U.S. Retail Sales Edge Up in August

WASHINGTON-Sales by U.S. retailers posted a month-to-month increase of 0.4 percent in August, reaching $363.7 billion on an adjusted basis.

That total also marked a 3.6 percent rise from August 2009. A look at the sales performance among retail channels presented a mixed bag, with department stores (excluding leased departments) increasing sales by 0.4 percent from the July total but reporting a reduction of 1.2 percent in sales from August of last year. Furniture and home-furnishings stores' sales slipped 0.5 percent from July, but were 2.4 percent ahead of last year's August figure.

Commenting on the somewhat positive overall picture from last month, the National Retail Federation said the back-to-school shopping season provided a boost for the industry. Retailers undertook aggressive promotions, and along with several state sales-tax holidays, this helped push traffic through the stores.

"Most Americans are in a much better financial position than a year ago, but they are still spending cautiously, looking for bargains and comparing prices before buying," said Matthew Shay, president and chief executive officer of NRF. "After leveraging aggressive promotions to bring in back-to-school shoppers, retailers are putting the finishing touches on promotions and pricing for the upcoming holiday season."

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