Daily News
From Home Furnishing Business
Commerce: Retail Sales Up 0.2%
February 15,
2016 by in Economic News, Industry
Retail sales kicked off 2016 with a 0.2 percent increase for January over December, according to the U.S. Commerce Department.
Unfortunately, furniture retailers didn’t fare as well from month to month posting a 0.5 percent drop. Compared to January 2015, home furnishings retailers showed a hefty 4 percent increase last month.
The overall figure shows consumers buying new cars, groceries and a growing penchant for shopping online.
December sales were revised up to show a 0.2 percent gain instead of the previously reported 0.1 percent drop. Sales dropped for retailers selling sporting goods, books, music and other hobby items.