info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)

U.S. Retail Sales Changes February 2023

By Shubhendra Anand , 07 April, 2023

U.S. releases every month’s calculation of the retail sales. In this report, the results are based on the core retail segments excluding the food, fuel and auto using year-over-year comparisons.

There is a rise of 7.7 percent year in the retail sales category with e-commerce up to 8.5 percent according to the numbers released by the United States Department of Commerce. As per the data, February always tends to be the slowest month for retail sales but this time it led to the fairly steady growth in employment.

According to the Global Data Managing Director Neil Saunders, “the consumers would continue to dig deep into the fund consumption and showing resilience despite unfavorable conditions.” Inflation remained high in the February 2023 that is 6 percent.

Reports reveals that sales slid from 1.1 percent from January 2023 due to extreme weather conditions in many part of the countries and strong sales in the first weeks of the year.

According to the data reports, general merchandise sales rose 10.7 percent, apparel sales rose up to 4.1 percent, home goods and furniture sales edged up 0.4 percent, sporting goods also rose up to 3.4 percent and the electronic sales continued to falling 2.2 percent.

Key Retail Statistics You Should Know

Statistics.jpg

Latest News

market.png
Renewable Energy Production Slows down due to Lack of Transformers

Renewables are in high demand in the energy market in 2024. It is due to a clean energy transition that requires a constant flow of renewables in the energy market. The green transformation to combat climate change brings about several environmental

Read More

period.png
Packaging Manufacturer Collabs with Solar Projects to Enhance Cleantech in 2024

Companies are making significant moves towards the clean energy transition in various ways. In order to reduce carbon emissions, certain companies are investing in several rescue methods in 2024. Renewables production is growing over time as the

Read More

Amazon.png
Amazon Enables News Technologies to Help its Business Customers

Amazon is one of the leading global e-commerce platforms for consumers. The brand boosts its online shopping experience for users in multiple ways. Surveys show that Amazon regulates several business solutions to increase its products and services…

Read More

2023.png
Asian Carbon Emissions Affects West’s Clean Energy Transition Process in 2024

Globally, countries are facing challenges in the transformation of green energy. The economies worldwide target to achieve net zero emissions. Hence, countries are introducing several ways to reduce environmental carbon emissions. Developing…

Read More

2023.png
China to Boost Oil and Gas Production from New Sources in 2024

China is the leading nation in the energy market. Since the clean energy transition focuses on renewables, China surpasses other nations in renewables production. In a mission to strengthen its energy security, China moves forward with oil and gas

Read More

Author Pic
Shubhendra Anand

Head Research