The report shed light on how the US retail recovers
US retail recovers from the coronavirus pandemic. Source: shutterstock.com
The National Retail Federation has revealed that retail sales continued to recover from the coronavirus pandemic in August.?They showed a gradual improvement from July and larger gains year-over-year.
Meanwhile, overall retail sales during August were up 0.6% seasonally adjusted from July and up 2.6% year-over-year, the US Census Bureau reports. That follows a 0.9% month-over-month increase in July.
The biggest monthly gain came at apparel stores, although their sales remained far below last year. For instance, they were up 2.9% month-over-month seasonally adjusted but down 23.5% unadjusted year-over-year.
As to electronics and appliance stores, they were up 0.8% month-over-month seasonally adjusted but down 3.4% unadjusted year-over-year.
The research found that online and other non-store sales were unchanged month-over-month seasonally adjusted but grew 20.1% unadjusted year-over-year.
We’ve reported that the Australian e-commerce market is expected to reach Australian $52.2 billion in 2020.
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