January Retail Sales Rose 2.7%, but Electronics Store Sales Fell 2.9%, Says NRF
January sales through electronics and appliance stores declined 2.9 percent year over year and were down 0.5 percent sequentially from December, reported the National Retail Federation Friday. Retail sales increased 2.7 percent overall from January 2019 and were up 0.2…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
percent from December, said NRF. Online and other non-store sales were up 7 percent year over year and increased 0.3 percent from December, it said. “January’s retail sales results reflect a confident consumer supported by solid wage growth and job gains,” it said. “While the business sector continues to weigh significant uncertainties, consumers are providing staying power for U.S. economic growth.”