US retail sales in July 2013 (which include non-general merchandise categories such as automobiles, gasoline stations, and restaurants) increased 0.2% seasonally adjusted month-to-month and increased 5.4% adjusted year-over-year, according to the US Department of Commerce and US Census Bureau.
Retail trade sales were up 0.1% from June 2013 and 5.6% above last year. Non-store retailers were up 8.8% from July 2012 and auto and other motor vehicle dealers were up 13.3% from last year.
Other findings from the June retail sales report include: building material and garden equipment and supplies dealers stores’ sales decreased 0.4% seasonally-adjusted yet increased 9.8% unadjusted year-over-year. Clothing and clothing accessories stores’ sales increased 0.9% seasonally-adjusted month-to-month and increased 5.3% unadjusted year-over-year. Electronics and appliance stores’ sales decreased 0.1% seasonally-adjusted month-to-month, yet increased 0.8% unadjusted year-over-year. Furniture and home furnishing stores’ sales decreased 1.4% seasonally-adjusted month-to-month, yet increased 5.1% unadjusted year-over-year.
General merchandise stores’ sales increased 0.4% seasonally-adjusted month-to-month and increased 1.3% unadjusted year-over-year. Health and personal care stores’ sales increased 0.7% seasonally-adjusted month-to-month and increased 3.3% unadjusted year-over-year. Nonstore retailers’ sales increased 0.1% seasonally-adjusted month-to-month and increased 11.3% unadjusted year-over-year. Sporting goods, hobby, book and music stores’ sales increased 0.1% seasonally-adjusted month-to-month and increased 11.3% unadjusted year-over-year.
“Consumers continue to grind forward in July, marking 13 consecutive months of retail sales gains. However consumers alone can’t be expected to shoulder the burden of the economy. Fiscal and monetary policy uncertainties combined with stagnant economic and employment conditions continue to breed a volatile market with extreme swings in consumer spending. The economy can’t seem to maintain any amount of momentum. We just can’t seem to pull ourselves up,” says Matthew Shay, president, National Retail Federation (NRF).
“Spending has stalled and the economy is stuck in neutral. Even with modest employment gains and steady consumer confidence, Americans remain in a cautiously-positive spending pattern. While clothing and sporting goods retailers saw modest gains with early back-to-school shopping, home-based retailers saw marked decreases, possibly indicating the end of the year-long housing boom,” adds Jack Kleinhenz, chief economist, NRF.
How much technology is too much technology? Tech has inevitably become asApril 15, 2021 | By Shruthi Nair
According to a report by the United Nations, the fashion industry accountsFebruary 18, 2021 | By Shruthi Nair
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
UAE-based Al Maya Supermarkets is hosting a two-week food festival at select
Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the
Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created
UAE-based Al Islami Foods, one of the largest frozen food companies in
Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free
World’s largest fully integrated online brand in fresh fish and meat e-commerce
Who isn’t a sucker for discounts? Customers today are spoiled for choice
The various e-commerce and virtual retail stores that cater to different product
A private helicopter carrying the chairman and managing director of Lulu Group,
Tighter restrictions on hotels, restaurants, shopping malls and entertainment venues on account of
All hotels and restaurants have been directed to temporarily hold entertainment activities
The new Dubai Gold Souk is “very much on track”, according to
Gone are the days of traditional brick-and-mortar as well as purely e-commerce
The Dubai Gold & Jewellery Group’s ongoing jewellery campaign, held in association
Retail Abu Dhabi, the retail platform of the Department of Culture and
Gulf Marketing Group (GMG) is gearing up for a continued surge in
UAE-based Emaar Malls have announced the resignation of its CEO, Rajiv Suri
The Lumière Co, a new e-commerce platform, has launched to offer young