News

NRF reports boost in November sales with start to holiday shopping season

BY Rebecca Haughey

WASHINGTON — According to the National Retail Federation, eager holiday shoppers helped November retail sales — excluding automobiles, gas stations and restaurants — increase 0.8% seasonally adjusted from October and increase 4.4% unadjusted year-over-year. The NRF also expects holiday sales to grow 4.1% over the last holiday season.

"A successful Thanksgiving weekend for retailers and diminishing impacts in the Northeast due to Hurricane Sandy put retail sales back on track in November after tepid results in October," NRF president and CEO Matthew Shay said. "Though negotiations in Washington over the fiscal cliff could affect consumer confidence and spending in December, overall we are optimistic that we’ll see solid sales growth this holiday season."

November retail sales, released Thursday by the U.S. Department of Commerce, showed total retail and food service sales increased 0.3% seasonally adjusted month-to-month and 3.7% unadjusted year-over-year.

"Stable employment rates, lower gasoline prices and a recovering housing market have all contributed to a holiday shopping season that is on target to meet our original expectations," NRF chief economist Jack Kleinhenz said. "American consumers are expected to spend cautiously as they monitor the situation in Washington and wrap up their holiday shopping lists."

Due to Superstorm Sandy, many retailers reported losses after forced store closures, while others — like home and building supply stores — witnessed spikes in sales due to recovery and rebuilding efforts. Those retailers’ sales increased 1.6% seasonally-adjusted month-to-month.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

News

OTC utilization driven by heavy users

BY Michael Johnsen

Anticipated increases in OTC use for the upcoming year are driven by those who have already reported a rise in usage, according to an online survey of more than 900 AccentHealth viewers conducted in September. Almost half of those who reported increased use of OTC medicines in the past year project that trend will continue with another increase in OTC use in the coming year.  

To see more Patient Views, click here.

Patient Views is a new, exclusive consumer insights feature that appears in every edition of DSN magazine, as well as the daily e-newsletter DSN A.M. If you could ask 4,000 patients anything at all, what would it be? Send your questions to [email protected]

 

Source: AccentHealth. To view the demographic breakdown of participants, click here.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

News

Target to hire approximately 200 new team members with Baltimore store opening

BY Jason Owen

MINNEAPOLIS — Target announced plans to open a new store in Baltimore by October 2013. The retail giant has said approximately 200 new team members will be hired for the new location, part of the Canton Crossing Shopping Center on Boston Street.

"Target is pleased to open its third store in the Baltimore community," said Samir Shah, Target’s SVP stores in the Eastern region. "Maryland continues to be a great market for Target, and we are committed to being a good neighbor and developing long-lasting relationships with guests and the Baltimore community."

To date, Target has announced 14 new locations in 2013. The Baltimore East location will be approximately 135,000 sq. ft. and will offer guests the everyday essentials and exclusive brands they have come to expect from Target. In addition, the new store will feature a selection of fresh produce, fresh packaged meats and pre-packaged baked goods to further enhance their customers’ shopping experience.

And, as always, Target looks for ways to interact in their community with partnerships through local organizations. Target will establish a local grant program through the store, contribute to the United Way, and set up a donation to Feeding America, or another approved agency.
 


Find us on Facebook for more information on drug store news, insights and products.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES