Home / Knowledge / News / Apparel/Garments / US July clothing sales inch up 0.9%
US July clothing sales inch up 0.9%
14
Aug '13
It was a mixed bag for retailers in July, with sales gains in many back-to-school categories like clothing and sporting goods but surprising declines in home-based categories, including building materials and furniture stores. According to the National Retail Federation – the world’s largest retail trade association – July retail sales (excluding automobiles, gas stations and restaurants) increased 0.3 percent seasonally adjusted from June and increased 5.0 percent unadjusted year-over-year.

“Consumers continue to grind forward in July, marking 13 consecutive months of retail sales gains,” NRF President and CEO Matthew Shay said. “However, consumers alone can’t be expected to shoulder the burden of the economy. Fiscal and monetary policy uncertainties combined with stagnant economic and employment conditions continue to breed a volatile market with extreme swings in consumer spending. The economy can’t seem to maintain any amount of momentum. We just can’t seem to pull ourselves up.”

July retail sales, released by the U.S. Census Bureau, showed that total retail and food services sales (which include non-general merchandise categories such as automobiles, gasoline stations, and restaurants) increased 0.2 percent seasonally adjusted month-to-month and increased 5.4 percent adjusted year-over-year.

“Spending has stalled and the economy is stuck in neutral,” NRF Chief Economist Jack Kleinhenz said. “Even with modest employment gains and steady consumer confidence, Americans remain in a cautiously-positive spending pattern. While clothing and sporting goods retailers saw modest gains with early back-to-school shopping, home-based retailers saw marked decreases, possibly indicating the end of the year-long housing boom. This month’s retail sales report will make any decision on tapering that much harder for policymakers in D.C.”

Other findings from the July retail sales report include:

-Building material and garden equipment and supplies dealers stores’ sales decreased 0.4 percent seasonally-adjusted yet increased 9.8 percent unadjusted year-over-year.
-Clothing and clothing accessories stores' sales increased 0.9 percent seasonally-adjusted month-to-month and increased 5.3 percent unadjusted year-over-year.
-Electronics and appliance stores’ sales decreased 0.1 percent seasonally-adjusted month-to-month yet increased 0.8 percent unadjusted year-over-year.
-Furniture and home furnishing stores’ sales decreased 1.4 percent seasonally-adjusted month-to-month yet increased 5.1 percent unadjusted year-over-year.
-General merchandise stores’ sales increased 0.4 percent seasonally-adjusted month-to-month and increased 1.3 percent unadjusted year-over-year.


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search