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In May, The Apparel Retail Chain Rose 188%, Down 63% From A Year Ago.

2020/6/19 11:48:00 0

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The US Department of Commerce released May US retail data in June 16th. Statistics show that following the continuous decline of 8.3% and 14.7% in March and April, the retail sales of the United States have stabilized and rebounded with the reopening of business. The growth rate in May was 17.7%, but it was still 6.1% lower than the same period last year.

The main retail businesses in May are:

Then Clothing and clothing accessories stores: growth of 188%, down 63.3% compared to the same period (50.5% and 78.8% respectively in March and April respectively).

Then Furniture and home stores: The growth rate was 89.7%, down 23.2% from the same period last year.

Then Sporting goods store: The growth rate was 88.2%, an increase of 6% over the same period last year.

Then Electronics and electrical stores: The growth rate was 50.5%, down 30.9% from the same period last year.

Then Building materials and garden supplies stores: The growth rate was 10.9%, an increase of 10.8% over the same period last year.

Then Online and other non physical stores: The growth rate was 9%, an increase of 25.3% over the same period last year.

Then General store: The growth rate was 6%, an increase of 1.6% over the same period last year.

Then Grocery stores and beverage stores: The growth rate was 2%, an increase of 14.3% over the same period last year.

Then Health and personal care shops: The growth rate was 0.4%, down 12.6% from the same period last year.

Last month's rebound was in the context of the slow and long-term recovery of the economy. In May, US employers increased 2 million 500 thousand jobs, an unexpected increase, indicating that the job market has bottomed out.

Messi Gennette, chief executive of Macy, said that the company's newly opened shop is restoring 50% of its main business, Jeff. American Eagle Outfitters, a teenage clothing retailer, performed even better, averaging about 95% of its normal sales level.

But analysts warn that in the face of a severe recession, some of the recovery so far may reflect the effects of temporary government assistance and expanded unemployment benefits. For the time being, Americans spend too much on necessities and spend less on luxuries.

Retail research firm Coresight Research predicts that The United States will close 20000 to 25000 stores this year. About 60% of them are in shopping centers. The figure is higher than the estimated 15000 stores closed by mid March and will exceed 9000 stores closed last year.