PROTECTING RETAILERS AND A LIFESTYLE

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Retail Sales Rebound in January

According to the National Retail Federation, retail industry sales for January (which exclude automobiles, gas stations, and restaurants) increased 0.5 percent seasonally adjusted from last month and decreased 2.1 percent unadjusted year-over-year.

January retail sales released today by the U.S. Commerce Department show total retail sales (which include non-general merchandise categories such as autos, gasoline stations and restaurants) increased 1.0 percent seasonally adjusted from December but decreased 9.0 percent unadjusted year-over-year.

While seasonal increases were encouraging for retailers, budget-conscious consumers still spent much less this year compared to last January. Sales at clothing and clothing accessories stores increased 1.6 percent seasonally adjusted from December and decreased 8.0 percent unadjusted over last January.