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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:

Simon & Schuster inks deal with Amazon

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ECPA announces Top Shelf Awards

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Mandisa's ‘Good Morning’ certified Gold

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Apple Pay launches for mobile purchasers

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Barbour fiction dominates ECPA’s best-seller list

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Barbour Publishing has announced that its fiction titles currently hold...

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'Inspirational' bands receive American Music Awards nominations

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Casting Crowns, Newsboys and Hillsong United have been nominated for...

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Stephen Mansfield’s timely book receives media attention

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New York Times best-selling author Stephen Mansfield is receiving major...

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Christian publishers sign with Bookmasters for distribution

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Bookmasters has signed new distribution agreements with three Christian publishing...

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CBA previews 2015 ICRS, opens exhibitor registration

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Nearly 20 representatives from more than a dozen companies were...

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Thom Rainer’s church-focused books still going strong

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Dan Rich announces retirement after 40 years in publishing

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David C Cook Chief Publishing Officer Dan Rich will retire...

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