In today’s leading retail news, Sally Beauty reported that its second quarter consolidated same-store sales grew 6.5%, while Wayfair said its total revenue had increased by almost 50% year over year. Plus, new economic analysis shows consumers are eager to spend.
Sally Beauty Holdings Increases Net Sales Amid Accelerating Consumer Demand
Sally Beauty, which operates approximately 5,000 retail outlets, said its second quarter consolidated same-store sales increased 6.5%, with net sales also increasing amid increasing demand for retailers. domestic consumers. âIn the United States, we saw an acceleration in consumer demand in the latter part of the quarter, which resulted in a 6.3% increase in net sales,â said President and CEO Chris Brickman in a results announcement.
Wayfair Revenue Grows With Growing Active Customer Base
Wayfair reported as part of its financial results that total revenue grew 49.2% year-over-year to $ 3.5 billion in the first quarter of 2021. The e-commerce platform Home Furnishings and Home Goods reported that its number of active customers rose 57.3% to 33.2 million as of March 31. Regular customers placed 74.5% of total orders in the first quarter of 2021.
Consumers willing to spend: Mastercard data shows 23% pop in April Retail sales
American consumers who have been stranded at home are excited to dress up, go out, dine in restaurants and reconnect with the world, as shown in a new economic analysis. The April Mastercard SpendingPulse report said US retail sales jumped 23.3% in April from a year earlier, marking the most recent sign of an economic recovery.
Etsy Says Ecommerce Will Slow Even As New And Repeat Buyers Soar
Etsy announced as part of its first quarter results that the âincredible momentumâ it experienced in 2020 during pandemic lockdowns continued into the first quarter. However, the market company has warned that its triple-digit growth rate will slow along with a wider deceleration in e-commerce.