Latest news with #RetailMonitor
Yahoo
a day ago
- Business
- Yahoo
US July clothing sales surge as consumers seek deals before tariffs
According to the CNBC/NRF Retail Monitor, US clothing and accessories stores experienced a 1.75% rise month over month after seasonal adjustments. The unseasoned figures are even more promising, with a 6.73% year-over-year increase in sales within these categories. NRF president and CEO Matthew Shay said: 'Consumer spending increased in July, driven by successful summer sales events held by many retailers and shoppers continuing to pull purchases forward ahead of tariffs. 'Month-over-month gains were sizeable against a weaker-than-normal June. We may be seeing growing inflationary impacts from tariffs since recent data shows price increases in commodity goods, particularly non-durables. Even with weaker job growth than many expected, consumers still have the ability to spend on household priorities as wages are growing above the rate of inflation.' The Retail Monitor, which is powered by Affinity Solutions, revealed that retail sales (excluding automobiles and gasoline), climbed by 1.45% on a seasonally adjusted basis from the previous month and exhibited robust 5.89% unadjusted growth year over year for July. This performance is set against a 3.19% year-over-year uptick in June. Core retail sales, which further exclude restaurants alongside automobile dealers and gasoline stations, also showed positive momentum with a 1.55% month-over-month increase in July and a significant 5.93% rise on an annual basis. The comprehensive assessment for the initial seven months of the year points to a 4.83% year-over-year surge in total sales, with core sales advancing by 5.07%. The upward trajectory was consistent across most categories, with digital products, sporting goods stores, and general merchandise stores leading the charge. The sporting goods sector, encompassing hobby, music, and bookstores, saw a seasonally adjusted monthly increase of 2.36% and an impressive unadjusted annual growth of 9.99%. Furniture and home furnishing stores also enjoyed gains both monthly (0.98%) and yearly (1.53%). A forecast by the NRF and Hackett Associates indicates a 5.6% downturn in US import cargo volumes at major container ports by the end of 2025 due to new tariffs affecting global trade flows. In addition, a recent study from the National Foreign Trade Council (NFTC) suggests current US trade policies and tariff implementations are impeding growth and investment across several industries, including textiles, thus challenging business competitiveness. "US July clothing sales surge as consumers seek deals before tariffs" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
14-07-2025
- Business
- Yahoo
US clothing sales dip in June 2025 amid tariff concerns
According to the CNBC/NRF Retail Monitor, US clothing and accessory stores sales decreased by 0.22% in June after seasonal adjustments. Without seasonal adjustments, sales in these categories grew 2.71% compared to the same month in the previous year, however, this growth is less than the 3.21% year-on-year increase recorded in May 2025. NRF president and CEO Matthew Shay said: 'This was the first monthly decline since February, and spending was down across almost all sectors. Economic fundamentals haven't been disrupted yet and shoppers still have the ability to spend on priorities, but the economy is gradually slowing and there has been an impact on the psyche of consumers. While passage of the 'Big Beautiful Bill' is clearly supportive of economic growth, unresolved and restrictive trade policies remain a significant headwind.' The Retail Monitor, which is powered by Affinity Solutions, also shows that overall retail sales, excluding automobiles and gasoline, dropped by 0.33% seasonally adjusted month over month but increased by 3.19% unadjusted year over year in June this year. This contrasts with the increases of 0.49% month over month and 4.44% year over year in May. Core retail sales, which includes categories except restaurants, automobile dealers and gasoline stations, fell by 0.32% month over month in June but rose by 3.36% year over year. These figures compare with increases of 0.23% month over month and 4.2% year over year in May. For the first half of the year, total sales were up by 4.66% year over year, while core sales increased by 4.93%. The monthly declines were the first since February when both total and core sales saw a decrease of 0.22% from January. On an annual basis, June sales increased in seven out of nine categories, led by digital products, sporting