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November Retail Sales Beat Modest Expectations Despite Another Decline In Clothing Sales
There was much concern that heading into the holiday season the US consumer would hunker down, which is why the just released retail sales came as a bit of good news: the headline and core (ex-autos) numbers both beat expectations of 0.6% and 0.2%, printing at 0.7% and 0.4% respectively, and refuting rumors of a big consumer slowdown into the holiday season. On the other hand, core retail sales, ex-autos, showed a declining growth rate, following the 0.5% increase in October, declining to 0.4% in the past month, while the ex-autos and gas number remained flat from October to November, or 0.6%. It is unclear if this number is good enough to send futures sliding on the back of the horrible claims report which has so far managed to push futures into green territory, but with the bulk of the monthly change contained in the seasonal adjustment, any 0.1% increments of change or beats of expectations are very much noise.
Looking at the strong sectors, aside from autos which posted a 1.8% increase in October, there was strength in Building materials and garden supplies dealers, whose sales also rose by 1.8%, while non-store retailers' increase of 2.2% was the largest jump since July 2012. Also good news for electronics stores: their sales increased by 1.1%, as did furniture and home furnishing stores, rising by 1.2%. The last place where sales posted a notable increase: food and drinking places, whose sales rose 1.3%. The bad news: all the clothing retailers, whose margins are already imploding: they saw November sales decline by -0.2% from the prior month. Hardly good news for an industry that has been battered in the past few months.
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HOW DO YOU MEAN YOU DON'T HAVE THIS SHIRT IN XXXXXXXXXXXXXXXXXXXLLLLLL²
Uhh, we are Chinese clothing shop maam, have you ever seen a 2xl china man? Ergo no extra large.
Auto sales are pushing everything. And despite that, there is a huge inventory buildup of autos. Something is really out of wack here.
Never fear, the sheep are hooked on Chinese garbage. They will soon start consuming more toxic plastic crap. I have faith in the fvktards in the USSA.
All that I knew was the hole in my shoe was letting in water.
Huh....so connedsumers didn't load the SUV with new clothes in November? Maybe they're just getting by with Octobers haul of retail fashions.
WTF seriously I'm wearing a Carhartt ranch jacket I bought 12 years ago right now.
i haven't been to planet mall in a long, long time. I orbit planet called thrift...
They thought it was gonna be .06 (bad news)...but SURPRISE it was .07, GREAT news!
I'm supposed to take these insignificant numbers seriously? Nevermind the actual news that retail sales were way down on the big November directed consumption Black Friday/Cyber Monday connedsumer events...it's all better now?
How about the lipstick index?
It's skyrocketing due to the amount they're trying to put on the pig.
I don't get to seasonaly adjust my sales. They were down. Everyone in business I talk to, other than car dealers, sales are down.
If Wells Fargo wasn't giving new car loans out to anyone with a pulse, they would be way down as well.
My commercial maintenance business is up 30%, the rich are spending your money.
... with the release of xbone and ps4, both a high ticket items, you'd think there be a bit more bump in electronics sales ...
the emperior has no clothes ........
No mystery here. Clothing quality is crap most places. Poorly constructed see through fabric crap. If the new stuff is worse than what you have in your closet why buy new if you don't have to?