Furniture, home furnishings stores made little headway in January

Overall retail sales up 3.8% YOY

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.

Sales at furniture and home furnishings stores slipped 0.3% unadjusted year-over-year and were flat seasonally adjusted from December. However, that marked a slight improvement over January 2016, when sales in the sector fell 0.5%.

Online and other non-store sales climbed 14.5% unadjusted year-over-year and were flat over the previous month.

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NRF: 2017 could be a good year for retail...if Washington doesn’t screw it up

“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.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

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