Furniture, home furnishings stores made little headway in January
February 17, 2017,
Washington – Furniture and home furnishings stores kicked off the year with a ho-hum January.
Total January retail sales grew 3.8% unadjusted year-over-year and were up 0.4% seasonally adjusted from a strong December, according to the National Retail Federation. The numbers exclude automobiles, gasoline stations and restaurants.
Online and other non-store sales climbed 14.5% unadjusted year-over-year and were flat over the previous month.
“The retail industry started the year on a high note, continuing the momentum from the 2016 holiday season. The healthy monthly gain was driven by January’s strong payroll gains, retail employment gains and business sentiment,” said NRF chief economist Jack Kleinhenz. “We haven’t seen strong January growth in several years, which indicates that consumers are increasing their spending and remain the leading driver of the economy.”
For the full list of performance by channel, click here.
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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.