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US Retail Sales Soar; Backed by strong domestic demand

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Apparel Online India July, 16-31, 2016

READ MORE ON Fashion IndustryRetail Industry InformationUS Retail Sales

Despite a slowdown in job creation and rising gasoline prices, US retail sales are constantly on an increase as Americans are spending more money, spurring economic growth. As growth in various other markets continue to remain slow, all eyes are back on the US as it rises to the top of the fashion industry’s list of happening markets. In contrast to various markets such as China, Japan or Europe that are showing stagnant growth, the US is re-emerging from the global financial crisis it faced a few years ago and getting on its feet faster and stronger. This positive change is being seen in retail sales and in April 2016 the sales at most retailers jumped more than anticipated, clearly…

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Source: Apparel Online India July, 16-31, 2016
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