• Clint Engel

July furniture store sales jump 5.6%

WASHINGTON — Furniture and home furnishings stores outperformed the broader retail sector with a 5.6% jump in sales over the same month last year, according to the latest government report.

Estimated furniture and home furnishings store sales totaled $9.68 billion in July, up from a revised $9.16 billion in July a year ago, the U.S. Department of Commerce reported today. Sales were up 0.4% from the month before — based on a June sales estimate that was revised up to $9.64 billion.

From May through July, home furnishings store sales saw a 4.9% increase from the same three months last year at a 1.7% increase from February through April of this year.

Total U.S. retail and food services sales increased 4.2% in July from the same month last year to $478.9 billion and increased 0.6% from June. Retail sales alone increased 4.3% from a year ago, with the largest gain again coming from non-store retailers — primarily by e-commerce and catalog businesses with sales up 11.5% from July 2016.

Overall retail sales increase 0.6% from June.

Department stores, a sub-category of general merchandise stores, and sporting goods, hobby, books and music stores repeated as the only two categories in negative territory. Department store sales were down 1.3% from July a year ago but gained 1% over June of this year.

Other sectors showing particularly strong growth in addition to non-store retailers and home furnishings stores included building material and garden and supplies stores (up 8.3% from July a year ago) and automobile dealers (up 6.1%), the report said.

Clint EngelClint Engel | Senior Retail Editor, Furniture Today
cengel@furnituretoday.com

Please feel free to email or call me with all of your retail news and tips, including expansion news, successful merchandising and marketing strategies and anything else you would like to see covered by Furniture/Today.  Contact me directly at cengel@furnituretoday.com or 336-605-1129.

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