Advanced Search

U.S. Jewelry Store Sales Rise in September

Department Store Sales Fall in October

Nov 15, 2011 10:26 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... U.S. jewelry store sales for the month of September rose 22 percent year on year to $2.12 billion, according to government figures released today.  The consumer price index (CPI) for jewelry, meanwhile, rose 8 percent in September.  In its advanced retail summary report for the month of October, which was also released today, the government concluded that U.S. department store sales fell 0.7 percent to $14.4 billion. Retail trade sales rose 7.3 percent year on year in October.  Retail and food sales, excluding automotive related revenue, rose 6.8 percent to $344 billion during the month of October. 

MasterCard Advisors’ SpendingPulse, a macroeconomic report tracking national retail and service sales, concluded that retail sales, excluding automotive revenue, grew by 7.1 percent year on year. The group estimated that department stores sales were flat. Sectors driving retail growth in October included e-commerce, electronics, the luxury goods category, groceries and travel. Furniture and furnishings, which tend to be tied to a strong housing market, posted a ninth consecutive year-over-year loss in October. 

Kamalesh Rao, the director of economic research for MasterCard Advisors SpendingPulse, noted that, ''Last year saw a sales slump that began in May and went through September of 2010, which made for very easy comparisons during the summer months.  Retail sales began to recover in October of 2010, and that has certainly had an effect on the year-to-year numbers this month. In addition, the unseasonable snow storm on the last Saturday of the month may well have impacted sales in the Northeast.''


Tags: department, Jeff Miller, Jewelry, october, retail, revenue, sales, september, store
Similar Articles
Rapaport TradeWire June 21, 2018
Jun 21, 2018
Industry Retail Mining General Finance June 21, 2018 RAPAPORT MARKET COMMENT Hong Kong show
Rapaport TradeWire May 31, 2018
May 31, 2018
Industry Retail Mining General Finance May 31, 2018 RAPAPORT MARKET COMMENT Las Vegas shows
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.