Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

NRF - National Retail Federation : Consumer Spending Surged in September, According to NRF

10/15/2012 | 12:55pm US/Eastern


For Immediate Release
Stephen E. Schatz (202) 626-8119
SchatzS@NRF.com

Consumer Spending Surged in September, According to NRF

WASHINGTON, October 15, 2012 - Propelled by solid sales in clothing and electronics stores, growth in retail sales in September offered a promising outlook for the critical holiday months ahead.  According to the National Retail Federation (NRF), September retail sales (excluding automobiles, gas stations and restaurants) increased 0.4 percent seasonally adjusted from August, and 2.1 percent unadjusted year-over-year.

"In spite of the uncertainty and unease surrounding our nation's high unemployment and long-term fiscal challenges, consumers continue to spend and shop," NRF President and CEO Matthew Shay said. "Robust back-to-school spending combined with a series of new, technology-led product launches certainly helped retailers in September. The American consumer is holding their own in this economic environment but the question remains, for how long?"

September retail sales, released today by the U.S. Department of Commerce, showed total retail and food services sales (which include non-general merchandise categories such as automobiles, gasoline stations, and restaurants) increased 1.1 percent seasonally adjusted month-to-month and 5.4 percent unadjusted year-over-year.

"With recent data painting a more optimistic view of consumer confidence, we can finally see some light at the end of the tunnel," NRF Chief Economist Jack Kleinhenz said. "While the latest retail sales data indicates continued improvement for the economy, increasing gas prices and the looming fiscal cliff still pose serious challenges to the momentum we've seen in consumer spending."

Other findings from the September retail sales report include:

•    Clothing and clothing accessories stores' sales increase 0.6 percent seasonally-adjusted month-to-month and 3.6 percent unadjusted year-over-year.

•    Electronics and appliance stores' sales increased 4.5 percent seasonally-adjusted month-to-month and 2.5 percent unadjusted year-over-year.

•    Furniture and home furnishing stores' sales increased 0.4 percent seasonally-adjusted month-to-month and 5.1 percent unadjusted year-over-year.

•    General merchandise stores' sales increased 0.3 percent seasonally-adjusted month-to-month but decreased 1.2 percent unadjusted year-over-year.

•    Health and personal care stores' sales increased 0.4 percent seasonally-adjusted month-to-month yet decreased 2.0 percent unadjusted year-over-year.

•    Nonstore retailers' sales increased 1.8 percent seasonally-adjusted month-to-month and 8.7 percent unadjusted year-over-year.

•    Sporting goods, hobby, book and music stores' sales increased 0.8 percent seasonally-adjusted month-to-month and 3.9 percent unadjusted year-over-year.

Congruent with NRF's revised definition of retail sales to include "auto parts, accessories and tire stores" and "nonstore" sales, NRF is now projecting year-over-year retail sales growth of 4.5 percent. The revised definition seeks to be more representative of the retail industry's diversity, and better reflect the growth and economic influence of e-commerce and mobile retail sales.

As the world's largest retail trade association and the voice of retail worldwide, NRF represents retailers of all types and sizes, including chain restaurants and industry partners, from the United States and more than 45 countries abroad. Retailers operate more than 3.6 million U.S. establishments that support one in four U.S. jobs - 42 million working Americans. Contributing $2.5 trillion to annual GDP, retail is a daily barometer for the nation's economy. NRF's Retail Means Jobs campaign emphasizes the economic importance of retail and encourages policymakers to support a Jobs, Innovation and Consumer Value Agenda aimed at boosting economic growth and job creation. www.nrf.com

###



distributed by
React to this article
Latest news
Date Title
11:54a OPENGATE CAPITAL : Strengthens Executive Operations Team with Hire of Desmond Nugent
11:53a Cigar maker STG narrows range of its IPO - source
11:52a ICELANDAIR HF : Looking back on a good year
11:52a Global Menstrual Cup Market 2016-2020 - Lack of Social Acceptance a Market Challenge - Research and Markets
11:51a ACKERMANS : & van Haaren: Redemption of shares
11:51a ESI : Acquisition of Mineset Inc., a big data visual analytics and machine-learning specialist
11:51a ANGLO ASIAN MINING : Second Price Monitoring Extn
11:51a INTRALINKS : How Much Does Your Schedule K-1 Process Cost?
11:51a TENASKA : Marketing Ventures Ranks No. 1 Major Marketer in Customer Value, Loyalty
11:51a THERADIAG : 08 / 02 / 2016 : 2015 revenues: very strong sales growth of Lisa Tracker kits
Latest news
Advertisement
Hot News 
UBS : Offers Two Innovative Australian ETFs Based on Morningstar Indexes
ACTIVE ENERGY : AEG CoalSwitch Intl. Reveal Event & Developments
MARIANA RESOURCES : Finds Best Intercept To Date At Hot Maden Project In Turkey
ALECTO MINERALS : Strikes Deal To Develop Kossanto West Project With Randgold
PURICORE : Strategic Review and Trading Update
Most Read News
11:41a Global shares tumble on global growth concerns; Treasury yields fall
02:59a TAKASAGO : Acquisition of Natural Ingredients Company in U.S.A.
12:03a Venture Global Calcasieu Pass and Shell LNG North America Execute Twenty Year LNG Sales and Purchase Agreement
02/07DJSuper Bowl TV Ads Bring Lighter Tone--
12:04a MINISTRY OF PETROLEUM AND NATURAL GAS OF REPUB : Global Crude oil price of Indian Basket was US$ 31.06 per bbl on 05.02.2016
Most recommended articles
11:53a Cigar maker STG narrows range of its IPO - source
11:46aDJStar Wars' Is the Force Behind Strong Hasbro Sales -- Update
11:42a Shares tumble on global growth concerns; Treasury yields fall
11:41a Global shares tumble on global growth concerns; Treasury yields fall
11:40a Cloud and data analytics stocks extend losses after bloodbath