Retail trade sales increased more than 24 percent in May 2021 compared to last year. Many segments are seeing significant increases compared to 2019 too, proving that the momentum in retail is not just a result of emergence from the lockdowns of 2020. Consumer sentiment ticked upward, with expectations for growth in the national economy. Retailers are riding a wave of growth post-pandemic but need to be prepared, as transportation costs continue to increase while wages also rise, driving SG&A costs up. The potential for additional inflationary cost pressures over the coming months looms and could impact margins.
Download the June retail and consumer summary.
Click here to download the May retail and consumer summary.
Click here to download the April retail and consumer summary.