Skip to content Skip to navigation

November Retail Sales Up 6 Percent Over Last Year

Print Friendly and PDF

Retail sales in November increased 0.9 percent over October on a seasonally adjusted basis and were up 6 percent year-over-year unadjusted, according to calculations released today by the National Retail Federation. Online and other non-store sales grew 10.5 percent year-over-year, reflecting the growth of online shopping. The numbers exclude automobiles, gasoline stations and restaurants.

“This has been an impressive start to the holiday season, perhaps the best in the last few years,” NRF Chief Economist Jack Kleinhenz said. “The combination of job and wage gains, modest inflation and a heathy balance sheet along with elevated consumer confidence has led to solid holiday spending by American households.”

“Today’s report is indicative of a strong consumer who is confident about the current and future state of the economy,” Kleinhenz said. “The improved willingness to spend and the purchasing power of consumers will continue to be an economic driver of growth into 2018.”

There were broad-based monthly increases across most sectors with the exception of general merchandise stores, which remained unchanged.

November’s results indicate that retail sales for the holiday season – defined as November and December – are on track to meet or exceed NRF’s holiday sales forecast for an increase between 3.6 and 4 percent over last year.

Specifics include:

  • Online and other non-store sales were up 2.5 percent seasonally adjusted from October and up 10.5 percent unadjusted year-over-year.
  • Electronics and appliance stores were up 2.1 percent seasonally adjusted over October and up 7.3 percent year-over-year unadjusted.
  • Furniture and home furnishings stores were up 1.2 percent seasonally adjusted over October and up 8.6 percent year-over-year unadjusted.
  • Building materials and garden supplies stores were also up 1.2 percent seasonally adjusted from October and up 11.2 percent year-over-year unadjusted.
  • Sporting goods stores were up 0.9 percent seasonally adjusted over October and up 2.1 percent unadjusted year-over-year.
  • Clothing and accessories stores were up 0.7 percent seasonally adjusted over October and up 4.9 percent year-over-year unadjusted.
  • Health and personal care stores were up 0.4 percent seasonally adjusted over October and up 3.2 percent year-over-year unadjusted.
  • Food and beverage stores were up 0.2 percent seasonally adjusted over October and up 3.7 percent year-over-year unadjusted.
  • General merchandise stores were unchanged from October but up 4.4 percent year-over-year unadjusted.

About NRF

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private-sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.    

OUR SPONSORS

OUR SPONSORS

More news

Last updated: : 01/19/2018 - 08:11

A talk with Mike West about new technology that 686 will debut next week that they believe has a broader application beyond the snow world. Plus, lessons learned during 25 years in business, the state of the snow market and more.

Last updated: : 01/18/2018 - 11:29

Executives explain the robust holiday sales for industry customer Journeys. Plus, insights into what is happening with landlords and rents at malls.

Last updated: : 01/17/2018 - 16:43

One category dampened results at the Urban Outfitters chain. Plus, the key internal change that has lead to improved results in women's apparel.

Last updated: : 01/16/2018 - 12:30

How Tom Campion created the results-oriented culture at Zumiez and how that culture came alive in Kelly Sanders, the No. 1 sales person who sold over $1 million in goods in 2017

Last updated: : 01/15/2018 - 09:06

Banks Journal, a clothing brand inspired by coastal living and a love of design, is having a successful start to 2018, especially with fashion accounts

Last updated: : 01/15/2018 - 09:47

We have a comprehensive report from the Swim Collective about upcoming swim trends

Last updated: : 01/11/2018 - 13:42

Kering plans to focus on its luxury roots by exiting Volcom and Puma

Last updated: : 01/11/2018 - 12:03

We spent two days with Zumiez in Colorado and have lots of photos from the 100K event

Last updated: : 01/09/2018 - 08:30

Several news outlets reported GoPro is exploring strategic options, meantime the company is cutting jobs and had to drop prices during the holiday season on some products

Last updated: : 01/10/2018 - 10:06

Cedar Carter, the Director of Marketing for O’Neill Women’s, is exiting the La Jolla Group to join an Australian activewear company called 2XU.