Shoppers Splurged In January As New Stimulus Checks Arrived

People walk in front of stores in New York’s Herald Square on Jan. 8, 2021.

Angela Weiss / AFP via Getty Images

As it turns out, January was for shopping.

Retail spending soared 5.3% last month compared to December, much more than anticipated, as U.S. families began receiving new federal coronavirus relief checks.

People bought more across the board last month, the Commerce Department reported Wednesday: furniture, electronics, clothes, sports equipment, restaurant food, groceries.