U.S. Retailer Industry Foot Traffic Analysis | May 2023

by | 22 June 2023

Colliers Retail Market Intelligence

Retail fundamentals improved in May as foot traffic increased by 6.6%, and sales grew by 0.3% over April.

Discounters saw a 3.4% increase in foot traffic as the Memorial Day holiday offered discounts and bargains while helping to stimulate retail spend in May.

Restaurants notched a third straight month of sales gains, conveying that services spending remained buoyant, while quick-service restaurants remain appealing to consumers as the leaders in average visits.

Pressure continues on middle market shoppers as they migrate to value apparel channels like off-price. This trend is one of the reasons why department stores saw their sales fall by 3.0% and foot traffic decrease by 2.8% over the year.

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