Retail Sales Strengthen in July

WASHINGTON-Reversing from two straight months of month-over-month declines, July U.S. retail sales rose 0.8 percent over June, totaling $403.9 billion on an adjusted basis, according to this morning's report on retail sales from the U.S. Census Bureau.

That figure also represented a 4.1 percent increase over July of last year. Among the channels carrying home furnishings, July's sales for furniture and home furnishings stores were up 1.1 percent over June and 9.9 percent over last year's July. At general merchandise stores, the increases were 0.7 percent month over month and 0.6 percent year over year. Department stores (excluding leased departments) logged an increase of 0.6 percent over June but fell back 1 percent from July of last year.

"Despite high unemployment, and political and fiscal uncertainty, consumers are spending again, albeit cautiously," said Jack Kleinhenz, NRF's chief economist. "Retail sales continue to remain resilient in the face of bleak international news, with retailers on track with sustained sales growth year-over-year and year to date. Retail sales will continue to see modest growth in the fall and winter."

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

  • Von Tobel Cites Brass Textures Among Top Trends

    Camera Icon   More 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 cover for September 2017

    HFN's DIGITAL EDITION

    September 2017


    COVER STORY:

    2017 State of the Industry Report
    Cautious Optimism, Mixed Results

    Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.


    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.