Thursday, December 20, 2018

National Retail News

US retail sales increased a slight 0.2% in November, as strong holiday shopping sales were offset by lower gas prices. Excluding gas, however, the Commerce Department said last month’s retail sales rose a healthy 0.5% in a positive sign for economic growth. Retail sales have climbed a solid 5.3% so far this year. In November, non-store retail sales - a category that includes Internet brands such as Amazon - jumped 2.3%. Furniture, electronics, and health stores also enjoyed a solid bump as the holiday shopping season went into full swing. Besides non-store retailers, the gains were fueled by a 1.2% increase at furniture stores and a 1.4% growth in electronics and appliance stores. Core sales, which exclude autos, gas, and building materials, have increased over the past two months at the fastest pace in two years, a reassuring sign coming to the end of 2018. Among retailers still reporting monthly sales, L Brands was up 9.0% and Costco was up 9.2%. See sales reports below...Baskin-Robbins unveiled its next generation store format in a Fresno, CA location, adding handheld ice cream novelties and upgrading decor with modern fixtures and artwork that reflect local communities. The store will act as a model for new and remodeled shops in 2019, and will be among 6 - 10 new or remodeled stores to adopt the design in 2019. Baskin-Robbins has more than 2,500 US stores.

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