in May, with a 1.35% increase month over month and 3.03% year over year, according to the latest CNBC/NRF Retail Monitor. "Consumers are driving solid economic growth," says NRF President Matthew Shay. Check out the full report for more insights on the retail sector’s strong performance. #RetailSales #ConsumerSpending

News of higher than expected July 2024 U.S. retail sales growth and lower inflation boosted the markets last week. Read more about projections through year end in the article below. Track information on the consumer and the state of retail shopping centers through Q2 2024 in the SageTrust Properties' Q2 2024 white paper (https://lnkd.in/eEJ8SCFp).