Retail Sales

United States retail sales, for the month of February, were solid but were not at the same levels to begin 2022, according to data respectively issued today by the United States Department of Commerce and the National Retail Federation (NRF).

While there is more than a healthy share of uncertainty in logistics and the supply chain, one thing that remains certain, is the ongoing aggressive pace of United States retail sales activity, with consumers continuing to spend on whatever it is they may need, amid record-high gas prices, inflation, fears of a recession, and the Russia-Ukraine conflict, among other factors. That was made clear in data issued by the Washington, D.C.-based National Retail Federation (NRF) this week, in...

U.S. retail sales began 2022 where 2021 ended—with solid growth—despite issues posed by Omicron variant and high levels of inflation, according to data respectively issued today by the United States Department of Commerce and the National Retail Federation (NRF).

United States retail sales began 2022 where 2021 ended—with solid growth—amid pairing of the Omicron variant and high levels of inflation, according to data respectively issued today by the United States Department of Commerce and the National Retail Federation (NRF).

Commerce reported that December retail sales—at $626.8 billion—were off 1.9% compared to November, while seeing a 16.9% annual increase. And it noted that total retail sales, for all of 2021, saw a 19.3% annual gain, and retail sales, from October through December, rose 17.1% annually.

United States retail sales ended 2021 with a sequential decline and an annual gain, while holiday season retail sales, for the months of November and December, were very strong, according to data respectively issued today by the United States Department of Commerce and the National Retail Federation (NRF).

Commerce reported that November retail sales—at $639.8 billion—were up 0.3% compared to October, while seeing an 18.2% annual gain. And it added that total retail sales, from September through November, saw a 16.2% increase compare to the same period a year ago.

Commerce reported that October retail sales came in at $638.2 billion, marking a 1.7% increase over September’s revised $627.5 billion and a 16.3% annual gain. And it added that total retail sales, from August through October, rose 15.4%.

Commerce reported that October retail sales came in at $638.2 billion, marking a 1.7% increase over September’s revised $627.5 billion and a 16.3% annual gain. And it added that total retail sales, from August through October, rose 15.4%.

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NRF stated that a record year could be on tap for 2021 holiday retail sales (NRF defines holiday sales as sales from November 1-December 31, excluding automobile dealers, gasoline stations, and restaurants), projecting an increase between 8.5%-to-10.5%, coming in between $843.4 billion and $859 billion.

NRF stated that a record year could be on tap for 2021 holiday retail sales (NRF defines holiday sales as sales from November 1-December 31, excluding automobile dealers, gasoline stations, and restaurants), projecting an increase between 8.5%-to-10.5%, coming in between $843.4 billion and $859 billion. Should this estimate come to fruition, it would top the previous record of $777.3 billion in 2020, which marked an 8.2% annual gain, as well as nearly doubling an average increase of 4.4% over the past five years, too.

Commerce reported that September retail sales, at $625.4 billion, were up 0.7% compared to August and up 13.9% annually. And it added that total retail sales, from July through September, saw a 14.9% annual increase compared to the same period a year ago.

Commerce reported that August retail sales—at $618.7 billion—eked out a 0.7% increase over July and rose 15.1% annually. The NRF reported that its calculation of retail sales, which does not include automobile dealers, gasoline stations, and restaurants, showed that August retail sales headed up 2.3 on a seasonally-adjusted basis over July and were up 12% on an unadjusted basis annually.

Commerce reported that August retail sales—at $618.7 billion—eked out a 0.7% increase over July and rose 15.1% annually. The NRF reported that its calculation of retail sales, which does not include automobile dealers, gasoline stations, and restaurants, showed that August retail sales headed up 2.3 on a seasonally-adjusted basis over July and were up 12% on an unadjusted basis annually.