Seasonally adjusted after-tax profits for retail corporations with assets of $50 million+ were $36.6 billion for first quarter 2023, up 5.6 billion compared to fourth quarter 2022 and up $1.7 billion from the same period last year. Some of those retailers are reinvesting that profit into their supply chain processes, including new technology and analytical tools, according to the Wall Street Journal.
U.S. retail and food services sales for May 2023 were $686.6 billion, up 0.3% from the previous month and up 1.6% above May 2022, according to the U.S. Census Bureau’s economic report on June 15.
Transportation and warehouse revenue for the first quarter of 2023, adjusted for seasonal variation but not price changes, declined 2% from Q4 2022. First quarter revenue, $346.2 billion is up 1.2% year-over-year.
U.S. Total business end-of-month inventories for April 2023 were $2,543.8 billion, up 0.2% from last month. U.S. total business sales were $1,821.6 billion, up 0.1% from March.