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

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

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...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X