Retail group blames Washington for slow holiday sales

  • Posted: Tuesday, January 15, 2013 12:15 p.m.
  • Text size: A A A

Holiday retail sales fell short of projections because of Americans’ uncertainty over the economy amid Washington politics, the National Retail Federation reported Tuesday.

While holiday sales increased a solid 3 percent, they fell below the NRF’s projected forecast of 4.1 percent, and the head of the NRF put the burden squarely on politicians in Washington.

“For over six months, we’ve been saying that the fiscal cliff and economic uncertainty could impact holiday sales. As the number shows, these issues had a visible impact on consumer spending this holiday season,” NRF President and CEO Matthew Shay said.

“We can’t expect consumers to continue to carry the burden of growing our economy,” he said. “Washington must put political differences aside and do what it takes to get our country growing again and Americans back to work.”

Total sales, excluding automobiles, gas stations and restaurants, came to $579.8 billion. Online sales grew 11.1 percent in November and December, just shy of the 12 percent NRF’s online arm, shop.org. predicted.

“While non-store retail sales increased a hearty 11 percent this December, total December sales could not make up for shortfalls in certain categories like electronics,” NRF Chief Economist Jack Kleinhenz said. “Heading into 2013, consumers could continue to think twice about their discretionary purchases as they face decreases in their paychecks and other concerns with their household budgets.”

Other findings from the December retail sales report include:

• Clothing and clothing accessories stores’ sales increased 1 percent seasonally-adjusted month-to-month and increased 2.5 percent unadjusted year-over-year.

• Electronics and appliance stores’ sales decreased 0.6 percent seasonally-adjusted month-to-month and decreased 0.4 percent unadjusted year-over-year.

• Furniture and home furnishing stores’ sales increased 1.4 percent seasonally-adjusted month-to-month and increased 3.0 percent unadjusted year-over-year.

• General merchandise stores’ sales were unchanged seasonally-adjusted month-to-month and decreased 3.4 percent unadjusted year-over-year.

• Health and personal care stores’ sales increased 1.4 percent seasonally-adjusted month-to-month and decreased 0.7 percent unadjusted year-over-year.

• Nonstore retailers’ sales increased 0.5 percent seasonally-adjusted month-to-month and increased 9.6 percent unadjusted year-over-year.

• Sporting goods, hobby, book and music stores’ sales increased 0.6 percent seasonally-adjusted month-to-month and increased 4.7 percent unadjusted year-over-year.

Comments { }

Postandcourier.com is pleased to offer readers the enhanced ability to comment on stories. We expect our readers to engage in lively, yet civil discourse. Postandcourier.com does not edit user submitted statements and we cannot promise that readers will not occasionally find offensive or inaccurate comments posted in the comments area. Responsibility for the statements posted lies with the person submitting the comment, not postandcourier.com. If you find a comment that is objectionable, please click "report abuse" and we will review it for possible removal. Please be reminded, however, that in accordance with our Terms of Use and federal law, we are under no obligation to remove any third party comments posted on our website. Read our full Terms and Conditions.