Retail sales continue to grow as shoppers chase summer deals
"Households remained budget conscious but took full advantage of midsummer sales and early back-to-school promotions to stretch their dollars."
"Households remained budget conscious but took full advantage of midsummer sales and early back-to-school promotions to stretch their dollars."
An early peak shipping season driven by tariff changes and supply chain uncertainty is winding down as retailers prepare for holiday demand.
The annual list, compiled by Kantar, reflects how evolving consumer preferences are reshaping growth across the retail sector.
NRF said retailers use data-driven pricing tools, loyalty programs and technologies such as electronic shelf labels to respond to factors such as competitor prices, consumer demand and seasonal trends.
The findings come as NRF continues to urge the U.S. Senate to approve the Combating Organized Retail Crime Act.
"Affordability is a concern for families and a top priority for retailers as we enter the back-to-school season."
Retail sales increased again in June as consumers took advantage of summer promotions and began back-to-school shopping early, according to the latest CNBC/NRF Retail Monitor.
Import volumes are set to hit a record high in July as retailers stock up for potential tariff hikes and upcoming back-to-school and holiday seasons.
The report highlighted gains by regional grocers, off-price retailers, and hardware chains, with DICK’S Sporting Goods showing a significant increase.
NRF stated the proposed agreement doesn't address retailers' concerns about limited competition in payments and fails to curb rising transaction costs.
Online shopping leads purchasing plans, while electronics and personal care gifts post the biggest gains.
Retail sales rose for the eighth consecutive month in May as consumers continued spending despite elevated gas prices, tariffs and geopolitical uncertainty.
Retailers remain cautious about inventory levels amid ongoing economic and geopolitical uncertainty.
The amount surpasses last year’s total spending.
“Retail sales grew for a sixth consecutive month in March as the first wave of tax refunds offset higher gas prices,” NRF President and CEO Matthew Shay said.
“The retail industry continues to show its strength, delivering a solid year despite a range of ongoing challenges,” NRF Chief Economist and Executive Director of Research Mark Mathews said.