Home / Knowledge / News / Clothing store sales drop
Clothing store sales drop
25
Feb '08
Retail sales rose by 0.6% in December to an estimated $35.1 billion on the strength of sales by new car dealers. This was the third increase in retail sales in four months and helped make 2007 the year with the second highest retail growth rate since 2002.

In 2007, retailers sold an estimated $412.2 billion worth of goods and services, up 5.8% over 2006.

Sales in the automotive sector (+3.2%) accounted for most of the December increase in sales. Excluding two of this sector's components, new car dealers and used and recreational motor vehicles and parts dealers, retail sales fell 0.4% in December, the first decrease in five months.

Holiday sales started hot off the mark in November, but lost steam rather quickly, leaving traditional Christmas retailers with rather disappointing sales in December, including clothing and accessory stores (-2.7%), miscellaneous retailers (-1.2%), furniture, home furnishings (-1.1%).

After November posted the biggest jump in monthly sales since early 2007, general merchandise stores (+0.5%) faced only moderate growth in December. Sales at personal care stores (+0.1%) continued to stagnate as in the previous two months.

When price changes are taken into account, retail sales in constant dollars rose 0.5% in December.

In the fourth quarter of 2007, retailers posted a 1.2% increase in sales, mainly due to a 2.9% hike in sales in the automotive sector. This more than offset the 0.3% decline in the third quarter of 2007, which followed increases above 2.0% in the first two quarters of 2007.

Must ReadView All

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search