|12/13/2012 11:31:00 AM|
Retail sales mixed in November
A Commerce Department report today offered a mixed signal for the holiday shopping season. U.S. retail sales rose 0.3 percent in November from October.
That offset a 0.3 percent decline in October from September.
Locally, retailers also experienced mixed sales results in November.
Dale Vlastnik, owner of Vlastnik’s Menswear in downtown Peru, was happy with his November sales.
“Sales are up over last year,” he said. “It is easy to quantity, but difficult to know the reasons why; but we are definitely busier than last year. We are doing markedly better in dress clothing, suits and sport coasts, also in the nicer work clothes like Carhart, Red Wing and Wolverine work boots.”
Vlastnik also noted people appear to be buying more American made goods, which he carries.
“I definitely see a trend in more people buying American made goods and I think people are wanting to shop locally rather than buying online. People are telling me they would rather buy locally because it supports the community.”
Kathy Glascok, owner of Girlfriends…the bra specialists, Peru, said her November sales were “even” in November in keeping with her store’s history and trends.
“We have had a good growth year, so we anticipate that December will follow the same growth pattern,” she said.
Americans spent more online in November to start the holiday season and began to replace cars and rebuild in the Northeast after Superstorm Sandy, according to the Commerce Department report.
The figures were much stronger after factoring lower gas prices. When excluding a large drop in gas station sales, retail sales increased a solid 0.8 percent.
The report offered a mixed signal for the holiday shopping season.
Sales that reflect online shopping surged 3 percent — the biggest gain in 13 months. But department store sales tumbled and Americans spent less at stores like Wal-Mart and Target.
Some of the decline may be because of the storm. Still, economists worry that consumers may also be growing more cautious because of looming tax increases set to take effect in January.
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