Retail sales are expected to grow this year between 6.5% and 8.2%, amounting to more than $4.33 trillion in sales, as the U.S. economy begins to reopen and more and more individuals receive the Covid vaccine, the National Retail Federation said Wednesday.
A preliminary reading shows that retail sales grew 6.7% to $4.06 trillion last year, the industry’s leading trade group said, despite the health and economic challenges sparked by the pandemic. That was largely boosted by nearly 22% growth online.
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