Retailers see better-than-expected sales in May
Following several months of stagnant sales, retailers across the United States saw their totals rise in May, which was most likely the result of warmer weather and consumers having a more positive outlook on their financial futures. However, many businesses are still hesitant to see what the coming months bring in terms of sales.
The Los Angeles Times reports that data from Thomson Reuters revealed that retail sales rose 3.9 percent last month from April. This was more than analysts' expectations of a 3.7 percent jump, the news source explains. One of the main reasons for the boost in sales was due to shoppers being more optimistic about the nation's economy and their own finances. An improving employment sector contributed to increases in confidence as well. Additionally, rising temperatures in May following a colder-than-normal winter helped get customers to retail stores to stock up on summer merchandise.
If retails sales continue to jump in the coming months – which will be much welcome news for merchants – companies will need to streamline their operations to meet consumer demand. Retail management software can help make transactions easier and more efficient, and point of sale systems can ensure that businesses are able to accept all forms of payments, further boosting patron satisfaction.