WASHINGTON — Retail sales dropped almost twice as much during April as they did in March, reflecting the first full month when most stores were closed because of the coronavirus pandemic, the National Retail Federation said on Friday. The U.S. Census Bureau reported that overall retail sales during April were down 16.4% seasonally adjusted from
WASHINGTON — Total retail sales fell dramatically in March as the coronavirus pandemic forced restaurants, bars and many stores to temporarily close across the nation. But sales soared at grocery stores and were up at other retailers deemed “essential” as well, offsetting some of the decline. Sales at health and personal care stores, which include
WASHINGTON — Retail sales should grow by 3.5% to 4.1% this year, according to a forecast released Wednesday by the National Retail Federation.The trade group is forecasting that sales in 2020 will top $3.9 trillion, despite uncertainty from the lingering trade war, the coronavirus outbreak and the presidential election. “The nation’s record-long economic expansion is
WASHINGTON – Holiday retail sales during 2019 grew 4.1% over the same period in 2018 to $730.2 billion, the National Retail Federation said this week. The numbers exclude automobile dealers, gasoline stations and restaurants. Online and other non-store sales were up 14.6% over the year before at $167.8 billion and are included in the total.
WASHINGTON — Retail sales were up 0.9% in July seasonally adjusted from June and up 5.6% unadjusted year-over-year, the National Retail Federation said this week. The numbers exclude sales by automobile dealers, gasoline stations and restaurants. “July’s strong results are consistent with a confident consumer,” said NRF chief economist Jack Kleinhenz. “Households are in good