Furniture store sales up 2.5% in June
July 17, 2017,
WASHINGTON — June sales for furniture and home furnishings retailers increased 2.5% from the same month last year, slightly ahead of the 2.4% gain for the broader retail sector.
Estimated furniture and home furnishings store sales totaled $9.51 billion in June, up from a revised $9.27 billion in June a year ago, according to the latest U.S. Department of Commerce report. Sales were nearly flat — up 0.1% from the month before — based on a May sales estimate that was revised down slightly to $9.5 billion.
Total U.S. retail and food services sales increased 2.8% in June from the same month last year to $473.5 billion following and decreased 0.2% from a preliminary May sales estimate. Retail sales alone increased 3% from a year ago, led by a 9.2% gain for non-store retailers — primarily by e-commerce and catalog businesses.
Overall retail sales decreased 0.1% from May.
Department stores, a sub-category of general merchandise stores, were one of two categories in negative territory, with June sales down 3.9% from a year ago, and down 0.7% from May. Sporting goods, hobby, books and music stores were down 8.9% from June a year ago.
In addition to the strong showing from non-store retailers, auto dealers saw a 5.4% increase in June sales from June last year, while building materials, garden and supplies dealers saw a 5.1% gain, the report said.
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