• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Press Media Release

press release distribution

  • Submit a Press Release
  • Market Wire
  • Make a Contribution
  • About
    • Template for press/media release
    • How to structure your press release for maximum impact
    • Crafting effective headlines and leads to capture journalists’ attention
    • Understanding the dos and don’ts of writing press releases
    • Tips for writing clear, concise, and informative press releases
    • The importance of understanding your audience before writing a press release
    • Best practices for incorporating quotes and statistics in your press release
    • Writing effective boilerplates and about us sections for press releases
    • Identifying key media contacts and building relationships with journalists
    • Writing for different types of media, such as print, online, and social media
    • Measuring the success of your press release and tracking media coverage
  • Contact
    • GDPR

November Retail Sales Kick Off Holiday Season With 2.1 Percent Growth Over Last Year and More Spending to Come

December 13, 2019 By admin Leave a Comment

Retail sales in November increased 0.1 percent seasonally adjusted over October and were up 2.1 percent unadjusted year-over-year, marking the first half of the holiday season with billions of dollars in shopping left to be done, the National Retail Federation said today. The numbers exclude automobile dealers, gasoline stations and restaurants.

“November showed modest growth on the surface, but you have to remember that the late timing of Thanksgiving delayed the beginning of the busiest portion of the holiday season and pushed Cyber Monday’s billions of dollars of retail sales into December,” NRF Chief Economist Jack Kleinhenz said. “These numbers are more about the calendar than consumer confidence. Consumer spending has been solid, and there’s still a lot of spending to be done. With strong employment and higher wages, we’re on track for a strong holiday season.”

Kleinhenz noted that the year-over-year comparison was challenging because November 2018 was up an unusually strong 4.7 percent over the year before. But December 2018 was down 0.2 percent from the year before, making it likely that next month could show a strong comparison.

In addition, many consumers began their shopping early this year, with some starting before November. NRF surveys showed that 39 percent planned to begin by Halloween, and that consumers on average had completed 52 percent of their shopping as of the Thanksgiving Day weekend.

NRF’s forecast predicts that holiday retail sales during November and December will increase between 3.8 percent and 4.2 percent for a total of between $727.9 billion and $730.7 billion.

November’s results build on October’s increase of 0.2 percent month-over-month and a strong 4.1 percent year-over-year. As of November, the three-month moving average was up 3.3 percent over the same period a year ago, compared with 4.2 percent in October.

NRF’s numbers are based on data from the U.S. Census Bureau, which said today that overall November sales – including auto dealers, gas stations and restaurants – were up 0.2 percent seasonally adjusted from October and up 3.3 percent unadjusted year-over-year.

Specifics from key retail sectors during November include:

Online and other non-store sales were up 7.2 percent year-over-year and up 0.8 percent month-over-month seasonally adjusted.
Sporting goods stores were up 4.3 percent year-over-year but down 0.5 percent month-over-month seasonally adjusted.
Grocery and beverage stores were up 4 percent year-over-year and up 0.3 percent month-over-month seasonally adjusted.
Furniture and home furnishings stores were up 1.4 percent year-over-year and up 0.1 percent month-over-month seasonally adjusted.
General merchandise stores were unchanged year-over-year but up 0.1 percent month-over-month seasonally adjusted.
Building materials and garden supply stores were down 1.2 percent year-over-year but unchanged month-over-month seasonally adjusted.
Electronics and appliance stores were down 1.7 percent year-over-year but up 0.7 percent month-over-month seasonally adjusted.
Health and personal care stores were also down 1.7 percent year-over-year and were down 1.1 percent month-over-month seasonally adjusted.
Clothing and clothing accessory stores were down 2.9 percent year-over-year and down 0.6 percent month-over-month seasonally adjusted.

About NRF
The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail thrive. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $2.6 trillion to annual GDP and supporting one in four U.S. jobs — 42 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies.
NRF.com

Filed Under: Press Release Tagged With: Consumer spending, Holiday Season, NRF Chief Economist Jack Kleinhenz, Retail Sales, consumer confidence

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • Explore the Future of Silicone Technology with Trelleborg at Silicone Expo
  • U.S. Conference of Mayors Continues to Stand with Ukraine
  • Junevity’s Pioneering RESET Platform Garners $10 Million Seed Investment to Transform Age-Related Disease Treatment
  • Festive Splendor: Christmas Market Magic in Vienna
  • The Art of the Photo Press Release
  • The Future of Press Release Distribution
  • Local vs. Global Press Release Distribution
  • Crafting the Perfect Distribution Schedule
  • Common Mistakes in Press Release Distribution
  • Press Releases: A Cost-Effective Marketing Tool

