Toy market news

U.S.: Holiday momentum, economic stimulus fuels January retail sales growth

By toybook.com

According to the latest data from the National Retail Federation (NRF) and the U.S. Census Bureau, the momentum of a record holiday season carried over into January to boost retail sales.

The U.S. Census Bureau’s monthly retail survey indicates that January sales spiked 7.4% over the same period last year. NRF calculations, which use a different methodology, show a 10.7% increase.

The NRF previously reported that the November/December holiday season brought 8% year-over-year retail sales growth. NRF says 2020 full-year retail sales grew 6.7% over 2019.

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