A Celebration of Jewelry and the Business Behind the Beauty
Leibish & Co
Tuesday, October 19, 2010
September Shows Improvement in Retail Sales
The U.S. Department of Commerce reported that U.S. September retail sales rose by 0.6 percent from its prior month on a seasonally-adjusted basis following a 0.7 percent rise in August.
Total retail sales (not including motor vehicle and gasoline) rose by 0.4 percent in September following a 1 percent gain in August. Shopping-center sales—derived from these data by ICSC Research—rose by 0.4 percent in September compared with a gain of twice that pace in August. The Commerce Department figures were presented by the International Council of Shopping Centers.
“On a month-over-month basis, strong sales gains for motor vehicles, which rose by 1.6 percent, and electronics up 1.5 percent helped to lift the overall pace, but there were solid across the board gains in most of the categories,” ICSC said. “On the weak side, were clothing and department stores—both off in September—and likely negatively affected by abnormally warm weather curbing demand for seasonal merchandise.”
On a year-over-year basis, total retail sales rose by a strong 7.3 percent in September, the strongest monthly performance since March. Excluding motor vehicles and gasoline, retail sales were up 5 percent for the month. Shopping-center sales in September rose by 3.5 percent.
This blog is for those who are passionate about jewelry and watches and want to learn more about the industry. It's a place to find the best new products from all over the world and the latest news about the business of jewelry, watches and luxury. Readers gain a backstage pass to the glamour, fun and difficulties of the industry.
I am a freelance writer and editor who covers the luxury jewelry and watch industry for several publications, including Forbes.com the Financial Times, Hong Kong-based JewelleryNetAsiaand the Italian jewelry magazine, VO+. In addition, I have my own blog covering the jewelry and watch industry, Jewelry News Network.