Retail sales in May stronger than first reported
18/06/2012 - By Alexander Galasso
Consumer spending was up in May.
Credit Card Processing
Retailers might have fared better with their point-of-sale terminal
takes in May than was first thought. Recent reports have shed some light on data released on consumer spending last night, showing that instead of dropping, sales were actually up when excluding automotive and gas purchases.
In fact, when taking the real sales data that is not seasonally adjusted and does not include spending on gas, retailers experienced 4.6 percent gains between May 2011 and 2012, according to The Wall Street Examiner
. Moreover, since 2010, consumer spending across the sector has grown at an annual rate between 0 and 7.5 percent.
However, businesses in the electronics, furniture, apparel, nonstore retailers and ecommerce all reported gains, Fox Business
reports. Throughout this year, apparel merchants have reported strong sales, especially those companies that have developed a multichannel approach to retailing.
When companies build a web-based storefront to complement a brick-and-mortar store, they can capitalize on additional sales opportunities, which may help them ride out months that yield slower sales. If a business chooses to establish additional presences that accommodate payment processing
, it's important to ensure customers have the same high-quality experience no matter where they make purchases.
Articles written by ChargeNational.com's editorial team. For more information, click here.
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