Total retail sales in the US up 3.8% in January compared to December

New Ideas in MarketingEssential news for marketers, summarised by YouGov
February 17, 2022, 8:26 AM GMT+0

Strong retail sales recorded in January were driven by a widening income gap, with spending among lower income groups being significantly lower YoY.

According to the latest US Census Bureau data, sales in January increased by 3.8% compared to December. Non-store sales, including online shopping, were up by 14.5%, followed by department stores (9.2%) and furniture sales (7.2%).

Total retail sales in January this year were up by 12.7% compared to the same month last year. Data from Mastercard Spending Pulse also indicated a similar trend, recording a 7.2% YoY increase in retail sales, and a 10.4% increase in online sales. Department store, apparel and luxury goods recorded double-digit YoY growth in January, at 10.5%, 37.6% and 45.3%, respectively.

According to the Adobe Digital Price Index, January prices rose by 1.1% compared to December last year, marking the 20th consecutive month of online price inflation. Apparel prices rose by 15.8% YoY, while grocery items got costlier by 5.8% YoY.

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