1. News
February 17, 2022

NRF reports 13% YoY increase in US retail sales in January

Online and other non-store sales in the country were up by 14.5% month-over-month seasonally adjusted.

Retail sales in the US increased last month despite cases of the Omicron Covid-19 variant and inflation, according to data from the National Retail Federation (NRF).

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The figures, based on data from the US Census Bureau, revealed that overall retail sales during the month grew by 3.8% seasonally adjusted from December and were up by 13% year-over-year (YoY).

Retail sales in January, excluding sales at automobile dealers, gasoline stations and restaurants, increased by 4.7% seasonally adjusted from last month, representing an 8.5% unadjusted YoY increase.

During the month, sales in clothing and clothing accessory stores rose by 0.7% month-over-month seasonally adjusted and 19.1% unadjusted YoY.

Sales in grocery and beverage stores also increased 1.1% month-over-month on a seasonally adjusted basis, rising by 7.2% unadjusted YoY.

Online and other non-store sales increased by 14.5% from the previous month and grew by 8.9% unadjusted YoY.

NRF president and CEO Matthew Shay said: “January’s numbers show that 2022 is starting very strong for consumers and retailers, especially on the heels of a record holiday season and record sales in 2021.

“While the year ahead has challenges with inflationary pressures, labour shortages, Covid-19 impacts and uncertainty related to international tensions in Russia and China, today’s numbers show that despite these concerns, consumers are spending, and the economy remains in good shape.

“We are confident that retail sales growth and overall consumer financial health can continue, and current pressures in the economy should be moderated if election-year political pressures don’t result in policy decisions that compound the challenges our economy is already facing.”

Last month, the NRF reported that US retail sales over the Christmas period were better than expected, increasing by 13.4% from a year earlier but declining by 2.7% compared with November last year.

Free Report
img

Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.