American consumers powered through the winter weather lifting retail sales in February. According to the National Retail Federation – the world’s largest retail trade association – February retail sales, which exclude automobiles, gas stations and restaurants, increased 0.2 percent adjusted month-to-month and 2.3 percent unadjusted year-over-year. “Today’s positive retail sales report indicates that the economy… Keep reading →
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The National Retail Federation today issued the following statements from NRF President and CEO Matthew Shay and Chief Economist Jack Kleinhenz on the January jobs report: “While it is always positive to see an increase in private sector hiring and a decrease in unemployment, it is alarming that employment can’t shift into a higher gear,”… Keep reading →
While government statistics released today show a slight decrease in retail sales in September, driven by the automobile sector, the National Retail Federation’s figures, which exclude automobiles, gas stations and restaurants, indicate broad sales gains in most retail sectors. According to NRF, retail sales increased a healthy 0.6 percent seasonally adjusted from last month, and… Keep reading →