Sales in grocery and beverage stores dropped 0.2% in April from the previous month. Credit: Alexa from Pixabay.

Retail sales in the US increased 0.4% in April 2023 from the previous month and grew 1.6% year-over-year (YoY), according to data from the National Retail Federation (NRF).

The figures are based on data from the US Census Bureau and reveal that sales increased in four out of nine retail categories on a yearly and monthly basis.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Retail sales, excluding automobile dealers, gasoline stations and restaurants, rose 0.6% from March and were up 2% unadjusted YoY.

During the month, sales in general merchandise stores increased 0.9% seasonally adjusted from the previous month and were up 4.1% unadjusted YoY.

Sales in online and other non-store also grew 1.2% seasonally adjusted from March and increased 6.4% unadjusted from the same period a year ago.

See Also:

The data revealed that grocery and beverage store sales declined 0.2% seasonally adjusted from the previous month but grew 2.9% unadjusted YoY.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Sales were also down by 0.3% in clothing and clothing accessory stores, seasonally adjusted from March and declined 4.1% unadjusted YoY.

Sporting goods stores also reported a sales drop of 3.3% seasonally adjusted from the previous month and down 9.1% unadjusted YoY.

NRF president and CEO Matthew Shay said: “Retail sales rebounded in April, reflecting consumer resilience in the face of elevated economic uncertainty.

“Moderating price levels, continued labour market strength and wage gains have increased consumers’ ability to spend. However, they remain cautious and concerned about the current economic environment. Retailers continue to provide competitive pricing and convenience to help cost-sensitive consumers stretch their budgets.”