Sales in Home Retail Channels Fall in February

WASHINGTON-While February was an upbeat month for U.S. retailers as a whole, the furniture and home-furnishings sector registered a down month.

Sales at furniture and home-furnishings stores were off 0.8 percent from January and fell four percent from February of last year, totaling $7.4 billion on an adjusted basis, according to figures released this morning by the U.S. Census Bureau. U.S. retailers as a whole posted sales of $387.1 billion, up one percent from January and 8.9 percent from February 2010.

Also, sales at general-merchandise stores were $52 billion, 0.7 percent ahead of January and 2.6 percent greater than February 2010. Sales and department stores, excluding leased departments, rose one percent from January but were down 1.9 percent from February of last year, totaling $15.5 billion.

A statement from the National Retail Federation put a positive spin on the overall February results. "February retail sales are in sync with evidence of the expanding economy," said Jack Kleinhenz, NRF's chief economist. Kleinhenz also cautioned that it's still too early to tell what effect the expected spike in gasoline prices this spring will have on consumers.

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