U.S. retail sales have started to pick up after COVID-19 lockdowns have been relaxed with total sales rising 2.9% year over year in June. Yet, that’s largely down to food, gas and autos with furniture and clothing down by 27.8% and 5.0% respectively. Importers of consumer goods are left with tough choices to make ahead of the peak shopping season. Total U.S. imports of consumer discretionary products fell by 12.9% year over year in June due to a slump in the autos sector. Home furnishings and apparel dropped by 6.1% and 29.9% respectively, the latter including the effect of bankruptcies....
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