April growth modest but sustains pattern

Retail Editor 3, May 15, 2012

Washington - Although sales were somewhat soft, April marked the 22nd consecutive month of year-over-over sales growth, according to the National Retail Federation.
An earlier Easter than last year pushed some holiday spending into March, and April sales were down 0.1% seasonally adjusted from March. Year-over-year, April sales rose 2.8%.
Sales at furniture and home furnishings stores were up 4.9% year-over-year - second in growth to only building materials stores, where sales were up 9.8%. Sales rose 2.9% at sporting goods/hobby/books/music stores, 1.7% at clothing and accessories stores, and 0.5% at electronics and appliance stores.
"Though consumer spending softened in April, retailers overall have seen solid sales growth so far this spring, a positive indicator we're heading in the right direction," said NRF President and CEO Matthew Shay. "With 22 straight months of sustained retail sales growth, retailers are optimistic as they gear up for the all-important summer shopping season."
The U.S. Department of Commerce today reported a 4.5% increase year-over-year for total retail sales (including non-general merchandise categories such as automobiles, gasoline stations, and restaurants). Month-over-month, Commerce puts the increase at 0.1%.
"The expected shortfall in April retail sales reflects the seasonal shift in consumer spending at this time each year," said NRF Chief Economist Jack Kleinhenz. "With Easter a full twenty days earlier this year and unseasonably warm weather, consumers started spending as early as February and March on everything from spring apparel to newly-released electronic items."

Featured Video

  • 1200 Suppliers are Ready for You at Intertextile Shanghai

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT August 2017

See the August 2017 issue of Home & Textiles Today. In this issue, we look at the Top 50 Retailing Giants Report, plus Manufacturing: Made in the USA gaining ground; International: Portugal ramping up exports; New products: NY Now home textiles introductions; Outlook: Commentary from H&TT's editors; and Planning: Trade show calendar.

See details!