Retail spending dipped in January 2025 after December’s holiday surge, yet YoY growth remained strong.
Total retail sales fell 1.07 per cent month over month but rose 5.44 per cent year over year.
Online sales soared 30.49 per cent annually.
National Retail Federation (NRF) CEO Matthew Shay noted consumers remain value-conscious, balancing spending across essentials and non-essentials.