follow us

Retail Softened in August

Sales turned soft during August, limping ahead a skimpy 0.2%, hitting the wall after a much larger 1.4% increase the month before, the Commerce Department reported.

A big part of the month's weakness was a slowdown in car sales, which inched up just 0.5%, after a big 4.3% increase in July. But sales were off broadly; not a single channel managed a gain of even 1.0%. The month's big winner was sporting goods, books and music stores, where sales improved by 0.8%. In second place, up 0.7%, were restaurants and bars, where consumers presumably fretted about rising interest rates and a weakening jobs outlook. Third were health and personal care stores, up 0.5%.

Home-related channels were among the month's weakest performers. Finishing at the bottom were electronics and appliances retailers and building material and garden supply outlets, each up just 0.1%. Furniture and home furnishings stores did even worse, declining by 0.3%.

The biggest loser was gas stations, where sales dipped 1.0% as oil prices eased. Clothing and accessories stores fell 0.3%, department stores dipped 0.2%.

Retail Sales in August
(by channel)

Source: U.S. Department of Commerce
Winners
Sport. Goods, books, music 0.8%
Restaurants & bars 0.7
Health & personal care 0.6
Grocery stores 0.5
Car dealers 0.4
Non-store retailers 0.3
Electronics & appliances 0.1
Bldg. mat./garden supplies 0.1
Losers
Gas stations -1.0
Department stores -0.2
Furn. & home furn. Stores -0.3
Clothing & accessories -0.3


Featured Video

  • Online Moves From Afterthought To Main Thought For Textiles Suppliers

    Camera Icon More Videos

Other Home Furnishings Sites

Casual Living
Gifts and Decorative Accessories
Home Accents Today
Kids Today
Furniture Today