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Retail And Foodservice Retail Sales Surged In January, Fueled By Relief Checks; But Impact Is Waning

Written by The Ashton Report

Overall retail sales increased 5.3% in January, according to the latest data from the Census Bureau, driven by the $600 direct payment checks that were issued in late December and early January as part of late December Covid relief package. The increase follows three months heading into the holidays that saw retail spending decline. But…

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