SCC - Retail Outlook: Delta Variant Triggers Shift In Consumer Sentiment And Retail Sales

• The Covid-19 Delta variant continues to trigger shifts in consumer sentiment, and this is reflected in retail sales and earnings results.
• The latest U.S. retail sales numbers show that the strongest spending happened at non-store retailers, suggesting that consumers are still gravitating online and might still be avoiding in-person shopping.
• The latest Census Bureau reading on e-commerce posted record sales of $225 billion in the second quarter of 2021. This represents a 9.1% growth from a year ago.

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