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March Retail Sales Show Growth

By Staff -- Gifts and Dec, 4/23/2007 9:07:00 PM

Washington, DC — Retailers saw strong March sales thanks to an early Easter and unseasonably warm weather. According to the National Retail Federation (NRF), retail industry sales for March (which exclude automobiles, gas stations and restaurants) rose 3.7 percent unadjusted over last year, and 0.8 percent seasonally adjusted from February.

“The big winners in March were clothing stores, whose shoppers splurged on new spring apparel,” said NRF Chief Economist Rosalind Wells. “Clearly the weather and the early Easter had a desirable impact on retail sales.”

Clothing and clothing accessories stores sales saw the strongest gains, with a 10.7 percent increase unadjusted over last year and a 2.4 percent increase seasonally adjusted from February.

General merchandise stores sales also fared well, with a 6.6 percent increase unadjusted from last year, and a 1.1 percent increase seasonally adjusted from February. Furniture and home furnishings stores sales rose 4.2 percent unadjusted from last year, and 0.6 percent seasonally adjusted from the previous month.

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