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:

ICRS addresses industry concerns but sees big attendance drop

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Christian retailers gathered with suppliers and distributors at the Orange...

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Integra introduces in-store kiosks to grow wall-art sales

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Interactive technology is redefining the way consumers can shop for...

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Vendors display skill and scripture with new gift items

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Gift vendors at the 2015 International Christian Retail Show displayed...

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General Session panelists ‘hug It out’ after heated exchange

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Tuesday morning's ICRS General Session was supposed to stay focused...

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Don Piper's '90 Minutes in Heaven' draws capacity crowd at ICRS

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Faith-based films were big business at ICRS Orlando, with screenings...

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Film buzz big among retailers, authors and suppliers

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The buzz about films at ICRS took center stage at...

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Study: Christian fiction readers buy, read more books

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Christian fiction readers read more than the national average and...

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Josh McDowell offers charge to church bookstores

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Church bookstore managers and staff and those considering entering the...

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Retailers offer input in new version of children's workshop

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A panel of children’s suppliers and experts told retailers Monday...

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Logos retailers celebrate the power of the book

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Members of the Association of Logos Bookstores have nominated and...

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Graphic novels help stores make 'cultural connection' with fans

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Graphic novels continue to demonstrate tremendous growth potential in the...

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Virtual Storehouse CEO shares tech tools for ministry

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Don Olson, CEO of Virtual Storehouse and Foreign Christian Books focused...

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