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:

Canadian chain Blessings closes doors on final store

News image

Less than two years after opening its most recent outlet,...

READ MORE

Ave Maria Press kicks off 150th anniversary

News image

Ave Maria Press is commemorating its 150th anniversary in 2015...

READ MORE

First American Ebola survivor inks WaterBrook Multnomah book deal

News image

The first American Ebola survivor—Dr. Kent Brantly—and his wife, Amber,...

READ MORE

Moody invites readers to trade in ‘Fifty Shades’ copies

News image

What does a Christian do with Fifty Shades of Grey?...

READ MORE

Enter soon for Christian Retailing’s Best Early Bird discount

News image

Christian Retailing is now accepting nominations for the 2015 Christian...

READ MORE

Latest album gives Casting Crowns fifth RIAA Platinum status

News image

Reunion/Beach Street Records artist Casting Crowns added another Recording Industry...

READ MORE

ECPA president earns distinguished credential

News image

Mark Kuyper, president/CEO of the Evangelical Christian Publishers Association (ECPA),...

READ MORE

K-Love announces 2015 Fan Awards nominees

News image

For KING AND COUNTRY and the Newsboys topped the list...

READ MORE

NRF survey: Valentine’s spending to reach record heights

News image

Cupid has some tricks up his sleeve this year with...

READ MORE

Rosenberg hits best-seller list again with ‘Third Target’

News image

Author Joel C. Rosenberg has done it again. His newest...

READ MORE

Biblica and Zondervan celebrate 50 years of the NIV

News image

January 2015 marks the beginning of a yearlong campaign to...

READ MORE

RBC Ministries rebrands to become Our Daily Bread

News image

Worldwide, Our Daily Bread is recognized as a household phrase....

READ MORE
100%
-
+
0
Show options

a