28 Nov 2022
Official figures from the US Census Bureau show retail sales for the month of October of $694.5 billion, an increase of 8.3% compared to the same month in 2021, writes Leatherbiz.
Mall of America, Minneapolis
October’s result is a continuation of growth in retail sales, which showed an increase of 9.4% in August and of 8.2% in September.
National Retail Federation chief executive, Matthew Shay, noted that a strong labour market and excess savings were likely to fuel sales in the five-day Thanksgiving Day holiday weekend, which includes Black Friday on November 25.
The NRF is predicting that sales will grow by between 6% and 8% in November and December.
We bring leather, material and fashion businesses together: an opportunity to meet and greet face to face. We bring them from all parts of the world so that they can find fresh partners, discover new customers or suppliers and keep ahead of industry developments.
We organise a number of trade exhibitions which focus on fashion and lifestyle: sectors that are constantly in flux, so visitors and exhibitors alike need to be constantly aware both of the changes around them and those forecast for coming seasons.
