National Retail Federation: Consumers Engaged as Retail Sales Jump in April
The National Retail Federation (NRF) said retail sales bounced back in April, showing month-over-month and year-over-year growth.
“Retail sales rebounded in April, reflecting consumer resilience in the face of elevated economic uncertainty,” NRF President and CEO Matthew Shay said. “Moderating price levels, continued labor market strength and wage gains have increased consumers’ ability to spend. However, they remain cautious and concerned about the current economic environment. Retailers continue to provide competitive pricing and convenience to help cost-sensitive consumers stretch their budgets...
To Read Full Story Login Below.