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August Retail Sales Jump 5.3% as Cinema Earnings Soar

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Story summary
  • Colliers reported August retail sales increased 5.3% year-on-year.
  • AMC Theaters sales jumped 69.9% and Regal Cinemas rose 61.8% in August.
  • Cinema earnings reached $4.8 billion from May to August, the highest in 13 years.
  • Spider-Man: Brand New Day earned $923.5 million, becoming the highest-grossing summer film ever.
  • Retail volume rose 1.7% while sales rose 5.3% as inflation lifted prices.