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October Retail Sales Enjoy Holiday Boost

VMS

Retail enjoyed a boost in sales in October as Americans began their holiday shopping early to avoid pandemic-related supply chain issues, reports the National Retail Federation (NRF). Overall retail sales were up 1.7 Overall retail sales were up 1.7 percent year over year. percent year over year.

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U.S. Stocks Close Higher on Strong Retail Sales

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stocks closed higher yesterday on news that retail sales increased in October, indicating strong consumer confidence and signaling a healthy holiday season, reports Reuters. The retailer also saw its biggest one-day percentage increase since April 2020 after besting quarterly estimates by almost $2 billion.

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Month-Over-Month Retail Sales Remain Flat in April

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Retail sales in April remained flat during the past month, but showed dramatic growth year-over-year when compared to April 2020, according to a National Retail Federation press release. “In Consumers are demonstrating that when they feel safe, they are both willing and able to spend and are driving the economy forward.”.

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Early Shoppers Fuel 8.5% Jump in Holiday Retail Sales

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The study – which excluded automotive sales – measured in-store and online retail sales across all forms of payment. Consumers splurged throughout the season, with apparel and department stores experiencing strong growth as shoppers sought to put their best dressed foot forward.”. percent in 2020 and 14.6

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How YouTube aims to take a piece of the social commerce pie

Inside Retail

Modern consumers, especially those within the Gen Z age bracket, are becoming increasingly interested in shopping methods that differ from the traditional e-commerce model of a direct-to-consumer website or shopping online via big-box retailers. billion in US gross merchandise value this year. billion in 2027.

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Analysis: EOFY won’t end the tough times for many

Inside Retail

The retail industry has cause for a touch of optimism entering the next financial year but it is unlikely that the rollercoaster ride is over for everyone. Retail sales for the first four months of 2022 are showing encouraging growth but the devil is in the detail, with the underlying driver of the increased revenue levels being inflation.

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Rate of Returns Jumped 6 Percent in 2021

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(PRESS RELEASE) Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released today by the National Retail Federation and Appriss Retail. retail sales, which soared to $4.583 trillion in 2021. “As retail sales last year.