Fourth Quarter 2021 Revenue Grew 9% Over Last Year, While Overall Consumer Spending Grew 15%
U.S. consumer spending on general merchandise ended the year up 15% compared to 2020, with a 6% increase in unit sales. While the holiday shopping brought positive retail results, the early part of the year delivered more significant year-over-year gains. The fourth quarter of 2021 contributed 9% revenue growth and 1% unit growth over the prior year, according The NPD Group.
“Consumers’ grab-it-when-you-see-it mentality, especially related to pandemic-driven needs has not gone away..."
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