Sales at clothing stores dropped 0.3 percent, while online retailers' sales gained 1.2 percent.
Spending at US retailers rose in December for the fourth consecutive month, capping the strongest year for sales growth since 2014 and showing a continued surge in online retail sales while department-store spending slowed during a key month of the holiday shopping season.
Excluding automobiles, gasoline, building materials and food services, retail sales increased 0.3 percent in December following a higher revised 1.4 percent increase from the previous month.
At the same time, NRF had forecast non-store sales growth, which includes online revenue, would come in between 11% and 15% to between $137.7 billion and $142.6 billion.
"The improving labor market, robust consumer confidence and the imminent boost to disposable incomes from the recently-enacted tax cuts suggest that spending will continue to grow at a healthy pace over the first half of this year", said Andrew Hunter, an economist at Capital Economics.
"Results are even better than anything we could have hoped for", federation CEO Matthew Shay said in a statement. "With this as a starting point and tax cuts putting more money into consumers' pockets, we are confident that retailers will have a very good year ahead".
Compared with a year ago, retail sales were also up in nearly every category, with some doing very well indeed.
Retailers had their best holiday season since 2010, according to the National Retail Federation, which on Friday reported that sales in the November-December period rose 5.5% compared with the year earlier period.
Start your workday the right way with the news that matters most. Total sales for the October 2017 through December 2017 period were up 5.5% from the same period a year ago. Building materials and supplies stores were up 8.1%, furniture and home furnishings grew 7.5% and electronics and appliance stores were up 6.7%.
Department store sales were also on the weak side, edging higher by just 0.1% to $58.6bn. Last month's increase in retail sales and the sharp upward revision to November data bolsters economists' expectations of an acceleration in consumer spending in the fourth quarter.
For the week, the Dow surged up by 2 percent, while the Nasdaq and the S&P 500 jumped by 1.7 percent and 1.6 percent, respectively. Retailers closed a record 7,000 USA stores past year, while dozens of big-name companies, including Gymboree, RadioShack and BCBG Max Azria, filed for bankruptcy.
California State Teachers Retirement System raised its stake in United States Steel by 1.9% during the second quarter. The stock of AK Steel Holding Corporation (NYSE: AKS ) earned "Neutral" rating by JP Morgan on Wednesday, January 25.
Finance Minister Bruno Le Maire said Thursday that the anti-fraud unit DGCCRF would undertake 2,500 additional checks next week. It is not the first time the baby milk formula industry has been affected by a health scare.
The Hawaii native traveled to Provo, Utah, in December of that year but ultimately declined the job offer to stay at Navy . The University of Arizona may be close to hiring Navy head football coach Ken Niumatalolo , according to reports .
Also new as of December 12, Three of Coins is a four-hour buff that increases the odds of Exotic engrams dropping in the wild. Bungie clarified their effectiveness , and they don't seem particularly worth the steep Legendary Shard cost at the moment.
Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Activision Blizzard by 0.4% in the 2nd quarter. Parkside Bancorp & reported 0.01% of its portfolio in Activision Blizzard, Inc . (NASDAQ: ATVI ) on Monday, August 7.
Trend Direction of Twenty-First Century Fox, Inc. (NASDAQ: FOXA ) has declined 2.90% since January 11, 2017 and is downtrending. Jefferies maintained the stock with "Buy" rating in Thursday, December 21 report. (NASDAQ:AAPL) was sold by SCHILLER PHILIP W.
In 2013, NXT held a tournament to crown its first women's champion, which Paige won, defeating Emma in the finals. It was believed at the time that Paige had suffered a stinger, leading to her losing feeling in her extremities.
After this film, Tarantino next plans to helm an R-rated Star Trek movie, a fact we're all still having a hard time believing. Business Insider contacted DiCaprio and Tarantino's representatives for confirmation but did not get an immediate response.
Swinging along a glistening handbag, the elder Hadid sister matched high-waisted black pants with a pair of high-heeled boots. So, there is no competition there'. " Gigi was on a photo shoot with them [for] her collection with Tommy Hilfiger".
The Washington Post points out that President Trump accidentally mixed up the total number of fighter jets with the actual names. As it turns out, the only way to pilot an F-52 is to be a gamer playing " Call of Duty: Advanced Warfare ".
(UNP) Holdings Cut by Tokio Marine Asset Management Co. Ltd.
The institutional investor owned 536,709 shares of the railroad operator's stock after selling 2,272 shares during the period. The railroad operator reported $1.50 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.49 by $0.01.
Republicans are trying to clean up Trump's "shithole" comments
John Cornyn of Texas, the No. 2 GOP senator, and other Republicans have derided the group of six senators as having little clout. This morning, President Trump said he did use profanity, but the specific phrased he's accused of saying - really was NOT said.
B&M emerges as Christmas victor
In its United Kingdom market, sales shot up by 12.9 per cent to £837.3 million with like-for-like sales up by 3.9 per cent. B&M posted a 22.7% rise in sales to £969.8mn in the 13 weeks to December 23, with like-for-like sales growing 3.9%.
A Look Into Insider Activity With Equity Residential (EQR)
Idaho-based Buffington Mohr Mcneal has invested 1.36% in Fiserv, Inc. (NYSE:PSTG) on Friday, June 16 with "Market Perform" rating. In other news, Chairman Samuel Zell sold 91,651 shares of the stock in a transaction that occurred on Monday, October 30th.
QI In Focus For Bemis Company, Inc. (NYSE:BMS)
It turned negative, as 51 investors sold PG shares while 765 reduced holdings. 32 funds opened positions while 144 raised stakes. Stillwater Investment Mngmt Llc reported 0.99% of its portfolio in The Procter & Gamble Company (NYSE:PG). (NYSE:AMC).
Bills part ways with offensive coordinator
The play resulted in an offensive pass interference penalty and three points instead of seven. "There's some calls we want back". The Buffalo Bills have fired offensive coordinator Rick Dennison after just one season, the team formally announced on Friday .