Christian Retailing

NEWSLETTERS Current Issue NRF: Retail sales stagnate in ‘uninspiring’ April
NRF: Retail sales stagnate in ‘uninspiring’ April PDF Print E-mail
Written by Jeremy Burns   
Thursday, 15 May 2014 03:03 PM EDT

MatthewShay-NRF-WebDespite nicer spring weather, consumers tempered their spending last month. April retail sales (excluding automobiles, gas stations and restaurants) were unchanged seasonally adjusted month-to-month, yet increased 4.7% unadjusted year-over-year, according to the National Retail Federation (NRF). Sales for the category that includes book, music, sporting goods and hobby stores increased 0.7% seasonally adjusted month-to-month, yet decreased 0.6% unadjusted year-over-year.

“The shift in Easter to April did not provide enough bounce to retailers as retail sales struggled to keep their strong spring pace,” NRF President and CEO Matthew Shay said. “With consumer spending accounting for roughly 70% of total economic activity, NRF remains hopeful that the uninspiring April retail sales figures are just a temporary seasonal fluctuation.”

April retail sales released May 13 by the U.S. Census Bureau, which include categories such as automobiles, gasoline stations and restaurants, increased 0.1% seasonally-adjusted month-to-month ($434.6 billion). The Census Bureau also reported that retail sales increased 4% adjusted year-over-year.

 “Even though retail sales were weaker than anticipated, the fundamentals of the economy, including improving job growth and income gains, remain positive,” NRF Chief Economist Jack Kleinhenz said. “While the shift in Easter played into the seasonal figures, NRF remains optimistic that retail sales will keep their positive trajectory, albeit in fits-and-starts, in the second quarter.”

 

In this current issue:

CBA proposes new business model for member retailers

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CBA and Content Road Media have joined in a strategic...

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Hip-hop, science fiction cited as Christian product trends

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CBA’s Christian Product Trends workshop gave retailers attending Unite 2016...

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Nielsen research, panel review state of Christian market

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Four of the Christian products industry’s CEOs shared their thoughts...

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Targeted marketing, data tracking help Parable, Covenant stores

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The Parable Group and Covenant Group make targeted marketing and...

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Logos group names Walter Wangerin Author of the Year

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Best-selling author Walter Wangerin was named Author of the Year...

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DaySpring director highlights need for ‘real’ customer connections

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Christian retail customers long for community, says DaySpring Brand Director...

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CBA honors international publisher with Lifetime Achievement Award

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CBA honored Jean-Luc Cosnard, a Christian publishing innovator and former...

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James Rubart wins Christy Award Book of the Year

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The 2016 Christy Award winners were announced Monday in a much...

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Christian retailers encouraged to 'stand and engage'

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Christian retailers and suppliers were called to "Stand and Engage"...

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Retailers learn how to fight Amazon, build teams

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Afternoon breakout sessions at the International Christian Retail Show showed...

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Munce, MTL point consumers to Christian retail

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Florida-based Munce Group celebrated a quarter-century of service to Christian...

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ACFW to honor pioneer novelist Janette Oke

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American Christian Fiction Writers (ACFW) announced the 2016 Carol Award...

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