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U.S. Consumption Trends by Week
Compared to last year, U.S. general merchandise sales increased 3% in the week ending May 16.
Source: The NPD Group/Point-of-Sale Early Indicator Report, NPD Universe, WE May 16, 2020
Industries Included: Apparel, Footwear, Auto Aftermarket, Watches, Housewares, Small Domestic Appliances, Toys, Video, Sports Accessories, Consumer Technology, Office Supplies, Prestige Beauty, Juvenile Products
General Merchandise Sales Increase As Stores Slowly Re-open
In the week ending May 16, general merchandise sales increased 3% compared to the same time last year. Consumers are willing to spend, but much of that depends on the specific industry. For now, home-related categories remain the growth drivers. We are at a pivotal point as stores look to return to carrying their own weight and online hopes to sustain its recent growth.