Tuesday, February 18, 2020

Retail sales edge up in January; clothing sales take a hit

Chain Store Age
Retail sales in January inched up 0.2% seasonally adjusted over December and were up 2.7% unadjusted year-over-year, according to the National Retail Federation. (The NRF numbers exclude automobile dealers, gasoline stations and restaurants.)

Looking at key retail sectors, sales at clothing and clothing accessory stores fell 3.1% in January (and 0.7% year-over-year), the biggest decline since March 2009. Electronics and appliance store sales were down 0.5% in January and 2.9% year-over-year. . . . more