Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

20th Month of Increased Retail Sales
Apr 3, 2012
 Printable format
 Email this Article
 Search

Estimated February 2012 retail sales at Electronics & Appliance stores were $8,088 million (unadjusted), according to the U.S. Census Bureau. That's up from $7,473 million in January 2012 and up from $7,887 million in February 2011.

Estimated February 2012 retail sales at Electronics & Appliance stores - adjusted for seasonal variation - were $8,257 million, up from $8,178 million in January 2012 and down slightly from $8,372 million in February 2011.

In terms of overall retail sales, February 2012 was the 20th consecutive month of sustained growth, with unseasonably warm temperatures and comparisons with weak sales in 2011 resulting in stronger-than-expected increases, according to the National Retail Federation. NRF said February retail industry sales (excluding automobiles, gas stations, and restaurants) increased 0.5% seasonally adjusted from January, and 8.6% unadjusted year-over-year.

NRF President and CEO Matthew R. Shay noted that February is often a month for consumers to stay home and await Spring, but the record-setting warm weather drove consumers to get started on outdoor projects.

NRF continues to forecast retail industry sales will rise 3.4% in 2012 to $2.53 trillion.

"Pent-up demand is turning desires into needs, which is one reason why consumers have begun opening up their wallets," NRF Chief Economist Jack Kleinhenz said. "There is no doubt that the economy is on the upswing, certainly compared to six months ago. Stronger-than-expected February sales and an improving labor market paint a bright picture of the U.S. economy, although the impact rising gas prices will have on the economy's momentum remains unclear."

Because homeowners took advantage of warm weather to work outside, February sales at building material, garden equipment and supplies dealers were up 1.4% seasonally adjusted month-to-month and 18.2% unadjusted year-over-year.

Department stores retail sales increased 1.5% seasonally adjusted month-to-month and 4.8% unadjusted year-over-year.

Back to Daily News

 

Daily News

...........................................................

Jun 19, 2014: Report: Marginal Impact of Electric Heat Pumps on Home Sale Price

Jun 19, 2014: Whirlpool Receives First Energy Star for Clothes Dryers

Jun 19, 2014: PowerSmart P3000 Generator Named Best Overall Tailgating Product at National Hardware Show

Jun 19, 2014: FHP Motor Shipments up 37% in 1Q 2014

Jun 19, 2014: Metalformers Expect a Slight Downturn

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows