Archive for February, 2007

NRF: March Retail Sales Show Solid Growth


Retailers saw strong March sales thanks to an early Easter and unseasonably warm weather. According to the National Retail Federation, retail industry sales for March (which exclude automobiles, gas stations, and restaurants) rose 3.7 percent unadjusted over last year and 0.8 percent seasonally adjusted from February.
 
March retail sales released today by the U.S. Commerce Department show that total retail sales (which include non-general merchandise categories such as autos, gasoline stations and restaurants) increased 0.7 percent seasonally adjusted from last month and increased 3.8 percent unadjusted year-over-year. 

Survey: Consumers to Spend $2.1 Billion on Jewelry for Mother's Day


This Mother’s Day, consumers plan to spend $15.73 billion, according to a National Retail Federation survey.

NRF's 2007 Mother’s Day Consumer Actions and Intentions survey, conducted by BIGresearch, report's that consumers are expected to spend an average of $139.14 on the holiday compared to last year’s $122.16.

The study found that the nearly 85 percent of consumers plan to celebrate Mother's Day this year. Shoppers plan to spend nearly $1.6 billion on clothes and accessories (37.0%), $2.1 billion on jewelry (32.8%), $2.3 billion on flowers (72.4%) and $3.1 billion on a special dinner or brunch at their favorite restaurant (61%).