January retail sales rise 3.8% YoY

In the segments covered by Retail Dive, retail sales in January rose 3.8% year over year, based on figures released Thursday by the U.S. Department of Commerce. Various analysts deemed this a decent performance, but one that suggests some slowing in consumer spending this year. E-commerce surged 8.2%.

“Essentially, the mini retail boom at the end of 2023 was built on shaky foundations that are not carrying forward into this new year,” GlobalData Managing Director Neil Saunders said in emailed comments.

Bad weather may have kept some shoppers out of stores, analysts said.

itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business and their stores to improve financial performance and compete more effectively with the “Amazons”.

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