Retail Sales Edge Up in November
December 13, 2011,
WASHINGTON-November sales at the nation's retailers totaled $399.3 billion, up 0.2 percent over October and 6.7 percent ahead of November 2010, according to numbers released this morning by the U.S. Census Bureau.
The retail channels that sell home products had a slow month. Sales at furniture and home furnishings stores rose 0.4 percent over October and 4.4 percent year over year. At general merchandise stores, sales increased 0.3 percent over October and 2.7 percent over November of last year. Sales at department stores (excluding leased departments) were 0.3 percent ahead of October but were down 3 percent from November 2010.
NRF has forecast that this year's holiday sales will rise 2.8 percent above last year.
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ALSO IN THIS ISSUE:
- Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
- Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.