September sales up, but consumer wary 

Washington– In contrast to the same-store sting many retailers reported on September sales, the overall retail sales growth for the month was up 2.2% over September 2006, according to the National Retail Federation (NRF) – but the merchants' organization acknowledges that the consumer is feeling “conservative.”

The figure, which excludes sales of automobiles, gas stations and restaurants, equated to an 0.2% rise over the more robust August.

“Consumer spending continues to be restrained in most areas,” commented NRF chief economist Rosalind Wells. “Although sales across the board show modest increases, consumers are certainly spending more cautiously.”

Data from the Commerce Department, which does include the auto and restaurant sales, registered 2.9% climb year-over-year for September and an 0.6% seasonally adjusted rise from August.

Housing market concerns affected both the building material and garden equipment and the furniture and home furnishings sectors of retail. The NRF cited home furnishings store sales dipping by 0.6% seasonally adjusted from August and down 3.6% unadjusted over last year. Building materials stores sales increased 0.1% seasonally adjusted month-to-month and decreased 2.3% unadjusted year-over-year.

Volume was flat for retailers of apparel and fashion accessories.

The stronger-upside categories were electronics and appliances, as well as health and personal care.

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.

CURRENT ISSUE

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!