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US clothing store sales in August increased 0.1% month-on-month and 36.6% year-on-year: NRF

Retail sales in the U.S. It increased in August as consumer demand outweighed pandemics, supply chain disruptions, and other factors affecting spending. National Retail Federation (NRF) Said. Clothing and garment accessories stores were seasonally adjusted, up 0.1% month-on-month, and unadjusted, up 36.6% year-on-year.

Online and other non-store sales were seasonally adjusted, up 5.3% month-on-month and unadjusted, up 10.6% year-on-year.

According to the US Census Bureau, retail sales in August increased seasonally by 0.7% from July, up 15.1% year-on-year. This is compared to a 1.8% month-on-month decrease in July and a 15.1% year-on-year increase. According to census data, monthly sales have increased year-on-year since June 2020, despite monthly declines.

According to the National Retail Federation (NRF), US retail sales increased in August as consumer demand outweighed pandemics, supply chain disruptions, and other factors affecting spending. Clothing and garment accessories stores were seasonally adjusted, up 0.1% month-on-month, and unadjusted, up 36.6% year-on-year.

NRF’s retail sales calculation (focusing on core retail excluding car dealers, gas stations and restaurants) showed a seasonally adjusted 2.3% increase from July in August and an unadjusted 12% year-on-year increase. Showed that it increased. This is compared to a 1.8% month-on-month decrease in July and an 8.9% year-on-year increase. NRF figures are a three-month moving average, unadjusted, up 11.4% year-on-year.

During the first eight months of this year, sales calculated by NRF increased by 15% over the same period in 2020. This is in line with NRF’s revised forecast that retail sales in 2021 will increase 10.5-13.5% to $ 4.44 in 2020. $ 1 trillion and $ 4.56 trillion.

“Despite the three impacts of this year’s macroeconomic headwinds, including a declining government stimulus package, an increase in COVID-19 infections, and ongoing supply chain challenges in the form of labor and goods shortages. Consumers remain solid, despite the fact that many school districts have returned to face-to-face learning, but classes have been delayed until the end of Workers’ Day, causing the new semester to fall apart and impact sales timing. However, sales increased. These results pave the way for strong consumer spending and a strong economy in the fourth quarter. ” NRF Chief Economist Jack Klein Hents Said in a statement.

Fiber2Fashion News Desk (KD)



US clothing store sales in August increased 0.1% month-on-month and 36.6% year-on-year: NRF

Source link US clothing store sales in August increased 0.1% month-on-month and 36.6% year-on-year: NRF

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