Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  News


Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
10/15/2012 | 06:55pm CEST

For Immediate Release
Stephen E. Schatz (202) 626-8119

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
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news
Date Title
05:22p NORFOLK SOUTHERN : Management's Discussion and Analysis of Financial Condition and Results of Operations. (form 10-Q)
05:21p EVRY : playing for digital advantage with application management
05:21p ALTRAN TECHNOLOGIES : demonstrates new VueForge® solutions at the IOT Solutions World Congress Barcelona 2016
05:21p PRIME MINISTER OFFICE OF SINGAPORE : Transcript of PM interview with Ian Bremmer, President of Eurasia Group and editor-at-large and Foreign Affairs Columnist at Time Magazine on 20 October 2016
05:21p WHIRLPOOL : Breaks Ground on Newest Wind Project
05:21p RELM WIRELESS : and E-Comm Emergency Communications for British Columbia Enter Agreement for Project 25 Portable and Mobile Radios
05:21p UNCTAD UNITED NATIONS CONFERENCE ON TRADE AND DE : Sovereign debt crises more likely, new mechanisms needed
05:21p MINISTRY OF ENVIRONMENT AND WATER RESOURCES OF : Speech by Mr Masagos Zulkifli, Minister for the Environment and Water Resources, at the Singapore Apex Corporate Sustainability Awards Gala Dinner 2016 on 26 October 2016 at Parkroyal On Pickering
05:21p FSB FINANCIAL STABILITY BOARD : Regional Consultative Group for Sub-Saharan Africa discusses financial stability issues and regulatory reforms
Latest news
Hot News 
8.17%KERING : shares at 15-year high as Gucci turnaround impresses
-13.55%Stocks Fall as Earnings Disappoint, Oil Slips
-12.61%LWPartners says Dycom shares can double or triple
-7.44%CHIPOTLE MEXICAN GRILL : quarterly restaurant sales down more than expected
-7.35%GRUBHUB : Profit Soars
Most Read News
10/25 SAMSUNG ELECTRONICS : Apple's holiday surprise - big sales, not so big profits
05:17a Bumpy switch to new models hits Airbus Group's third-quarter profits
10/25 APPLE : For Apple, surprise hunger for big phones leaves money on table
10:30a TSX falls as earnings misses, oil price fall weigh
03:13a TOYOTA MOTOR : to recall 5.8 million cars in Japan, China, Europe over Takata airbags
Most recommended articles
08:15aDJS&P 500, Nasdaq Futures -- Technical Analysis
10/25 DEUTSCHE BANK : Schaeuble says monetary policy has reached its limits
10/25 APPLE : Gadgets in decline as R&D shifts to software and services - study
10/24DJGold Prices Turn Lower Amid Strong Economic Data