Retail Trade

Apparel Retail Sales in the US sees Good Jump

INFLATION HITS RETAIL SALES GLOBALLY

A report released by Wazir Advisors indicate that in the month of March 2022 the apparel store sales in the US reached US$ 17 billion 4% higher than Mar 2021.

On Year to Date bases the sales are 15% higher than 2021.

Online sales of clothing and accessories in 2021 stood at US$ 62 bn., which is 5% higher than 2020. In last four years, online sales have grown at a CAGR of >13%.

The home furnishing store sales were 9% higher than in Mar 2021 closing at US$ 5.9 bn 12% higher than 2021.

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