Home / Knowledge / News / Retail industry is still not out of the woods, NRF Economist
Retail industry is still not out of the woods, NRF Economist
17
Nov '09
Retailers hoping for some momentum heading into the holiday season are seeing some mixed signals as some categories saw positive gains while others demonstrated weakness. According to the National Retail Federation, retail industry sales (which exclude automobiles, gas stations, and restaurants) were flat seasonally adjusted from September and fell 1.3 percent year-over-year.

“Though the October numbers show some signs of optimism for retailers, the industry is still not out of the woods,” said NRF Chief Economist Rosalind Wells. “While categories like apparel, sporting goods, books, music and personal care fared well, housing-related categories such as furniture and home improvement continued to struggle.”

October retail sales released by the U.S. Commerce Department show total retail sales (which include non-general merchandise categories such as autos, gasoline stations and restaurants) increased 1.4 percent seasonally adjusted from the previous month , but decreased 1.7 percent unadjusted year-over-year.

Clothing and clothing accessories stores saw strong gains with sales increasing 0.4 percent seasonally adjusted from the previous month and 3.6 percent unadjusted year-over-year. Health and personal care stores remain a bright spot in retail with a sales gain of 0.5 percent seasonally adjusted from the previous month and an increase of 3.8 percent unadjusted from October 2008. Sporting goods, hobby, book and music stores saw a monthly sales decline of 1.2 percent seasonally adjusted, but increased a solid 3.0 percent unadjusted year-over-year.

Categories related to housing lagged in October, demonstrating that the housing market still has a long way to go toward recovery. Furniture and home furnishing stores were down 0.8 percent seasonally adjusted for the month-to-month and down 7.6 year-over-year. Building material, garden equipment and supplies stores dipped 2.4 percent from September and dropped 16.6 percent from same period a year ago.

NRF continues to forecast a holiday sales decline of 1.0 percent. The holiday season is defined as retail industry sales in November and December.

National Retail Federation

Must ReadView All

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Courtesy: Alizilla

Apparel/Garments | On 24th Mar 2017

Alibaba's eWTP finds first overseas base in Malaysia

In a step towards using the internet to bring small businesses around ...

Textiles | On 24th Mar 2017

BJMC to produce cotton-jute blended denim fabrics

To meet demand from the market, Bangladesh Jute Mills Corporation...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Bani Batra

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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:
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search