9:48 h / 2021/02/18
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.