Retail trade sales for August 2021 rose 13.1 percent from last year, and Q2 2021 retail quarterly financials showed solid revenue increases compared to both 2020 and 2019, with consumers returning to stores and continuing to shop online. Retailers are seeing significant growth post-pandemic but need to stay vigilant as transportation and other indirect costs increase, while wages are on the rise, driving up SG&A costs. Potential additional inflationary cost pressures over the coming months also loom and could impact margins.
Consumer sentiment ticked back up slightly in August but remains near the two-year low. This will remain a key metric to watch in the coming months, with potential for rising inflation and an increase in COVID cases due to the Delta and other variants.
Download the September retail and consumer summary.
Download previous summaries from 2021: