Company News, Financial News

NRF: Retail Sales in October Rise as Consumers Begin Holiday Shopping

But health and personal care data shows a decline.

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By: Christine Esposito

Editor-in-Chief

Retail sales rose in October as many consumers began holiday shopping early to avoid any shortages amid pandemic-driven supply chain disruptions that are dominating businesses and shoppers this holiday season, the National Retail Federation reported yesterday. “Retail sales data for October reflects the enduring strength of consumers’ finances and willingness to spend as the holiday season gets underway,” NRF President and CEO Matthew Shay said. “The robust balance sheets of American househol...

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