Retail Receipts

During the 2023 Thanksgiving week, retail sales activity rose 6.3% Y-o-Y, the best weekly sales boost of the year as is almost always the case during Thanksgiving week. However, the rise in Y-o-Y sales was well down from last year’s 10.4%, 2021’s stunning 21.9% jump, and 2020’s Y-o-Y rise of 9.2%. This year’s boost was the weakest since 2017’s 4.8%. Buyers may be showing signs of fatigue.