Electronic Transactions Association (ETA), today released a mid-year U.S. Retail Spending Report Card. The report finds that despite recent headlines of declining retail sales, certain retail sectors, led by discount stores, are thriving as consumers regain confidence.
The ETA/TSG report tracks year over-year (YOY) growth for same store sales in the month of June. The data leveraged is sourced from TSG’s data warehouse of over 3.5 million card-accepting merchants in the U.S.
Key Highlights Include
- Discount stores and lumber and building stores are among the big winners with over 10% growth over last year.
- Household appliance stores, floor covering and carpet stores, and furnishing specialty stores saw 6-8% growth over last year.
- Garden stores, automotive tire stores, auto supply and hardware stores, computer software stores, men’s clothing, and shoe stores also saw impressive growth between 4-6%.
Next month, TSG and ETA will release a comprehensive analysis on consumer holiday spending in advance of Black Friday and Cyber Monday.
Please email TSGMetrics@TheStrawGroup.com with questions