World Footwear

World

US retail sales rise again in March

Apr 24, 2024 United States
US retail sales rise again in March
Retail sales rose by 0.7% in March compared with February (seasonally adjusted), following a 0.9% rise in the previous month, reflecting continued consumer strength
According to data released by the US Census Bureau, total retail sales in March rose by 0.7% on a seasonally adjusted basis from February and by 4% on an unadjusted basis from a year earlier, as compared with gains of 0.9% on a monthly basis and 2.1% on an annual basis in February. According to the National Retail Federation Chief Economist Jack Kleinhenz, early Easter sales, larger tax refunds and higher employment have contributed to a more resilient consumption.

“March’s Census Bureau numbers confirm that consumer spending remains steady, underscoring a resilient consumer despite inflationary pressure”, Kleinhenz said. “While sales were mixed, several factors supported retail sales, including an early Easter holiday, slightly larger 2023 tax refunds and stronger payroll growth over the last three months”.

The same data also shows that core retail sales, excluding car dealers, petrol stations and restaurants, increased by 1.1% in March on a seasonally adjusted basis compared with February, and by 3.2% on an unadjusted basis compared with a year earlier. On a three-month moving basis, core retail sales rose by 3.9% in March, as compared with the same month of the previous year.


Image Credits: in.fashionnetwork.com


Related Events

  • Jul
    15
    Jul 15-Jul 16, 2025 | St. Paul, Minnesota, United States

    Northwest Shoe Travelers Market

  • Jul
    15
    Jul 15-Jul 16, 2025 | New York, United States

    Première Vision New York

  • Jul
    16
    Jul 16-Jul 17, 2025 | Portland, United States

    Polymers in Footwear Portland

  • Jul
    22
    Jul 22-Jul 24, 2025 | San Diego; Las Vegas (summer edition), United States

    The IR Show

Related Organizations

  • ALCA - American Leather Chemists Association

    ALCA - American Leather Chemists Association

    United States
  • BSTA - Boston Shoe Travelers Association

    BSTA - Boston Shoe Travelers Association

    United States
  • Council of Fashion Designers of America, Inc.

    Council of Fashion Designers of America, Inc.

    United States
  • Two Ten Footwear Foundation

    Two Ten Footwear Foundation

    United States