logo  
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

Retail Sales Rise 0.2 Percent in December, 4.2 Percent in 2013

By  +Follow January 14, 2014 1:07PM
Share:
Tickers Mentioned:

After a dismal non-farms payroll report last Friday, the markets were looking for an optimistic report to show that the economy was grinding slower to end 2013. A report Tuesday morning provided a little sunshine, showing that retail sales modestly rose more than expected in December as consumers took advantage of discounted prices through the holiday season.

The Commerce Department reported that headline retail sales climbed 0.2 percent to $431.9 billion in December from November. Compared to December 2012, overall retail sales were ahead by 4.1 percent. Economists expected sales to be flat from November to December.

Meanwhile, the agency downwardly revised November’s figure from a 0.7-percent rise compared to October to a 0.4-percent increase.

For all of 2013, retail sales were up 4.2 percent compared to 2012. In 2012, sales were up 5.4 percent compared to 2011, which posted growth of 7.7 percent from 2010.

While Americans were snapping-up lower priced goods, big ticket items were a drag on total sales. Sales at auto dealers were down 1.9 percent in December, normally one of the best months of the year for car sales. Some experts blame extremely harsh weather (it was the coldest December in four years) as a reason for slower auto sales. As we reported earlier, automakers still had their best year since 2007.

Purchases at electronics and appliance stores also slid from November to December by 2.5 percent.

Excluding motor vehicles and parts, retail sales improved by 0.7 percent month-over-month, marking the biggest one-month gain since February.

Going along with the idea that bad weather kept people from making large, discretionary purchases, retail sales got a lift from purchases of food and beverages (+2.0%), clothing (+1.8%) and gasoline (+1.6%), necessities that are typically purchased during periods of inclement weather. People also spent 0.6 percent more at health and personal care stores.

Sales at “nonstore retailers,” which include online purchases rose 1.4 percent from November to December and a stellar 9.9 percent from December 2012.

Sales at brick-and-mortar department stores are being closely monitored after Macy’s (M) recently announced that it is closing five stores and laying-off 2,500 employees in a bid to conserve cash.  According to the government data, sales at department stores fell 0.7 percent month-over-month in December and 3.3 percent versus December 2012.

Wall Street is looking favorably upon the news today to recover from a triple-digit loss on Monday for the Dow Jones Industrial Average. Of course, big merger and acquisition news never hurts either, with Charter Communications (CHTR) offering $61 billion for Time Warner Cable (TWC) and Google (GOOG) paying $3.2 billion to snag home automation company Nest Labs. Just after lunch, the Dow is up 80 points; the S&P 500 has advanced 15 points and the Nasdaq has gained 59 points.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


Signup for our daily newsletter and get our best articles emailed right to you!

