Tony D'Onofrio’s Post

Retail sales rose significantly in May, with total sales up 1.35% month-over-month and 3.03% year-over-year. Core sales increased 1.2% and 2.88%, respectively, driven by strong consumer spending and wage gains. #retail #retailnews #sales #growth https://lnkd.in/gZZx-8UJ

Core retail sales (excluding restaurants, automobiles and gasoline) rose 0.3% month-over-month in June and were up 3.07% year-over-year, according to the CNBC / National Retail Federation Retail Monitor. That compared with increases of 1.2% month over month and 2.88% year over year in May. Conversations On Retail, Chain Store Age

• Retail sales in May increased 1.35% month-over-month and 3.03% year-over-year, with core sales up 1.2% month-over-month and 2.88% year-over-year. • Online and non-store sales, along with health and personal care stores, saw the strongest growth. • The gains are driven by a strong job market and wage increases, marking the highest monthly increase in over a year.

Sales at retail up in 2024, led by furniture, food and beverage -  Core retail sales rose 2.48% in first 5 months of 2024 -  US retail sales grew 1.35% in May from the previous month and 3.03% from the same month last year, according to the latest CNBC/NRF Retail Monitor. Core retail sales -- excluding autos, eateries and gasoline -- grew 2.88% year-over-year in May and 2.48% in the first five months of this year, the report found. "Spending is being supported by the job market and real wage gains," NRF President and CEO Matthew Shay said. "Inflation remains stubborn but is almost entirely in services rather than retail goods." Full Story: Chain Store Age (6/10) - https://lnkd.in/etHR83V3 #retailsales2024 #strongeconomy #retailgains

Retail sales bounced back strongly in October as the economy remained in good shape, with core retail sales rising 0.83% month-over-month and 4.59% year-over-year. https://ow.ly/h5WI50U5bI0 #retail #sales #economy

Retail sales increased in June compared to last year, signaling that the economy is “still solid” and that inflation is cooling https://lnkd.in/ejaU47ZJ Core retail sales (excluding restaurants, automobiles and gasoline) rose 0.3% month-over-month in June and were up 3.07% year-over-year #retail #ChainStoreAge

This article is for all retail sales. Interesting to see how the consumer is spending.

Retail sales jumped significantly in May, showing strong increases both month-over-month and year-over-year, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation (NRF). Total retail sales, excluding automobiles and gasoline, were up 1.35 percent seasonally adjusted month-over-month and up 3.03 percent unadjusted YoY in May, according to the Retail Monitor. That compared with an increase of 0.26 percent month-over-month and a decrease of 0.6 percent YoY in April. The Retail Monitor calculation of core retail sales (excluding restaurants in addition to automobiles and gasoline) was up 1.2 percent month-over-month in May and up 2.88 percent YoY. That compared with an increase of 0.4 percent month-over-month and a decrease of 0.05 percent YoY in April. Total Retail has more. https://bit.ly/3XuCxLI #TopTakes #RetailSales #RetailMarketing #Economy #ConsumerSpending #RetailTrends

Retail sales surged in May, reflecting strong month-over-month and year-over-year increases. Chain Store Age reports that total retail sales rose 1.35% from April and 3.03% from last year. This performance highlights a consumer spending pattern, supported by a resilient job market and real wage gains. Read more about the report's findings here: https://lnkd.in/gZZx-8UJ #CommercialRealEstate #CRE #RealEstate #Retail #Trends #RetailLandscape

“According to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, overall retail sales (excluding automobiles and gas) saw a 3.42% year-over-year increase in June, the strongest since November 2023. However, month-over-month sales saw a slight increase (0.47%), suggesting some stabilization after May's higher month-over-month growth (1.35%), likely driven by Memorial Day sales.” “The Retail Monitor calculation of core retail sales (excluding restaurants in addition to automobiles and gasoline) was up 0.3% month-over-month in June and up 3.07% year-over-year. That compared with increases of 1.2% month over month and 2.88% year-over-year in May.” “Online and other non-store sales were up 1.78% month-over-month seasonally adjusted and up 23.08% year-over-year unadjusted.” “Clothing and accessories stores were down 0.11% month-over-month seasonally adjusted but up 5.35% year-over-year unadjusted.” “Sporting goods, hobby, music and book stores were up 0.68% month-over-month seasonally adjusted but down 0.52% year-over-year unadjusted.” ““Consumers are being thoughtful about their spending, prioritizing non-discretionary purchases as they continue to face high interest rates and lingering inflation,” said NRF president and CEO Matthew Shay. “Inflation has dropped to nearly zero for goods, but remains persistent with services, and solid economic fundamentals are helping consumers make ends meet. Month-over-month sales growth was moderate in June, and year-over-year gains for total retail sales were the largest we’ve seen since last fall.”” - Zachary Russell