It's Tuesday, June 16th. Welcome to Market Fullery. I'm Chris Hill with me today. It's Abby

Mallon. Good to see you.

Thanks for having me. We're going to talk about the business of exercise.

We are going to dip into the full mail back,

but we are going to start with retail,

because retail sales for the month of May came in nearly 18% higher than the previous months. month

that came in nearly 18% higher than the previous month that is a record even if you back out

auto sales that's also a record

although every once in a while we talk about businesses that you know maybe like a struggling

retailer and they had a good quarter and we talk about their same store sales growth and we say

yeah it was off of a low base this is great to see but this is in

comparison to the retail sales we saw in April which were quite low. Right right

I do think we should make that caveat right so? So it is still below COVID or pre COVID levels. So spend was about $486 billion in May and spend in February of pre-CVID, pre--shut down, the spend was about 527 billion.

So we are low on a historical looking back perspective, but it is marginally better.

Marginally better, although, you know, there are a couple of categories that even if you go back

pre- Pandemic, you compare them to, you know, what we saw in January and February.

They're up solidly and not surprisingly,

you know, it's not a big list,

but not surprisingly, the e-commerce just continues

to be incredibly strong, even, again again not just compared to April but even compared to

pre-pandemic months.

That is true online sales were up almost 78% in May according to Adobe Analytics and I think you know that number makes sense and I think it's something that we're going to continue to see even as

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