Please ensure Javascript is enabled for purposes of website accessibility
US Retail Sales Grow for 5th Month in a Row
gvw_ap_news
By Associated Press
Published 5 years ago on
October 17, 2020

Share

NEW YORK — Retail sales rose strongly in September, the fifth straight month of growth, as Americans spent more on clothing, cars and sporting goods.

U.S. retail sales jumped 1.9% last month, the U.S. Commerce Department said Friday. That’s more than double what was economists were expected. And it’s up from the 0.6% increase in August.

“Americans raced to the stores in September,” said BMO Capital Markets analyst Sal Guatieri, in a note to investors, adding that they were “buying just about everything in sight, especially clothing.”

Sales at clothing stores rose 11%, accounting for much of September’s overall growth. Even sales at department stores, which have been falling out of fashion with shoppers for years, rose 9.7% last month.

At auto dealerships and auto part shops, sales were up 3.6%. And those looking to go camping or buy exercise equipment for their homes sent sales at sporting goods stores 5.7% higher.

Consumer spending makes up two-thirds of all U.S. economic activity, and is watched closely to gauge the country’s economic health.

Retail sales have been recovering since plunging in the spring as stores and malls were ordered closed to help prevent the spread of the coronavirus. And spending has continued even after more than 20 million unemployed Americans lost a $600 boost in their weekly unemployment checks at the end of July.

The Unemployment Rate Is Still High

Friday’s retail sales report covers only about a third of overall consumer spending. Services such as haircuts and hotel stays are not included in the report. All of those types of businesses have been badly hurt by the pandemic.

Whether people will keep shopping remains to be seen. The unemployment rate is still high, at 7.8% last month. Some economists say more federal checks for out-of-work Americans are needed to sustain spending. And some say rising COVID-19 cases could keep people away from stores.

Retailers are already facing a holiday season like no other.

Best Buy, Target and Walmart offered holiday deals in mid-October for the first time, piggybacking off Amazon which held its annual Prime Day sales event on Tuesday and Wednesday.

Stores hope the October deals will jumpstart holiday shopping early and keep crowds away from their stores in November and December, avoiding a potentially dangerous situation during a pandemic.

Walmart, the nation’s largest retailer, said this week it would offer Black Friday deals over three weekends in November instead of just one day after Thanksgiving.

The virus could also change how people shop, especially if they forgo travelling to see family and friends during the holidays.

Joyce Alcantara, who runs the social media accounts of a San Francisco museum, says she will likely buy fewer gifts this year, cutting out co-workers, friends or family that she doesn’t see in person. And for the gifts she does buy, Alcantara plans to skip big national chains and go to neighborhood shops that were more badly hurt by the pandemic.

“I’d rather use my money to support smaller businesses,” she says.

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

The TikTok Effect: Viral Videos Create the Next Travel Hotspots

DON'T MISS

‘The Studio’ Knows the Real Reason Movies Are Bad

DON'T MISS

US-China Tariff Talks to Continue Sunday, an Official Tells The Associated Press

DON'T MISS

Has America Given Up on Children’s Learning?

DON'T MISS

Could Trump Team Suspend Habeas Corpus to Expedite Deportations?

DON'T MISS

Two Teens Charged in Shooting Death of Caleb Quick

DON'T MISS

India and Pakistan Agree to a Ceasefire After Their Worst Military Escalation in Decades

DON'T MISS

Ukraine and Allies Urge Putin to Commit to a 30-Day Ceasefire or Face New Sanctions

DON'T MISS

Soviet-Era Spacecraft Plunges to Earth After 53 Years Stuck in Orbit

DON'T MISS

Tax the Rich? Slash Spending? Republicans Wrestle With Economic Priorities in the Trump Era

UP NEXT

India and Pakistan Agree to a Ceasefire After Their Worst Military Escalation in Decades

UP NEXT

Ukraine and Allies Urge Putin to Commit to a 30-Day Ceasefire or Face New Sanctions

UP NEXT

Israeli Airstrikes Kill 23 in Gaza as Outcry Over Aid Blockade Grows

UP NEXT

Experts Call Kennedy’s Plan to find Autism’s Cause Unrealistic

UP NEXT

Summer Movie Guide 2025: Here’s What’s Coming to Theaters and Streaming From May to August

UP NEXT

First At-Home Test Kit for Cervical Cancer Approved by the FDA, Company Says

UP NEXT

Leo XIV’s Service to Poor Propelled Him to Papacy, Cardinals Say

UP NEXT

Nitrous Oxide Recreational Use Risks: Brain Damage, Death, and Easy Access

UP NEXT

Former Supreme Court Justice David Souter, a Republican Who Became a Liberal Darling, Dies at 85

UP NEXT

Pope Leo XIV Celebrates First Mass as Pope and Calls His Election Both a Cross and a Blessing

Has America Given Up on Children’s Learning?

20 hours ago

Could Trump Team Suspend Habeas Corpus to Expedite Deportations?

23 hours ago

Two Teens Charged in Shooting Death of Caleb Quick

24 hours ago

India and Pakistan Agree to a Ceasefire After Their Worst Military Escalation in Decades

24 hours ago

Ukraine and Allies Urge Putin to Commit to a 30-Day Ceasefire or Face New Sanctions

1 day ago

Soviet-Era Spacecraft Plunges to Earth After 53 Years Stuck in Orbit

1 day ago

Tax the Rich? Slash Spending? Republicans Wrestle With Economic Priorities in the Trump Era

1 day ago

Israeli Airstrikes Kill 23 in Gaza as Outcry Over Aid Blockade Grows

1 day ago

Experts Call Kennedy’s Plan to find Autism’s Cause Unrealistic

1 day ago

Trump’s Trip to Saudi Arabia Raises the Prospect of US Nuclear Cooperation With the Kingdom

1 day ago

The TikTok Effect: Viral Videos Create the Next Travel Hotspots

A recent study from TripIt and Edelman Data & Intelligence discovered 69% of millennials and Gen Z use social media to find inspiration ...

3 hours ago

https://www.communitymedical.org/thecause?utm_source=Misfit+Digital&utm_medium=GVWire+Banner+Ads&utm_campaign=Branding+2025&utm_content=thecause
3 hours ago

The TikTok Effect: Viral Videos Create the Next Travel Hotspots

3 hours ago

‘The Studio’ Knows the Real Reason Movies Are Bad

18 hours ago

US-China Tariff Talks to Continue Sunday, an Official Tells The Associated Press

20 hours ago

Has America Given Up on Children’s Learning?

23 hours ago

Could Trump Team Suspend Habeas Corpus to Expedite Deportations?

The Clovis Police Department identified two suspects they have arrested in connection with the murder of Caleb Quick, 18, at a Saturday, May 10, 2025, news conference. (GV Wire Composite)
24 hours ago

Two Teens Charged in Shooting Death of Caleb Quick

24 hours ago

India and Pakistan Agree to a Ceasefire After Their Worst Military Escalation in Decades

1 day ago

Ukraine and Allies Urge Putin to Commit to a 30-Day Ceasefire or Face New Sanctions

Help continue the work that gets you the news that matters most.

Search

Send this to a friend