In May, U.S. retail sales fell 1.3% month-on-month, a decline that exceeded the market Widespread expectations indicate that the stimulating effect of fiscal measures introduced by the federal government on increasing consumption is weakening, and also reflects that consumers are beginning to cut back on goods spending and instead increase spending on services as the COVID-19 epidemic eases.
According to surveys, Nike is still the most popular sportswear brand, followed by lululemon. Vans parent company VF Group and Levi’s will also continue to be popular. In addition, as the back-to-school season and people return to work normally, the sales performance of American Eagle Outfitters, Victoria’s Secret parent company L Brands and Gap Group are also expected to accelerate their recovery.
Specifically, the performance of U.S. apparel, home textiles and other related retail channels in May was as follows:
Clothing and apparel stores: Increases have expanded, and the retail market has basically recovered
As the rate of new crown vaccination increases, states Clothing sales continue to rebound as economic restrictions are eased. In May, sales of clothing and accessories stores were US$25.2 billion, quadrupling compared with the worst period of the epidemic in 2020 and increasing by 14% compared with the same period in 2019. Judging from the cumulative situation in the past five months, the retail sales of clothing and apparel have been relatively good, with cumulative sales reaching US$116.3 billion, an increase of more than 70% over the same period in 2020, and a slight increase of 5% compared with 2019. The increase has expanded again, reflecting that more companies Normal office and social activities have gradually resumed.
General stores: good growth momentum, exceeding pre-epidemic levels
In May, general stores Retail sales (including department stores and large supermarkets, etc.) continued to maintain a steady growth momentum, with retail sales reaching US$67.3 billion, an increase of 10% over the same period in 2020 and an increase of 13% over the same period in 2019. The growth rate expanded from the previous month. In the first five months, general store sales totaled US$338 billion, an increase of 11% over 2020 and an increase of 13.5% over the same period in 2019, showing good growth momentum.
Department stores: Smooth recovery, gradually returning to pre-epidemic levels
Department stores in May Store (all categories) sales were US$11.4 billion, an increase of 28% over the same period in 2020. The growth rate has decreased, but it was only down 0.1% from the same period in 2019. In the first five months, the cumulative sales of department stores were US$54.6 billion, an increase of 18% compared with the same period in 2020, and still down 4.7% compared with the same period in 2019. However, the decline has gradually narrowed and is steadily returning to pre-epidemic levels.
Home furniture stores: maintaining double-digit growth momentum
Home furniture retail sales in May Reaching US$12.2 billion, nearly double the same period in 2020 and an increase of 22% compared to the same period in 2019. From January to May, the total retail sales of home furniture reached US$60.7 billion, an increase of nearly half compared with the same period in 2020 and an increase of 22% compared with the same period in 2019, maintaining a stable double-digit growth momentum.
Online retail: rapid growth, slowing down
In May, online sales Retail sales (all categories) reached US$87.9 billion, a year-on-year increase of 7.9%, but an increase of 39% over the same period in 2019. In the first five months, total online retail sales in the United States reached US$436.8 billion, an increase of approximately 22% compared with the same period last year and an increase of 42% compared with the same period last year. The growth rate is rapid.
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