CNBC/NRF Retail Monitor: Retail sales rise again in October
Total retail sales were $561.7 billion.
Total retail sales were $561.7 billion.
“Retail sales rose again last month as consumers continued to spend following a solid back-to-school shopping season.”
U.S. retail sales rose for the 11th straight month in August as consumers stayed focused on value and affordability.
Total retail sales were up 0.32%
Health and personal care stores remained among the strongest retail performers as consumers continued spending during June.
Total sales were up 6.29% year over year during the first five months of the year, and core sales were up 6.19%.
Data shows consumers prioritize spending on health, self-care, and wellness despite economic pressures.
Total sales were up 6.04% year over year for the first two months of the year, and core sales were up 5.76%.
Health and personal care stores were up nearly 6% year over year in January as overall retail sales continued to advance, NRF reported.
Total sales were up 5.06% year over year for the first 11 months of the year and core sales were up 5.22%.
Report comes as NRF is forecasting holiday sales will increase between 3.7% and 4.2%.
“Consumer spending rose again in August, fueled by a still-stable consumer and a robust back-to-school shopping season,” NRF president and CEO Matthew Shay said.
Consumers responded to sales and bought ahead of tariffs.
The findings align closely with last week’s CNBC/NRF Retail Monitor, powered by Affinity Solutions.
Total retail sales, excluding automobiles and gasoline, were up 0.49% seasonally adjusted month over month and up 4.44% unadjusted year over year in May, according to the Retail Monitor.