Commerce and the NRF report an increase in retail sales for September.
by Web Administrator
Oct 23, 2024 10:20
Retail sales in September showed positive growth, with total sales hitting $714.4 billion, a 0.4% increase from August and up 1.7% year-on-year. Specific segments like non-store retailers, including e-commerce, rose by 7.1% annually. The National Retail Federation (NRF) noted an overall 0.4% monthly increase in adjusted retail sales and attributed September’s gains to employment growth and lower inflation. Experts emphasize the importance of enhancing the retail experience, as consumer expectations have evolved, urging retailers to invest in labor and technology to meet these demands.