The National Retail Federation said that, for the first time in three months, retail sales ticked down slightly as consumers cooled discretionary spending in the face of inclement weather and uncertainty in Washington.
The National Retail Federation reported that September retail sales – excluding autos, fuel and restaurants – increased a seasonally adjusted 0.4%, thanks to strong showings from clothing and electronics stores.
Importers who sell to America’s major retailers are preparing for a significant uptick in consumer spending this spring and summer according to a recent survey conducted by Capital Business Credit, (CBC), a non-bank lender that services the retail sector.
Toys “R” Us has named Richard Barry as senior VP, chief merchandising officer, Toys“R”Us, U.S. In his new role, Barry is responsible for all aspects of merchandising initiatives for the company’s U.S. operations.
Galleria Retail Technology Solutions, a provider of retail and category optimization solutions, announced that Morrisons, the United Kingdom’s fourth largest food retailer, will utilize its complete product suite to automate its merchandising strategy.
With most holiday season merchandise already on its way to store shelves, import cargo volume at the nation’s major retail container ports has started to decline for the fall, and November is forecast at 1.9% below the same month last year, according to the monthly Global Port Tracker report released Tuesday by the National Retail Federation and Hackett Associates.