January Retail Sales Edge Up
Sales at electronics and appliance stores increased 1.2 percent seasonally adjusted and decreased 7.6 percent unadjusted year-over-year. Clothing and clothing accessory store sales increased 0.3 percent seasonally adjusted month-to-month and decreased 1.7 percent unadjusted from January 2009. Sporting goods, hobby, book and music stores also saw solid increases, with sales jumping 1.0 percent seasonally adjusted from December and 5.5 percent unadjusted year-over-year.
Sales at health and personal care stores increased 0.1 percent seasonally adjusted month-to-month and 2.3 percent unadjusted year-over-year. The housing market is still showing signs of uncertainty as sales at furniture and home furnishing stores fell 1.4 percent seasonally adjusted over the previous month and 6.4 percent unadjusted year-over-year.
The National Retail Federation is the world's largest retail trade association, with membership that comprises all retail formats and channels of distribution including department, specialty, discount, catalog, Internet, independent stores, chain restaurants, drug stores and grocery stores as well as the industry's key trading partners of retail goods and services. NRF represents an industry with more than 1.6 million U.S. retail establishments, more than 24 million employees - about one in five American workers - and 2009 sales of $4.1 trillion. As the industry umbrella group, NRF also represents more than 100 state, national and international retail associations. www.nrf.com.