Mastercard Report: June Retail Sales Rise 11 Percent
Updated: Aug 25, 2021
WWD | July 9, 2021
June 2021 retail sales in the U.S. rose 11 percent over June 2020 and 10.4 percent over June 2019, according to Mastercard SpendingPulse. Last month marked the ninth consecutive month of total retail sales growth.
E-commerce growth continued to hold steady, up 8.3 percent last month compared to June 2020, and up 95 percent from June 2019. With June results indicating sustained momentum, retailers are poised to experience robust back-to-school and holiday selling seasons.
Department store sales were up 67.4 percent last month compared to June 2020, and up 11.8 percent from June 2019. Apparel specialty sales rose 62.1 percent, and 12.7 percent, from June 2020 and June 2019, respectively. Sales of furniture and furnishings were down 5.3 percent compared to last year’s strong sales, when consumers were doing home projects in the midst of the pandemic, but sales remain elevated for the sector overall compared to June 2019.
And according to Deloitte, back to school spending will reach $32.5 billion, about $612 a student, and back-to-college shoppers will spend $26.7 billion, about $1,459 a student. Rises are attributed to consumers spending more money on technology, after more reliance on tech during the pandemic.