13 days ago • Posted by William Ramstein

Sales show robust trend as consumers spending rises

Clothing traffic and brick and mortar sales have been on the rise, says credit card data from Bank of America. The week ended May 29th shows a 24.4% YoY increase in retail sales (excluding cars). E-commerce sales have actually slowed down a bit but are still up 1.3% YoY, which volume is still bulky considering an impressive 2020 e-commerce year. 

Source: BoA