Retail Home Products Sales Climb in March
April 14, 2016,
WASHINGTON-March sales at U.S. furniture and home furnishings stores rose 0.3 percent over February sales and were ahead by 3.4 percent from March of last year, according to the monthly U.S. retail sales report from the U.S. Census Bureau.
At the other channels that sell home merchandise, sales at general merchandise stores were up 0.5 percent from February and 1.2 percent over March 2015. Sales at department stores (excluding leased departments) saw drops of 0.6 percent month to month and 6.1 percent year to year. Sales at nonstore retailers, including online and catalogs, fell 0.1 percent from February but increased 6.5 percent from March of last year.
Overall, U.S. retail sales in March totaled $446.9 billion on an adjusted basis, down 0.3 percent from February but up 1.7 percent from March of a year ago. Excluding dealers of automobiles and auto parts, overall retail sales rose 0.2 percent month over month and 1.8 percent year over year.
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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.