Connect with us


Retail Sales Fell in January

Most retail categories, including online, saw sinking sales last month.





Overall retail sales in January fell .4 percent, excluding sales of autos and gas sales; the sharpest decline since March 2023, according to the monthly report released Thursday by the U.S. Department of Commerce.

The monthly sales total for January was $700.3 billion. “It’s a weak report, but not a fundamental shift in consumer spending,” said Robert Frick, Corporate Economist for Navy Federal Credit Union, told CNBC. “December was high due to holiday shopping, and January saw drops in those spending categories, plus frigid weather plus an unfavorable seasonal adjustment. Consumer spending likely won’t be great this year, but with real wage gains and increasing employment it should be plenty to help keep the economy expanding.”

Online, electronics and appliance outlets, apparel, health and personal care and sporting goods all saw decreased sales in January. Food services, however, increased .7 percent.



P.L.A.Y. Media Spotlight

At P.L.A.Y. — Pet Lifestyle & You — toy design is definitely a team effort! Watch PETS+ interviewer Chloe DiVita and P.L.A.Y.’s Director of Sales Lisa Hisamune as they talk about the toy design process, the fine-tuning that makes each toy so special and why every P.L.A.Y. collection is made with independent retailers top of mind.

Promoted Headlines

Most Popular