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Press release content from Business Wire. The AP news staff was not involved in its creation.

KBRA Releases Research – COVID-19: May Retail Sales Soften 1.3% MoM but Hits 18% Above Pre-Pandemic Peak

June 23, 2021 GMT

NEW YORK--(BUSINESS WIRE)--Jun 23, 2021--

Kroll Bond Rating Agency (KBRA) releases research that discusses the pause in U.S. retail sales growth recorded in May 2021 and the strength of the retail sales recovery since the early months of the pandemic. Despite the May decline, retail sales have been buoyant in 2021, with even the most severely impacted retail categories tracked in the U.S. Census Advance Monthly Retail Sales Report exceeding the pre-pandemic high as of May.

Click here to view the report.

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About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210623005886/en/

CONTACT: Peter Scherer, Associate Director

+1 (646) 731-2325

peter.scherer@kbra.com

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Karen Daly, Senior Managing Director

+1 (646) 731-2347

karen.daly@kbra.com

Business Development

William Baneky, Managing Director

+1 (646) 731-2409

william.baneky@kbra.com

James Kissane, Senior Director

+1 (213) 806-0026

james.kissane@kbra.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: FINANCE BANKING OTHER RETAIL RETAIL PROFESSIONAL SERVICES

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2021.

PUB: 06/23/2021 02:24 PM/DISC: 06/23/2021 02:24 PM

http://www.businesswire.com/news/home/20210623005886/en