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
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 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Textiles | On 20th Jan 2017

Xeros to focus on textile sector to develop technology

Xeros technology group plc, the developer and provider of patented...

Apparel/Garments | On 20th Jan 2017

Nine West acquiring womenswear marketer Kasper Group

US based footwear, accessories and denim company Nine West Holdings...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Siddharth Biyani
Mangalam Industries Pvt Ltd

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

Johan Berlin
InvestKonsult Sweden AB

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

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


Browse Our Archives


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