Furnishings retailer gross sales dip 0.6% in July, performing higher than total retail

Furnishings retailer gross sales dip 0.6% in July, performing higher than total retail

WASHINGTON — Furnishings retailer gross sales dipped once more in July in accordance with in accordance with the Division of Commerce’s advance month-to-month report on retail gross sales, however the class carried out higher than the general retail image.

Primarily based on advance estimates launched Aug. 17, furnishings and residential furnishings gross sales totaled $11.947 billion in July, which was down 0.6% from June’s revised $12.286 billion in gross sales. It was the second consecutive month with a gross sales decline.

Regardless of the drop, these figures symbolize a 15.6% enhance in contrast with July 2020. The three-month interval from Could to July, whereas 0.5% lower than February by April, was 30.5% increased than the identical three months a 12 months in the past.

General, retail dipped 1.1% from $624.73 billion in June to $617.72 billion in July. Nonetheless, the retail snapshot is 15.8% increased in contrast with July 2020.

Whereas most classes measured by the DOC have been down in July, miscellaneous retailers represented the most important constructive change with 3.5% extra gross sales vs. June, and gasoline stations with a 2.4% enhance. Well being and private care shops was the one different class to put up positive aspects, with a modest 0.1% soar.

Important declines included motorcar and components sellers (down 3.9%), non-store retailers (down 3.1%), and clothes and clothes equipment shops (down 2.6%).

The DOC’s advance estimates are primarily based on a sub-sample of the U.S. Census Bureau’s full retail and meals providers pattern. A stratified random sampling methodology is used to pick roughly 5,500 retail and meals providers corporations whose gross sales are then weighted and benchmarked to symbolize the entire universe of greater than 3 million retail and meals providers corporations.

Thomas Lester is Digital/Managing Editor for House Accents At this time and Retail Editor for Furnishings At this time. A graduate of Emory & Henry Faculty’s Mass Communications program, Lester spent a dozen years working for newspapers in Virginia and North Carolina overlaying an array of topics, starting from neighborhood information, authorities, training, ACC sports activities, skilled baseball and extra earlier than becoming a member of House Accents At this time in 2013. Attain out to me along with your story concepts, ideas and extra at [email protected]

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