Retail sales see small increase for October
WASHINGTON — Retail sales edged up slightly during the month of October, the U.S. Census Bureau announced Tuesday.
Adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, sales totaled $397.7 billion. Retail trade sales rose 0.6% above September and 7.3% above the year-ago period.
Adjusted grocery store sales increased to $46.8 million from $46.3 million in September, while health and personal care stores saw adjusted sales of $23.3 million from $23.1 million last month.
Although advanced estimates for pharmacies and drug stores are not included in the report, the Census Bureau disclosed that adjusted sales slightly decreased from August to September.
Commenting on the results, the National Retail Federation said that it not only marks the 16th straight month retail sales rose, but it also indicates that consumers are prepared to spend this holiday season.
“Retailers’ early holiday promotions seemed to strike the right chord with shoppers last month,” NRF president and CEO Matthew Shay said. “Knowing the economy is still a big factor in customers’ shopping decisions, retailers will continue to offer great deals and exceptional value throughout the holiday season.”
CityTarget to open in Westwood, Calif.
MINNEAPOLIS — Target is bringing its smaller-format store to the Los Angeles metropolitan area.
The 98,000-sq.-ft. CityTarget, which will be located in Westwood, Calif., will open in July 2012. It is the second store of its kind confirmed in the area, with the first being open in October 2012 in downtown Los Angeles.
Target currently has 58 other stores in Los Angeles.
“Target is thrilled to bring our newest store format, CityTarget, to this thriving Los Angeles neighborhood,” Target EVP property development John Griffith said. “We look forward to providing our guests on the Westside with high quality merchandise at a great value and the exceptional one-stop shopping experience they have come to expect from Target.”
Harris Teeter, MillerCoors to provide 400 military families with turkeys, meals
CHARLOTTE, N.C. — Harris Teeter and MillerCoors on Tuesday announced that the companies jointly will host Operation Homefront Thanksgiving Feast for Military Families on Nov. 22.
Families of DC National Guard members will arrive at the DC Armory to greet a Harris Teeter tractor trailer filled with traditional holiday dinners. Thanks to the support of MillerCoors and Operation Homefront, Harris Teeter is providing 400 families — many of which have loved ones deployed to Iraq and Afghanistan over the holidays — with fully prepared turkey dinners.
Representatives from Harris Teeter will be on hand to receive thanks and commemorative coins from the commander of the DC National Guard, General Errol Schwartz and leaders of the Guard’s Family Readiness Group.
“Times are tough for our military, and multiple deployments, on top of a bad economy, have made it especially hard for their families,” stated Vivian Dietrich, president of Operation Homefront’s DC Metro Chapter. “On behalf of those who sacrifice so much for us, we thank Harris Teeter for its generous support.”