Home / Knowledge / News / Textiles / Retailers report sluggish September sales, according to NRF

Retailers report sluggish September sales, according to NRF

16
Oct '08
With economic pressures hindering consumer spending, retail sales continued to lag in advance of the holiday season. According to the National Retail Federation, retail industry sales for September (which exclude automobiles, gas stations, and restaurants) decreased 0.7 percent seasonally adjusted from last month, while increasing 1.4 percent unadjusted year-over-year.

September retail sales released today by the U.S. Commerce Department show total retail sales (which include non-general merchandise categories such as autos, gasoline stations and restaurants) were flat (0.0%) unadjusted over last year and down 1.2 percent seasonally adjusted from August.

“With economic concerns weighing down consumers, retailers are facing incredible challenges heading into the fourth quarter,” said NRF Chief Economist Rosalind Wells. “Retailers are cutting operating costs by whittling back inventory levels and trimming labor costs, but it is nearly impossible for companies to fully counteract a complete pullback in consumer spending.”

There were few bright spots as the slowdown in consumer spending impacted most discretionary retail categories. Sales at furniture and home furnishing stores decreased 2.3 percent seasonally adjusted from the previous month and dropped 9.2 percent year-over-year unadjusted. Electronics and appliance stores declined 1.5 percent month-to-month seasonally adjusted while decreasing 2.1 percent unadjusted from September 2007.

Apparel retailers also saw declines of 2.3 percent seasonally adjusted from August and dipped 2.0 percent unadjusted year-over-year.

As consumers continue to focus on necessities, health and personal care stores' sales remained solid, increasing 0.4 percent seasonally adjusted from last month and 6.3 percent unadjusted year-over-year. Grocery stores also posted strong gains, increasing 3.8 percent unadjusted from September 2007, while decreasing 0.4 percent from August.

National Retail Federation


Interviews View All

Top executives, Indian retail players

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Office bearers, Textile industry

Office bearers
Textile industry

There might be negative impact on garment exports

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

Alexander Foll,

Alexander Foll

Germany-based H Stoll AG &amp; Co KG manufactures flat knitting machines....

Teresa Neal,

Teresa Neal

Teresa Neal, an art professional with 25 years of experience, in...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman, Gildan Activewear SRL

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

Leave your Comments


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search