The official measure of broad consumer spending patterns based on the retail sales of consumer durables (goods that usually last more than three years) and consumer nondurables (that usually last less than three years).
Shareholders usually want to see the retail sales going up (which usually translate into higher corporate earnings). Bondholders favor declining retail sales that signal a slowing economy, lower inflation, and increase in bond prices.
Use retail sales in a sentence
This quarter our region's retail sales are up three percent from last quarter and seven percent from this time last year.
We were number one in retail sales and that made my manager really happy because last year, we were not.
The retail sales chain of our business was thriving likely in part to our extensive marketing effort in the region.