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July Retail Sales Increase Year-Over-Year for Back-to-School Season

According to the National Retail Federation (NRF), as back-to-school sales start, retail industry sales for July (excluding automobiles, gas stations, and restaurants) increased 3.1 percent unadjusted year-over-year. Retail industry sales also declined 0.2 percent seasonally adjusted month-to-month.

July retail sales released by the U.S. Commerce Department show that total retail sales (including non-general merchandise categories such as automobiles, gas stations, and restaurants) increased 0.4 percent seasonally adjusted from June and increased 5.4 percent unadjusted year-over-year.

Back-to-school related categories also saw year-over-year gains, according to the NRF. Clothing and accessories stores were up 4.7 percent over last July, but declined 0.7 percent from June. Electronics and appliance stores increased 8.1 percent year-over-year and declined 0.1 percent from last month. Furniture and home furnishing stores increased 0.4 percent from the same period a year ago and declined 0.3 percent from June.

A survey conducted by NRF, released in July, found that the average family of students in grades K-12 would spend $594.24 on back-to-school this year, an increase of 8.3 percent compared to $548.72 last year.

Report: April Retail Sales Increase 4.6 Percent in 2010

According to the National Retail Federation (NRF), April retail industry sales (excluding automobiles, gas stations, and restaurants) increased 0.5 percent seasonally adjusted over March and 4.6 percent unadjusted year-over-year. Sales for March and April, the typical months for Easter purchases, increased 5.6 percent unadjusted over last year.

April statistics released by the U.S. Commerce Department show total retail sales (including non-general merchandise categories such as autos, gasoline stations, and restaurants) increased 0.4 percent seasonally adjusted over March and 9.3 percent unadjusted year-over-year.

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