Retail sales for September were up 0.7% compared to August as consumers continue to spend despite economic concerns in the U.S. market. Sales from July through September were up 3.1% compared to one year ago, giving retailers a glimmer of hope for a positive holiday shopping season. September sales in 2023 were 3.8% higher than last year, indicating that consumers have not pulled back spending this year.
Total retail sales for all categories, minus autos and gasoline, were up 4.5%. “The resilience of retail sales this September underpins the adaptability and robustness of U.S. consumers. While certain sectors have experienced a downturn, like electronics and furniture, the overall landscape remains promising,” said Jonathan Silver, CEO and founder of Affinity Solutions.
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”.
