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May 17, 2021

NRF reports no change in US retail sales from March to April

New data from the National Retail Federation (NRF) has shown that April retail sales in the US were 'virtually unchanged' from March.

The US-based National Retail Federation (NRF) has released data showing that retail sales in the country remained ‘virtually unchanged’ from March to April.

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The figures, based on data from the US Census Bureau, showed that overall retail sales in April rose by 51.2% year-over-year (YoY).

The NRF said it expects sales to recover in the coming months amid record savings and a reopening economy.

During April, online and other ‘non-store’ sales fell by 0.6% month-over-month seasonally adjusted, but increased by 14.8% unadjusted YoY.

Grocery and beverage store sales increased by 0.4% month-over-month and 0.3% unadjusted year-over-year.

The data also shows that sporting goods store sales dropped by 3.6% month-over-month seasonally adjusted, but increased by 155% unadjusted YoY.

Electronics and appliance store sales rose by 1.2% month-over-month and 139.9% unadjusted YoY.

NRF president and CEO Matthew Shay said: “In March, we saw a surge in spending as stimulus checks came in. That spending then declined slightly in April.

“Year-over-year growth of 28.8% demonstrates that household finances remain strong, and the economic recovery will likely continue to gain steam as we head into the summer months. Consumers are demonstrating that when they feel safe, they are both willing and able to spend and are driving the economy forward.

“The CDC’s updated guidance for fully vaccinated individuals will help further open the economy and get more people back to work. Retailers will continue to follow coronavirus-related laws and regulations governing store operations in each state.

“We urge lawmakers and government officials to prioritise policies that both encourage work and continued safety.”

NRF chief economist Jack Kleinhenz said: “Today’s year-over-year numbers are off the charts in some categories, reflecting the disparity between retailers that could remain open a year ago and those forced to shut down.

“Consumers may have tapped the brakes slightly in April compared with March, but it was like going from 100mph to 85mph compared with last year.

“The fuel from stimulus checks gave a strong boost to spending in March, and the fact that April numbers are very close shows spending is clearly going forward and still strong.”

In January, the NRF reported that US retail sales had increased ‘sharply’ that month despite the pandemic.

According to data from the US Census Bureau, overall retail sales in January increased by 5.3% seasonally adjusted from December. The figure was up by 7.4% year-over-year (YoY).

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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.