Media Partners

  • Press Club US
  • ZGM.org: Zeitgeist Generative Media
  • MSL.net: Media Sharing Lab
  • Policymaker.net
Boeing to Plead Guilty to Fraud in Fatal 737 MAX Crashes: Ramifications for the Aerospace Giant
Biden-Harris Campaign 2024 Commits $1.5 Million Advertising Buy with the Black Press of America
UN Panel: Wall Street Journal Reporter Arbitrarily Detained By Russia
Manufacturers Overwhelmingly Back Labour Ahead of Snap Election: Medius
Choosing the Lesser of Two Evils: Biden vs. Trump and the Hope in Nikki Haley
U.S. Response Inadequate as Houthi Attacks on Ships in the Red Sea Disrupt Global Maritime Shipping
Rising Right-Wing Support in European Parliament Signals Demand for Stricter Immigration Laws
TaiwanPlus Celebrates Three Years as a Leading International Media Organization, Nearing 200 Million Global Views
A Debate of Discontent: Trump’s Falsehoods and Biden’s Cognitive Struggles Leave Voters Disillusioned
National Survey Reveals Financial Struggles Among Middle-Income Families Despite Slight Improvement in Purchasing Power
Cloudinary Brings Power of Generative AI to MediaFlows, its Next-Gen Low-Code Platform for Visual Media
China: A House of Cards Waiting to Happen
Synthetica: Chronicles of Virtu
We stand with Israel
With Possible Strike Looming, Day Care Workers Deliver Solidarity Petition but Management Nowhere to Be Found
Why ethnic Greeks are leaving Turkey
China Pushes for Domestic Chips in Telecom Infrastructure
Embrace the Tech Revolution: Don't be afraid to experiment with new tools
Fashion Redefined: The Role of Generative Media in Cultural Identity and Trends
About
Building a Successful Media Career
Savers Grapple with Inflation and Asset Declines
Sony Electronics has launched the ZV-E10 II, camera designed specifically for vloggers
Underground Comic Book Scenes: Spotlighting Lesser-Known Creators and Their Alternative Contributions
Genus AI Secures $6 Million in Seed Round Extension, Totaling $11 Million in Funding to Revolutionize E-commerce with Generative AI
Contact
Peru IX and PIT Colombia pioneer 400G in LATAM with Smartoptics
We stand with Israel
Navigating the Media Maelstrom: Personal Reflections
I2U2: An Innovative Partnership for the 21st Century
Erdogan threatens to invade Israel
Reducing Risks in Hypersonic Weapons Development: GAO Urges DOD to Adopt Leading Practices
Contact
AML/KYC Compliance AI-Focused Firm Axle Automation Raises $2.5M Led by Diagram Ventures
The Majdal Shams tragedy is the result of the weak Biden and Harris administration
Hungarian Prime Minister Viktor Orban's Policies: A Threat to European Unity and Regional Solidarity
The is no moral equivalence between terrorists trying to murder civilians and a retaliatory and rescue military action
About
Former Bush Counsel Urges Kamala Harris to Consider Influential Hispanics for Vice Presidential Pick
Meetup Policymaker 2024: Innovating Governance

Media Partners

  • Media Presser
  • 3V.org: PR/Media Agency
  • Publishing House
  • Media Instances
ZeroAvia announces completion of $116m Series C funding round
Sony Electronics and The Associated Press Complete Testing of Advanced In-Camera Authenticity Technology to Address Growing Concerns Around Fake Imagery
Posters.org Announces Workshop on Designing Impactful Conference Posters
Journalist Yuyu Dong's Detention Extended Two Months By China
Unleash Creativity and Innovation with Argil.org: The Revolutionary No-Code Platform for App Development
COP28 Event Hosted by KHNP Highlights Nuclear Energy's Crucial Role in a Carbon-Free Future
Futuri Shares Groundbreaking AI in Media Study at National Association of Broadcasters (NAB) Show 2024; Reveals A New Era of Human-AI Collaboration in Content Creation
EV aerospace launch at ILA Berlin
Teleste Enters into Frame Agreement with Siemens Mobility to Supply On-board Systems and Solutions
Press Release Placement
Go Visual: Elevate Your Storytelling with Compelling Imagery
Technology Events
About
MIRIDIH Raises $15M in Series B
June Inflation Data Shows Unexpected Cooling, Sparking Mixed Reactions in Financial Markets
bluShift Successfully Completed a Full Flight-Duration Engine Test Last Night at Brunswick Landing
Bahrain International Airshow 2024 Registration Now Live
Cybersecurity Digest
Go Fun, Go Viral: The Secret to Captivating Audiences
DefenseMarket.com Embraces Blockchain Technology for Enhanced Security and Transparency
My Sicilian Adventures: Capturing Moments with the Canon R50
PublishingHouse.org Extends Heartfelt Gratitude to Media Partners for Their Unwavering Support
Celebrating Liberty: The Vibrant Spirit of Bastille Day
Google is set to acquire the Israeli cybersecurity startup Wiz for $23 billion
The Paris memorial for the 1972 Olympic massacre will be held in secret due to concerns about potential violence
Generative AI Investment to Grow 28%, Promising High Returns for Early Adopters
U.S. Air Force, Navy & Army to celebrate UK & USA partnership with increased presence at Farnborough International Airshow 2024
USCENTCOM Neutralizes Multiple Houthi Threats in the Red Sea
Scotland's Former First Minister Humza Yousaf Faces Probe Over Unwittingly Channeling UK Government Funds to Hamas
About
Scaling Agile for Distributed Teams
Innovate and They Will Come
Nameable.org Launches as Premier Domain Name Portfolio
Quicken Unveils LifeHub: Organize, Protect, and Share Life’s Essentials
Yayoi Kusama: A Retrospective, Exhibition at the Tel Aviv Museum of Art, 15/11/21​-​14/05/22
Urban Reverie: Navigating Life’s Chaos and Calm
Oslo-Akershus Transit Upgrade: Teleste and ZetaDisplay to Modernize Ruter’s Passenger Information System
The History of the Ostrich-Feather Fan
The Enigmatic Rice Market of Edo
EPT News Covers the Israel-Hezbollah Conflict from Haifa

Copyright © 2022 PressMediaRelease.com

Sponsored by Exclusive Domains