Sales at clothing and accessories stores bounced back from a bleak September to rise in October, as shoppers began to splash out on fall apparel despite unseasonably warm weather.
Per the U.S. Census Bureau’s advance monthly report, released Tuesday, clothing and accessory store sales reached $21.55 million last month. That was a 0.6% improvement from September’s $21.43 million and up 2.3% from the same time a year ago.
In fact, nearly all categories had an upbeat October, which helped retail trade sales to rise 1 percent from the previous month and 4.3% year-over-year, while non-store retailers (including e-commerce) were up 1.5% from September and a whopping 12.9% from October 2015.
The report indicated that total retail and food service sales were $465.9 billion last month, an increase of 0.8% from the previous month and 4.3% better than the year-ago period’s performance. Economists surveyed by The Wall Street Journal had anticipated overall sales to increase 0.6% and retail trade sales to improve 0.4%.
Though general merchandise sales—which include department stores—recovered from September’s 0.4% decline to rise 0.4% in October, they were down 2.3% on a yearly basis. Department store sales alone dropped 0.7% monthly and were down 7.3% compared with last year. However, sales at sporting goods increased 1.3% from September and gained 1.7% year-over-year.
Print PDFPrint PDFWhen times are tough, companies are more willing to test new ideas and Target, Warby Parker and Amazon are pushing the boundaries of traditional retail. Target gets in bed with Casper After failed attempts at an acquisition, Target has instead invested in Casper...Read more
J.Crew has been shifting in its seat trying to adjust to a new normal of shrinking sales and growing debt, but nothing has quite yet paid off, so the company is cutting its prices.Read more
It’s official. Coach, Inc. is snapping up shares of handbag brand Kate Spade.Read more
This week, consumers called for better children's apparel, retailers turned internally to remedy their financial woes and apparel incubators improved China's manufacturing sector.Read more
Whether and how much consumers care about sustainability may be an ongoing question the industry wants an answer for, but one thing that’s clear is that though some consumers do care, sustainability isn’t the first thing they think of.Read more
Gymboree tapped former Tilly's executive Daniel Griesemer as its new CEO, JC Penney appointed Marci Grebstein as its new EVP and Wolford creative director Grit Seymour is leaving the company.Read more
Aiming to clear up potential conflicts with state laws, the Reinforcing American-Made Products Act now moves to the full Senate for consideration after the chamber’s Commerce Committee gave approval to the measure.Read more