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May’s Retail Sales Data Suggests US Economy Still on Solid Footing

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

An 11.4 percent year-over-year growth in online and other non-store sales, combined with gains in most other retail sectors, helped give the May retail sales report a healthy boost, which in turn suggests a resilient consumer who is confident about the economy. The monthly retail sales report from the U.S. Census Bureau excludes sales from automobile…

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