Retail sales clock 12th consecutive gain in June

Retail Editor 2, July 14, 2011

Washington - June marked the 12th month in a row of year-over-year sales gains for the retail industry in a performance the National Retail Federation said surpassed many analyst's expectations.

Retail sales (excluding automobiles, gas stations, and restaurants) rose 0.3% in June seasonally adjusted from May and 5.5% unadjusted year-over-year.

Sales at home furnishings stores are climbing back slowly - up 0.2% unadjusted year-over-year but slipping 0.8% seasonally adjusted over May.

"A solid year of growth in sales provides further evidence that retailers continue to lead the charge in the economic recovery," said NRF President and ceo Matthew Shay. "While spending continues to surpass expectations, sustained growth in the retail sector depends on a strong labor market."

NRF chief economist Jack Kleinhenz noted retailers are offering aggressive promotions in response to consumer conerns bout the economy.

The U.S. Commerce Department's estimate of June retail sales (which includes non-general merchandise categories such as autos, gasoline stations and restaurants) rose 0.1% seasonally adjusted month-to-month and 8.4% unadjusted year-over-year.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    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 Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!