Sponsors
Billabong ▲ +0.015 | PPR ▼ -0.15 | American Apparel ▼ -0.018 | The Buckle ▲ +0.37 | Columbia ▲ +0.07 | Deckers Outdoor ▲ +0.80 | Dicks ▲ +0.77 | Foot Locker ▲ +0.39 | Genesco ▲ +1.10 | Iconix Brand Group ▲ +0.76 | Jarden Corp ▼ -0.16 | Nordstrom ▲ +0.57 | Luxottica ▼ -0.03 | Nike ▲ +1.19 | Pacific Sunwear ▼ -0.06 | Skullcandy ▲ +0.11 | Sport Chalet - 0 | Urban Outfitters ▲ +0.63 | VF Corp ▼ -0.29 | Quiksilver ▼ -0.03 | Zumiez ▲ +0.18 | Macys ▲ +0.63 | Tillys ▼ -0.04 |
Readers Say
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
Keeps me in the loop
Keeps me in the loop

Being an Executive Edition member allows me to not miss a beat when it comes to the Industry business news. Definitely keeps me in the loop plus goes great with my morning joe.

- By Tony Perez, Surfer and Surfing magazines
Industry Insight

4 reasons for B2B companies to embrace ecomm from NuORDER. Invitation to PROCOPIO's Labor and Employment Law seminar.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Retail sales increase in October, marking four straight months of growth

By
November 15, 2010 8:33 AM

Press Release:

 

Washington, November 15, 2010 – With four straight months of sales gains under their belts and with the holiday season fast approaching, retailers have reason for optimism as consumer spending finally shows momentum. According to the National Retail Federation, October retail industry sales (which exclude automobiles, gas stations, and restaurants) increased 0.3 percent seasonally adjusted over September and 2.6 percent unadjusted over last year.

 

“This continued momentum is good news for the industry, especially with Black Friday and Cyber Monday quickly approaching,” said NRF President and CEO Matthew Shay. “While there is no question that consumer demand has improved, there are still questions about consumer confidence tied to high unemployment. We need to see improvement in key economic indicators to sustain any long-term growth.”

 

October 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) increased 1.2 percent seasonally adjusted over September and 5.4 percent unadjusted year-over-year.

 

“While spending throughout the industry was varied, it appears the fourth quarter has gotten off to a solid start,” said NRF Chief Economist Jack Kleinhenz. “October’s results are a clear indicator that the economy and consumer spending continue to show marked improvement, even though we expect consumers to proceed with caution.”

 

Cooler, seasonal weather in October helped apparel and sporting goods stores’ sales. Clothing and clothing accessory stores sales increased 0.7 percent seasonally adjusted over last month and 1.4 percent unadjusted over last year. Sales at sporting goods, hobby, book and music stores increased 1.0 percent seasonally adjusted month-to-month and 5.9 percent unadjusted year-over-year.

 

Building material and garden equipment and supplies dealers sales also showed solid growth, increasing 1.9 percent seasonally adjusted month-to-month and 7.3 percent unadjusted over last year. Health and personal care stores sales decreased 0.1 percent seasonally adjusted from September but increased 1.6 percent unadjusted year-over-year.

 

As the world's largest retail trade association and the voice of retail worldwide, the National Retail Federation's global membership includes retailers of all sizes, formats and channels of distribution as well as chain restaurants and industry partners from the U.S. and more than 45 countries abroad. In the U.S., NRF represents the breadth and diversity of an industry with more than 1.6 million American companies that employ nearly 25 million workers and generated 2009 sales of $2.3 trillion. www.nrf.com

 

 


Articles You Might Have Missed