July sales were relatively flat, according to the Commerce Department’s monthly forecast, while furniture and home furnishings rose marginally.
WASHINGTON – Sales of furniture and housewares edged up in July, a flat month for the retail sector, according to the Commerce Department’s monthly forecast.
The furniture and furnishings segment posted an adjusted value of $12.122 billion in July, up 0.2% from June’s $12.1 billion. But while revenue in this category was relatively flat month-over-month, it rose 2.1% from July 2021’s $11.873 billion. Year-over-year sales of furniture and housewares were $81.913 billion.
Overall, the total retail spectrum was $682.815 billion in July, even higher than the $682.585 billion originally reported in June. Year-over-year, retail sales increased 10.3% from $619.180 billion in July 2021.
Very few categories saw significant growth in July, but non-store retailers led the way, up 2.7% compared to June. Building materials and gardening equipment and supplies distributors and multi-store retailers were each up 1.5% month-on-month.
These gains were offset by some notable downsides. Sales to service stations fell 1.8% as prices fell, while sales from auto and parts dealers fell 1.6%. Convenience stores declined 0.7% and clothing and clothing store sales fell 0.6%.
DOC’s preliminary estimates are based on a subsample of the US Census Bureau’s full retail and hospitality sample. A stratified random sampling method is used to select approximately 5,500 retail and hospitality businesses whose sales are weighted and scored to represent the entire universe of over 3 million retail and hospitality businesses.
Thomas Lester is Retail Editor for Furniture Today and Digital/Managing Editor for Home Accents Today. A graduate of Emory & Henry College’s Mass Communications program, Lester worked for newspapers in Virginia and North Carolina for a dozen years before joining Furniture Today, where he covered areas including community news, government, education, ACC sports and pro baseball. And many more were added. in 2013. Contact me at [email protected] with your story ideas, suggestions and more.