Retail Sales Edge Up in November

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.

Matthew Shay, president and CEO of the National Retail Federation, called November's results "a strong start to the holiday season." Shay added, however, that "the real test" will come this month, in which most spending for the holidays occurs. "Retailers have been working all year to make sure that the last two weeks before Christmas deliver the promotions and value that today's shoppers expect," he said.

NRF has forecast that this year's holiday sales will rise 2.8 percent above last year.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money