US nonstore retail sales jump nearly 25% in May (digitalcommerce360.com)

After a gruesome showing in April with U.S. total retail sales plummeting to recession-level numbers, May spending made an unexpected recovery as states allowed more retail stores to reopen. The easing of coronavirus-related business closures and stay-at-home orders gave overall retail a much-needed boost, yet the recent surge in online and other nonstore sales as people were forced to place orders from the safety of their own homes showed no signs of slowing last month, new U.S. Department of Commerce data shows.

Consumer spending through nonstore channels increased 24.6% year over year in May—the highest growth rate ever recorded for the month, according to a Digital Commerce 360 analysis of the Commerce Department’s advance monthly figures released Tuesday. Numbers exclude estimated fuel sales. The jump also represents the second-largest year-over-year uptick of any month in the history of the agency’s available data, falling behind only December 2019, when nonstore sales swelled by 25.7%.

Year-over-year nonstore spending increases have been steadily growing since March, when the global pandemic took hold in the United States and President Donald Trump declared a national state of emergency. May edged out April’s already impressive 24.1% nonstore spending growth.
more at source: https://www.digitalcommerce360.com/2020/06/16/us-nonstore-retail-sales-jump-nearly-25-in-may/

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