Home / Knowledge / News / Retail / July sales for clothing down 1.6% y-o-y in US: NRF

July sales for clothing down 1.6% y-o-y in US: NRF

19
Aug '19
Pic: NRF
Pic: NRF
Sales for clothing and clothing accessory stores were down 1.6 per cent year-over-year (y-o-y), but up 0.8 per cent month-over-month, seasonally adjusted in the month of July in Unites States, according to the National Retail Federation (NRF). Retail sales were up 0.9 per cent, seasonally adjusted from June and up 5.6 per cent unadjusted y-o-y. 

"July's strong results are consistent with a confident consumer," NRF chief economist Jack Kleinhenz said. "Households are in good shape with spending and that should continue as long as the labour market remains healthy. But it's important to remember that today's data is looking backward at what was happening a month ago. The impact of volatile financial markets and increased trade tensions in recent weeks may put a wind of caution in consumer spending as we move forward in 2019."

The release of July's numbers comes two days after the Trump administration delayed new tariffs on some consumer goods until December 15 to avoid any impact on holiday spending, but many products will still be hit by tariffs taking effect September 1 as scheduled.

As of July, the three-month moving average was up 3.5 per cent over the same period a year ago, compared with 3.7 per cent in June. July's results build on gains of 0.6 per cent month-over-month and 2.2 per cent y-o-y seen in June.

NRF's numbers are based on data from the US Census Bureau, which said that overall July sales – including auto dealers, gas stations and restaurants – were up 0.7 per cent seasonally adjusted from June and up 3.4 per cent unadjusted year-over-year.

Online and other non-store sales were up 19.3 per cent year-over-year and up 2.8 percent month-over-month seasonally adjusted, likely boosted by Amazon's Prime Day promotion.

"Volatile financial markets and increased trade tensions in recent weeks may put a wind of caution in consumer spending," said Kleinhenz.

The National Retail Federation is the world’s largest retail trade association. (PC)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Sep 2021

China's infrastructure plan to spur domestic demand, economic change

China’s State Council's executive meeting recently adopted the 14th...

Pic: Shutterstock

Apparel/Garments | On 27th Sep 2021

AAFA calls for tariff relief as US industry deals with shipping crisis

American Apparel & Footwear Association president and CEO Steve Lamar ...

Pic: Shutterstock

Textiles | On 27th Sep 2021

Bangladesh seeks duty-free market access to US

Bangladesh recently urged the US to provide duty-free access to its...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Akram Tariq Khan,

Akram Tariq Khan

E-commerce brand YourLibaas meaning "garment or attire" in Udru, was...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

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

Leave your Comments


September 2021

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


Advanced Search