Did you hear?… U.S. retail sales climb 2.3 percent in January

The Commerce Department reported that retail sales outpaced expectations and rose a seasonally adjusted 2.3 percent in January as gasoline and automobile sales strengthened.
Author:
Updated:
Original:

The Commerce Department reported that retail sales outpaced expectations and rose a seasonally adjusted 2.3 percent in January as gasoline and automobile sales strengthened. Excluding the 2.9 percent gain in auto sales, seasonally adjusted retail sales rose 2.2 percent for the month. Overall, retail sales were the strongest since May 2004.

Retail sales were much more robust than the 0.9 percent gain anticipated by economists surveyed by MarketWatch, a wholly-owned subsidiary of Dow Jones & Company. Retail sales excluding autos were also far stronger than the 0.8 percent expected. Excluding auto sales, retail sales were the highest since December 1999. Retail sales for December were revised down to 0.4 percent from 0.7 percent. Excluding auto sales, retail sales for the month were unrevised, gaining 0.2 percent.

The numbers were strongly aided by warm weather in much of the United States in January, but February's numbers are likely to be much softer, economists say.

Sales at stores selling leisure-time items including sporting goods rose 1.5 percent, while clothing store sales climbed 4.2 percent. Sales at non-store retailers, such as catalogs and online, were down 2.6 percent.

Related

Did you hear?... December retail sales rise 4.1 percent

As the weather finally turned more winter-like, consumers responded in kind, lifting total December retail sales 4.1 percent adjusted over the prior year, according to the latest data from the U.S. Commerce Department. In addition, November 2001 retail sales were revised higher, ...read more

Did you hear?... Online sales rose 0.2 percent to $7.47 billion in Q3

According to a new study from the U.S. Department of Commerce, online sales rose 0.2 percent to $7.47 billion in Q3. Third quarter online sales for this year were 8.3 percent higher than those in Q3 2000, when they totaled $6.89 billion. Total retail sales fell by 2.6 percent to ...read more

Fitness: Did you hear?...

For the week of June 1-6 >> Fitness specialty retail in the Phoenix area is still growing: At Home Fitness is building out its second location in Chandler, Ariz., which already has its sign out and is even listed in the new area phone book AND has been fielding a handful of daily ...read more

Outdoor: Did you hear?…

For the week of June 14-20 >> The Access Fund is anointing September as Adopt-a-Crag month and encouraging cleanup and fund-raising events all across the country. In the five years since the inception of Adopt-a-Crag, climbers around the country have built and restored thousands ...read more

Did you hear?... TeleCheck report released could be an indicator of better-than-expected retail sales

The TeleCheck report released today could be an indicator of better-than-expected retail sales as same-store sales rose 2.4 percent over the same day last year. "The one-day sales data provide us with just a glimpse of what we might expect for the rest of the shopping season," ...read more

Did you hear?... Online retail sales totaled about 20 percent more than last year

Online retail sales, excluding travel purchases, totaled about 20 percent more in 2001 than they did a year earlier, reported comScore Networks. That brought the total in the United States to $33 billion -- $53 billion when counting travel, which is the largest single segment ...read more

Fitness: Did you hear?...

>> A note about the Southern California fires: In Orange County -- the home of the likes of Iron Grip, Star Trac, VersaClimber and other fitness companies -- the fires north and south of them has so far meant not much more than smoke and ash everywhere … and some scary moments ...read more

Fitness: Did you hear?...

>> Retailer Leisure Fitness racked up a few "readers' choice" type awards recently: "Best Fitness Equipment Store" by readers of Delaware Today magazine for the second consecutive year, "Best Fitness Equipment Store on the Main Line" by readers of Main Line Life (in Philadelphia) ...read more

Outdoor: Did you hear?...

>> A note about the devastating Southern California fires: Our friends in companies and stores throughout the region tell us that the fires all around them have so far meant not much more than smoke and ash everywhere … and some scary moments for friends and family nearby. One ...read more