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 24th May 2017

Maharashtra state passes State GST bill

The Maharashtra Assembly has passed unanimously the State Goods and...

Apparel/Garments | On 24th May 2017

G-III Apparel enters into license agreement with PVH

G-III Apparel Group has entered into a multi-year license agreement...

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Interviews View All

Karan Toshniwal
Orange O Tec

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

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Eamonn Tighe
Nature Works LLC

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

Silke Brand-Kirsch
Schlegel und Partner

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mike Hoffman
Gildan Activewear SRL

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

Tony Ward
Tony Ward

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, 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:
May 2017

May 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