New York City -- Despite ongoing concerns about the economy, retailers fared surprisingly well in September, helped by the tail end of back-to-school shopping and cooler temperatures. Overall, Thomson Reuters, which tracks same-store sales for a group of 23 national chains, said the group was expected to post a 4.6% increase in same-store sales for September. Retailers surpassed expectations, with a 5.1% rise led by strong performances from Target, Limited Brands, Zumiez and Costco Wholesale, among others. Walgreens, however, disappointed with a 3.1% rise in same-store sales, missing analysts’ expectations. Still, the U.S. consumer in September "showed resilience in
Total retail sales in July sustained momentum despite inconsistencies in other areas of the economy. According to MasterCard SpendingPulse, which tracks national retail and service sales, excluding auto sales, retail sales in July grew 8.7 percent year-over-year. Retail sales are on par with the average growth of the previous three months.
PURCHASE, N.Y. — MasterCard Advisors SpendingPulse revealed that online retail sales rose 14% over the year-ago period, marking the 24th straight month of year-over-year growth, as well as the ninth consecutive month of double-digit growth, with improvement in every subcategory except for electronics. The macroeconomic report, which tracks national retail and services sales, noted that 14% year-over-year growth for the overall online retail category, however, was the smallest increase for e-commerce since February 2011, and is an expected seasonal slowing. Overall, various sectors in retail were sluggish for the month. “Sector weaknesses are the result of a variety of
Purchase, N.Y. -- Apparel continued to show gains in July, while housing-related sectors such as electronics, appliances, and furniture remained sluggish, according to MasterCard Advisors SpendingPulse, a macroeconomic report tracking national retail and services sales. (The data estimates total U.S. retail sales across all payment forms including cash and check.) In other findings, auto parts and service posted its first decline after five months of growth. “Sector weaknesses are the result of a variety of drivers,” said Michael McNamara, VP research and analysis for MasterCard Advisors SpendingPulse. “The sluggish housing market is reflected in a sixth consecutive month of
New York City -- Luxury, high-end jewelry and e-commerce enjoyed strong growth in May, as did the restaurant category, according to MasterCard Advisors SpendingPulse, which tracks national retail and services sales. Apparel also continued to show gains, the report found, while housing-related sectors such as furniture, electronics and appliances all saw sales decline compared with the same period in 2010. “Because the late Easter holiday boosted April’s year-over-year comparisons in some sectors, the May growth rates can look flattened by comparison, especially in apparel, luxury, and groceries where the growth rates were only about half what they were in
February recorded continuing growth across most categories, maintaining the positive performance that began in fall 2010. However, February’s year-over-year growth rates were smaller in most categories than those recorded in the November 2010 through January 2011 period.