Retail Sales Continue Upward Momentum in March
April 14, 2010,
WASHINGTON-In another sign that the U.S. economy is gaining pace, retail sales picked up 1.6 percent in March over February, finishing the month at a total of $363.2 billion on a seasonally adjusted basis.
That figure also represented a 7.6 percent increase over March 2009. It also included a 1 percent month-over-month rise in sales at department stores (excluding leased departments), to $16.1 billion; and a 1.5 percent gain in sales at furniture and home furnishings stores, which totaled $8.2 billion.
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ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.