Retail Sales Rebounded in May, Still Below 2019 Levels, Says NRF
May sales at electronics and appliance stores jumped 50.5% from April but declined 30.9% from 2019, reported the National Retail Federation Tuesday. Online and other non-store sales were up 9% from April and 25.3% from May 2019, it said. Overall…
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May retail sales jumped 17.7% from April but were down 6.1% year over year, it said. That followed a 14.7% month-over-month drop in April. The report was “very encouraging news at a time when we need to focus on what will happen as retail doors open once again,” said NRF CEO Matthew Shay. “For a sick economy, there is no better medicine than retailers responding to consumers who are ready to safely return to stores.”