goods stores, and health and personal care stores; however, on a monthly basis, sales were down in all but one category. NRF chief economist Jack Kleinhenz recently cautioned that US tariff disputes and policy changes are causing 'anxiety and confusion,' contributing to economic uncertainty. Meanwhile, US President Donald Trump has 'threatened' fresh tariffs of 30% on imports from Mexico and the EU, starting 1 August 2025. Trump justified these measures on social media by pointing to drug trafficking issues with Mexico and longstanding trade imbalances with the EU. This announcement followed earlier warnings issued by Trump to more than 20 countries regarding potential tariffs ranging from 25% to 40%, set to take effect from August unless new bilateral trade agreements are reached. The countries affected include Japan, South Korea, and South Africa. "US clothing sales dip in June 2025 amid tariff concerns" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
US retail sales slow in June amid tariff fears
Retail sales in the United States rose modestly in June, reflecting growing uncertainty among consumers over potential new tariffs and persistent economic pressures. According to the CNBC/NRF Retail Monitor, overall sales increased by just 0.05% from May and 1.46% compared with the same month last year. The report, developed by the National Retail Federation and CNBC, tracks real-time data across multiple retail categories. June's figures point to a continued slowdown in consumer spending as shoppers weigh the impact of inflation and possible trade disruptions. Core retail sales—which exclude fuel, food services, vehicles, and other non-core categories—rose 0.09% from the previous month and 2.37% year-over-year. However, this growth was weaker than in previous months. Sales in general merchandise, apparel, and electronics all showed either minimal increases or outright declines. 'While consumers are still spending, they are doing so at a more cautious pace,' said NRF Chief Economist Jack Kleinhenz. He noted that spending behaviour reflects current anxieties around tariffs and overall price sensitivity. Online and other non-store sales increased by 0.49% month-over-month and 17.92% year-over-year, highlighting a continued shift toward e-commerce. Grocery and beverage stores also saw an uptick in June, with a 0.27% monthly rise and a 2.55% annual increase. The slowdown in spending appears tied to rising concerns about potential new tariffs, particularly on imports from China. The NRF has warned that additional trade restrictions could increase prices for everyday consumer goods, prompting more cautious household budgets. Retailers are already signalling the potential impact of tariffs on back-to-school and holiday shopping seasons. Kleinhenz said uncertainty around trade policy is weighing on both retailers and consumers, leading many to postpone discretionary purchases. Consumer sentiment has also been affected by interest rates and broader economic indicators. Although inflation has slowed compared to its peak, it remains a key factor influencing shopping patterns. The data revealed mixed results across retail sectors. Health and personal care sales declined 0.21% in June but were up 5.78% from last year. Clothing and accessories dropped 0.16% month-over-month and 1.32% year-over-year, suggesting consumers may be holding off on non-essential purchases. Furniture and home furnishings fell by 1.12% on a monthly basis and by 4.67% annually, one of the steepest declines recorded. In contrast, sporting goods and hobby stores posted modest growth of 0.09% in June and 0.71% over the year. The NRF Retail Monitor differs from the US Census Bureau's retail sales report by using anonymised credit and debit card data to provide a more immediate snapshot of consumer activity. The Census Bureau is scheduled to release its June retail data on 16 July. As trade tensions continue and inflationary pressures persist, the outlook for retail spending remains cautious heading into the second half of the year. Navigate the shifting tariff landscape with real-time data and market-leading analysis. Request a free demo for GlobalData's Strategic Intelligence . "US retail sales slow in June amid tariff fears" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Fibre2Fashion
21-05-2025
- Business
- Fibre2Fashion
US retail sales show modest growth in April despite tariffs
