With retail sales numbers rising, how are these 3 ASX shares performing? // The Motley Fool Australia

Retail sales are a good indicator for how the economy is moving along. If people are spending money, that means that they must be making money. Retail sales also offer a tangible indication of consumer spending as a whole, which is an important part of any country’s gross domestic product (GDP).

November retail sales soared 7.1% month-to-month according to Monday’s retail trade report released by the Australian Bureau of Statistics (ABS). Year-over-year, retail sales posted a massive 13.3% gain.

Let’s take a look at some ASX retail players and see how they’ve been faring. 

With a market cap of $58.3 billion, Wesfarmers is the biggest player in the retail space on the ASX. The Wesfarmers share price has jumped higher than…