Christian Retailing

NEWSLETTERS Current Issue Retail sales spring up in March as winter weather ebbs
Retail sales spring up in March as winter weather ebbs PDF Print E-mail
Written by Jeremy Burns   
Monday, 14 April 2014 12:22 PM EDT

MatthewShay-NRF-WebWarmer spring weather spurred continued consumer spending and activity last month. March retail sales, which exclude automobiles, gas stations and restaurants, increased 0.8% adjusted month-to-month and 1.6% unadjusted year-over-year, according to the National Retail Federation (NRF).

“Consumers shed their winter coats last month for fresh, spring merchandise,” NRF President and CEO Matthew Shay said. “Retail sales increased in most categories and sectors as consumers took to stores to purchase new spring attire and home furnishings in hopeful expectation of warmer weather. Sales should continue to remain positive this spring with the approach of Easter and expected tax refunds.”

Earlier this month, NRF’s Easter Spending Survey conducted by Prosper Insights & Analytics reported that the average American consumer will spend $137.46 this Easter holiday on clothing, candy, gifts and more, with total spending reaching $15.9 billion.

March retail sales, released today by the U.S. Census Bureau, which include categories such as automobiles, gasoline stations and restaurants, increased 1.1% seasonally adjusted month-to-month ($433.9 billion). The Census also reported that retail sales increased 3.8% adjusted year-over-year. Sales for the category that includes book, music, sporting goods and hobby stores increased 0.3% seasonally adjusted month-to-month yet decreased 5.5% unadjusted year-over-year.

“Improving economic conditions and consumer confidence should push consumers to return to spending habits this spring,” NRF Chief Economist Jack Kleinhenz said. “Consumers released some pent-up demand in March after two consecutive months of harsh winter weather that not only hampered employment opportunities, but also retail sales. We remain optimistic that retail sales will continue their positive march this spring.”

 

In this current issue:

Baker Book House holds record-breaking sale

News image

Baker Book House held its annual Bible sale Saturday, Nov....

READ MORE

NRF predicts shopper behavior Thanksgiving weekend

News image

Americans preparing for Thanksgiving also are considering their shopping list...

READ MORE

WaterBrook women’s favorite sells 1 million

News image

WaterBrook Press celebrates the sale of more than 1 million...

READ MORE

Fans prove their love for Casting Crowns

News image

Beach Street Records/Reunion Records recording artist Casting Crowns received its...

READ MORE

Word Weavers forms alliance with BelieversTrust

News image

Word Weavers International, an 18-year-old organization for writers founded and...

READ MORE

Rep Connection to represent CA Gift

News image

CA Gift, formerly Cathedral Art Metal, is headed for the...

READ MORE

‘Christian Retailing’ is thankful for you

News image

Christian Retailing Update will not be in your inbox this...

READ MORE

Eerdmans editor in chief to retire

News image

Jon Pott, vice president and editor in chief of Wm....

READ MORE

Zondervan hosts dinner for NIV’s 50th

News image

Zondervan, Biblica and the Committee on Bible Translation welcomed more...

READ MORE

Munce partners with SuzyQ to host writers conference

News image

The Munce Group and SuzyQ have announced a new writers...

READ MORE

Fire destroys Los Angeles Christian store

News image

A Christian retail store was gutted by fire Friday evening,...

READ MORE

Family Christian partners to assist widows for Thanksgiving

News image

Family Christian Stores has announced its partnership with author Miriam...

READ MORE
100%
-
+
0
Show options

a