US' overall retail sales in April rose by 0.1 per cent month-on-month (seasonally adjusted) and 5.2 per cent year-on-year (unadjusted), according to the US Census Bureau. This compares with a 1.7 per cent month-on-month increase and a 5.2 per cent year-on-year rise in March. Shoppers remained engaged in April despite ongoing concerns over tariffs on imported merchandise, according to National Retail Federation (NRF) chief economist Jack Kleinhenz. He noted that while tariffs affected spending decisions, consumer spending remains steady, supported by positive job and wage data, as well as lower energy prices. 'Consumers are still spending despite widespread pessimism fuelled by rising tariffs,' Kleinhenz said. 'While tariffs may have weighed on spending decisions, growth is coming at a moderate pace and consumer spending remains steady, reflecting a resilient economy. The momentum and willingness to spend is being supported by positive data on jobs and wages along with lower energy prices.' US shoppers stayed engaged in April despite tariff concerns, with retail sales up 0.1 per cent month-over-month and 5.2 per cent year-over-year. Core sales rose 5.1 per cent year-over-year. NRF chief economist Jack Kleinhenz noted that while tariffs affected spending, consumer spending remained steady, supported by positive job and wage data and lower energy prices. April's core retail sales as defined by NRF — based on the census data but excluding automobile dealers, gasoline stations and restaurants — were down 0.1 per cent seasonally adjusted month-over-month but up 5.1 per cent unadjusted year-over-year. Core sales were up 3.4 per cent year-over-year on a three-month moving average and up 3.8 per cent for the first four months of the year, NRF said in a press release. Last week, the CNBC/NRF Retail Monitor, powered by Affinity Solutions, reported that core retail sales were up 0.9 per cent seasonally adjusted month-over-month in April and were up 7.11 per cent unadjusted year-over-year. That compared with an increase of 0.4 per cent month-over-month and 5.07 per cent year-over-year in March. As the leading authority and voice for the retail industry, NRF provides data on retail sales each month and also forecasts annual retail sales and spending for key periods such as the holiday season each year. Fibre2Fashion News Desk (RR)
Fibre2Fashion
13-05-2025
- Business
- Fibre2Fashion
US retail sales jump in April, shoppers rush to beat tariff price hike
US retail sales rose in April as consumers advanced their purchases to avoid anticipated price hikes linked to upcoming tariffs, according to the latest CNBC/National Retail Federation (NRF) Retail Monitor data. Clothing and accessories store sales rose by 1.14 per cent month over month (MoM) and increased by 5.14 per cent year over year (YoY), unadjusted. Alongside tariff-related buying, the YoY comparison was positively influenced by the timing of Easter, which fell in April this year instead of March as it did in 2024, the NRF said in a media release. US retail sales rose in April as consumers advanced purchases to avoid expected tariff-driven price hikes. Total sales grew 0.72 per cent MoM and 6.76 per cent YoY, while core sales rose 0.9 per cent MoM and 7.11 per cent YoY. Clothing led gains, rising 1.14 per cent MoM. NRF cited strong household finances and pre-tariff buying as key drivers. Total retail sales, excluding automobiles and gasoline, increased by 0.72 per cent MoM on a seasonally adjusted basis and by 6.76 per cent YoY unadjusted. This marked a stronger performance than in March, when sales rose by 0.6 per cent MoM and 4.75 per cent YoY. Core retail sales, which exclude restaurants, automobile dealers, and gasoline stations, climbed by 0.9 per cent MoM in April and 7.11 per cent YoY. These figures also improved from March's gains of 0.4 per cent MoM and 5.07 per cent YoY. For the first four months of 2025, total sales rose by 5.08 per cent YoY, while core sales grew by 5.5 per cent. Additionally, category-wise, furniture and home furnishings sales increased by 0.86 per cent MoM and 0.09 per cent YoY; general merchandise stores were flat on a monthly basis but recorded a 6.67 per cent YoY gain; and digital product sales were up 0.62 per cent MoM on a seasonally adjusted basis and increased by 27.67 per cent YoY, unadjusted. 'Despite declines in confidence caused by the economic uncertainty that has come with tariffs, consumer fundamentals remain intact, supported by low unemployment, slower-but-steady income growth and solid household finances. Consumers maintain their ability to spend and have strong reasons to spend now before tariffs can drive up prices or cause shortages on store shelves,' said NRF president and CEO Matthew Shay. Fibre2Fashion News Desk (HU)
