Shop til you drop
In January, retail sales jumped +10.8% year over year. That's the biggest increase since 1999. This is a stunning number because we aren't even comping the lockdown months yet. Just wait until we hit March and April where we will be comping -2.6% and -15.3% respectively. The April retail sales will be above 35% growth!
With COVID cases dropping like a rock and vaccinations increasing, Americans will soon be traveling and spending in force. The tidal wave of spending has just begun.
Header photo from Unsplash freestocks