Traditional statistical measurements do not accurately reflect the industry’s contribution to the economy amid the increase in online shopping and other changes.
The retail industry is set for an optimistic few months, with U.S. consumers — both those vaccinated and not – set to increase spending this summer across key product categories.
The Home Depot crushed analysts’ first-quarter estimates as net sales surged almost 38% amid consumers’ ongoing spending on home improvements and a booming housing market.