Retail Sales Tick Up in January
February 15, 2011,
WASHINGTON-Sales by U.S. retailers totaled $381.6 billion in January, up 0.3 percent from December and 7.8 percent from January 2010, according to figures released this morning by the U.S. Census Bureau.
For retailers that offer home furnishings, the first month of the year presented a mixed picture. Sales at general-merchandise stores rose 0.8 percent, including a 0.5 percent rise in sales at department stores excluding leased departments. However, sales and furniture and home-furnishings stores dropped 0.3 percent.
Matthew Shay, NRF's president and chief executive officer, said the January results stemmed from "renewed confidence" among consumers. Shay added, however, that "sustained growth in 2011 will largely rely on improvement in key economic indicators like employment and housing."