Modest September Sales Gains Reflect Conservative Consumer, According to NRF

Though September sales gains were moderate, they were better than expected, giving retailers a welcome surprise as they head into the ever-important holiday season. According to the National Retail Federation, retail industry sales for September (which exclude automobiles, gas stations, and restaurants) rose 2.2 percent unadjusted over last year and 0.2 percent seasonally adjusted from August.
Author:
Updated:
Original:

Washington, October 12, 2007 - Though September sales gains were moderate,
they were better than expected, giving retailers a welcome surprise as they
head into the ever-important holiday season. According to the National
Retail Federation, retail industry sales for September (which exclude
automobiles, gas stations, and restaurants) rose 2.2 percent unadjusted over
last year and 0.2 percent seasonally adjusted from August.

September 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 0.6 percent seasonally
adjusted from last month and 2.9 percent unadjusted year-over-year.

"Consumer spending continues to be restrained in most areas," said NRF Chief
Economist Rosalind Wells. "Although sales across the board show modest
increases, consumers are certainly spending more cautiously."

While some categories fared well, unusually warm weather didn't help
clothing and clothing accessories retailers whose sales increased a meager
0.3 percent unadjusted year-over-year and decreased 0.4 percent seasonally
adjusted from August.

Consumer demand for popular electronics such as cell phones and MP3 players
helped boost electronics and appliance stores sales 0.9 percent seasonally
adjusted from August and 3.4 percent unadjusted year-over-year. Health and
personal care stores also showed strength with seasonally adjusted sales
from last month increasing 1.0 percent and 4.1 percent unadjusted
year-over-year.

Housing market concerns affected both building material and garden equipment
and furniture and home furnishings retailers. Sales in home furnishings
stores dropped 0.6 percent seasonally adjusted from August and 3.6 percent
unadjusted over last year. Building materials stores sales increased 0.1
percent seasonally adjusted month-to-month and decreased 2.3 percent
unadjusted year-over-year.

The National Retail Federation is the world's largest retail trade
association, with membership that comprises all retail formats and channels
of distribution including department, specialty, discount, catalog,
Internet, independent stores, chain restaurants, drug stores and grocery
stores as well as the industry's key trading partners of retail goods and
services. NRF represents an industry with more than 1.6 million U.S. retail
establishments, more than 24 million employees - about one in five American
workers - and 2006 sales of $4.7 trillion. As the industry umbrella group,
NRF also represents more than 100 state, national and international retail
associations. www.nrf.com.

Related

Retailers Report Sluggish September Sales, According to NRF

Washington, October 15, 2008 -- With economic pressures hindering consumer spending, retail sales continued to lag in advance of the holiday season. According to the National Retail Federation, retail industry sales for September (which exclude automobiles, gas stations, and ...read more

Slow Turnaround in Economy Not Enough to Change Consumer Shopping Habits, According to NRF

Consumers need more proof that the economy is slowly turning around as April retail sales show people continuing to cut back on their discretionary spending. According to the National Retail Federation, retail industry sales for April (which exclude automobiles, gas stations, and ...read more

Consumers Show Surprising Resilience in July, but Outlook Still Murky According to NRF

Washington – Weary shoppers returned to the stores in July as retailers as were aggressively promoting back-to-school sales. Retail industry sales for July (which exclude automobiles, gas stations, and restaurants) increased 3.1 percent unadjusted year-over-year and also declined ...read more

January Retail Sales Continue Slow Road to Recovery, According to NRF

Washington, February 12, 2010 – Post holiday sales and gift cards helped consumers open up their wallets to take advantage of special deals on popular apparel, electronics and sporting goods items. According to the National Retail Federation, January retail industry sales (which ...read more

NRF foresees challenging holiday season, forecasts 2.2 percent sales gains

Washington, September 23, 2008 -- The National Retail Federation today released its forecast for the upcoming 2008 holiday season, projecting that sales will rise 2.2 percent this year to $470.4 billion.* This gain would fall well below the ten-year average of 4.4 percent holiday ...read more

March Retail Sales Stronger Than Anticipated, According to NRF

Washington – Surging past expectations, retail sales continued to show signs of improvement as consumers hit the stores for seasonal home goods, furniture and apparel. According to the National Retail Federation, March retail industry sales (which exclude automobiles, gas ...read more

Financial Crisis Freezes Consumer Spending in October, According to NRF

Washington - As expected, consumers went into hibernation as the full scope of the financial crisis took hold in October. According to the National Retail Federation, retail industry sales for October (which exclude automobiles, gas stations, and restaurants) decreased 0.5 ...read more

Late Black Friday, Shorter Holiday Season Impact November Retail Sales, According to NRF

Washington – While shoppers were out and about Black Friday weekend, they kept their pennies to themselves the rest of the month with November retail sales showing continued consumer restraint. According to the National Retail Federation, retail industry sales for November ...read more

March Retail Sales Disappoint as Retailers Wrap up First Quarter, According to NRF

Washington – Several months of stronger-than-expected retail sales provided hope that the industry was poised to bounce back, but March retail sales demonstrate that the industry is continuing to struggle. According to the National Retail Federation, retail industry sales for ...read more