The growth happened amid wage gains and easing inflation for goods.
Total retail sales for all of 2023 were up 5.32% over 2022 and core retail sales were up 4.46%.
The figures surpassed NRF’s initial expectations by more than 18 million.
National Retail Federation Chief Economist says “consumers remain in the driver’s seat, and are resilient.”
NRF President and CEO Matthew Shay tackled organized retail crime, inventory levels, and what he’s hearing from retailers when it | Read more…
NRF Chief Economist says the consumer is still healthy, and households are forging ahead with plenty of buying power.
Parents shopped for school supplies and other goods even as inflation continued and interest rates remained high, the National Retail | Read more…
Prime Day, back-to-school sales and rising wages drove consumers to shop more.
Three-quarters of consumers plan to celebrate Father’s Day this year, which is on par with participation in recent years.
The U.S. Census Bureau says overall retail sales in April were up 0.4% from March and up 1.6% year over | Read more…