Results for goog
Solo traders
21 Sep 14 06:06:17
$GOOG - Internet Firms Should Be Banned From Building Customer Profiles on Personal Data: German Minister http://t.co/Sfdo73YVVZ
VisualStock Resource
21 Sep 14 06:06:16
$GOOG - Internet Firms Should Be Banned From Building Customer Profiles on Personal Data: German Minister http://t.co/qEOLG8PwAc
john smith
21 Sep 14 06:06:11
$GOOG - Internet Firms Should Be Banned From Building Customer Profiles on Personal Data: German Minister http://t.co/raVU6dtD0X
Live Stock News
21 Sep 14 06:06:08
$GOOG - Internet Firms Should Be Banned From Building Customer Profiles on Personal Data: German Minister http://t.co/396ND2jFEy
NASDAQ
21 Sep 14 06:06:02
$GOOG - Internet Firms Should Be Banned From Building Customer Profiles on Personal Data: German Minister http://t.co/pwePKa3WZf
Nest Egg
21 Sep 14 05:43:22
RT @hedgefundinvest: Something $GOOG Android enthusiasts, Windows Phone enthusiasts (all 4 of them) et al faill to appreciate is $AAPL abil…
hedgefundinvest
21 Sep 14 05:42:52
Something $GOOG Android enthusiasts, Windows Phone enthusiasts (all 4 of them) et al faill to appreciate is $AAPL ability to overhaul OS.
Mark L. Morelli
21 Sep 14 05:33:58
What Does Chief Technology Officer Of The U.S. Do? $GOOG $GOOGL $TWTR http://t.co/k655PPuFNw via @benzinga #CTO
Ivan Maljkovic
21 Sep 14 05:18:52
Ways to think about watches. Via @BenedictEvans $AAPL $GOOG #AppleWatch http://t.co/xnFaXGwoIw
Financial Iceberg
21 Sep 14 04:51:27
Smartphone Market Share And Usage By Country: Jul-Aug 2014 $AAPL, $GOOG $AAPL #aapl http://t.co/Qg8L0GEapV
DrugDates
21 Sep 14 04:20:08
Follow a real PORTFOLIO, with more than 85% return in less than a month https://t.co/u8w3UxMTbx $baba $aapl $goog $exas $msft
Mark L. Morelli
21 Sep 14 04:13:37
What Does Chief Technology Officer Of The U.S. Do? $GOOG $GOOGL $TWTR http://t.co/k655PPuFNw via @benzinga
Theodore Kekstadt
21 Sep 14 03:55:13
$GOOG online stock traders get their trading information here - No Login Required - http://t.co/DSuFFMMNAB
TechNews.org
21 Sep 14 03:36:45
Google To Encrypt Data in Android OS (NASDAQ GOOG) $GOOG : http://t.co/67oTEfuJpz
Ross Dominic Cercado
21 Sep 14 03:35:26
Wow. $PSEI increased by 9900%. #fail And $MSFT and $GOOG did better than $AAPL. http://t.co/0QYEJ3pYTR
Stockaholics
21 Sep 14 03:02:56
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/qloC4OFNEn $DPM $FRAK $GOOG
4-traders.com
21 Sep 14 03:00:02
GOOGLE 'C' : DoubleClick ad servers served malicious ads to millions of users: Report http://t.co/ao5gjJV8FG $GOOG
Stockaholics
21 Sep 14 02:59:10
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/qloC4OFNEn $GPS $NSPR $GOOG
Sorin Guiman
21 Sep 14 02:50:59
New Google R&D unit reportedly mulled. The unit would be known as Google Y. Big estimates for YouTube http://t.co/qrmTr9ZB71 $GOOG $GOOGL
TechNews.org
21 Sep 14 02:37:00
Nokia Site Visitors Redirected to Microsoft Site (MSFT) $GOOG : http://t.co/ZQ6PRhDUsS
Stockaholics
21 Sep 14 02:17:36
$ELRA closed up 288.89% on over 315 MILLION Volume! Get our new penny stock picks: http://t.co/qloC4OFNEn $TRX $AAPL $GOOG
eli vidal
21 Sep 14 01:56:25
RT @TorrasLuis: #Alibaba already among the big tech players. Market value $231B vs $GOOG $401B via @WSJ $BABA http://t.co/iWSCyHZtDa
Stock Wire
21 Sep 14 01:09:51
Google launches $105 Android One; eyes low-price smartphone boom $GOOG http://t.co/Z2aFZB4vew
シグレ@ドラマ〜
21 Sep 14 01:02:08
日本では普及しないかも $goog
René
21 Sep 14 00:56:56
RT @TorrasLuis: #Alibaba already among the big tech players. Market value $231B vs $GOOG $401B via @WSJ $BABA http://t.co/iWSCyHZtDa
Luis Torras
21 Sep 14 00:41:22
#Alibaba already among the big tech players. Market value $231B vs $GOOG $401B via @WSJ $BABA http://t.co/iWSCyHZtDa
LloydCreekStocks
21 Sep 14 00:33:13
Conquering The Living Room: Capabilities Vs. Motivations $AAPL $GOOG $AMZN http://t.co/h8hwnKgB3r
OTPicks.com
20 Sep 14 23:33:47
http://t.co/hjgLwIcNgz danrocks: $FCX Picking Up MOMO $GOOG $MFC.TO $ARIA $BBRY: danrocks http://t.co/lgIut9Ldd6 http://t.co/hjgLwIcNgz
Fred Fore
20 Sep 14 22:45:38
$GOOG online stock traders get their trading information here - No Login Required - http://t.co/aiAQHyvXG6
Ryan Flinn
20 Sep 14 22:24:05
Why Apple Pay might succeed where Google, PayPal, and Visa have failed via @VentureBeat $AAPL $GOOG http://t.co/JqUwTDKrCo
Chandra Vattikuti
20 Sep 14 21:55:11
RT @amir: The person who now runs $GOOG advertising, Sridhar Ramaswamy, dislikes cookies and targeting people off #Google. That seems impor…
Forex News & Tips
20 Sep 14 21:46:30
RT @ForTraders: GOOGLE 'C' : Canada's First Massive, International Hackathon to be Held at the University of Waterloo http://t.co/DuTRqpmVO…
4-traders.com
20 Sep 14 21:40:02
GOOGLE 'C' : Canada's First Massive, International Hackathon to be Held at the University of Waterloo http://t.co/DuTRqpmVOD $GOOG $MSFT
Vikram Tiwari
20 Sep 14 21:35:23
RT @amir: The person who now runs $GOOG advertising, Sridhar Ramaswamy, dislikes cookies and targeting people off #Google. That seems impor…
Amal
20 Sep 14 20:54:31
RT @amir: The person who now runs $GOOG advertising, Sridhar Ramaswamy, dislikes cookies and targeting people off #Google. That seems impor…
John Michael
20 Sep 14 20:48:17
RT @TheStreet: We spoke to $BT Americas' President! He says US customers could use a little competition, and that $GOOG is no threat http:/…
Phillip Ressler
20 Sep 14 20:44:53
RT @TheStreet: We spoke to $BT Americas' President! He says US customers could use a little competition, and that $GOOG is no threat http:/…
TheStreet
20 Sep 14 20:44:03
We spoke to $BT Americas' President! He says US customers could use a little competition, and that $GOOG is no threat http://t.co/ypGSQaqtOW
TalkMarkets
20 Sep 14 20:41:50
#MyFeelBack Raises €1M To Build Smarter Survey Software $GOOG http://t.co/61hFRJUChq
Amit Agarwal
20 Sep 14 20:40:50
RT @amir: The person who now runs $GOOG advertising, Sridhar Ramaswamy, dislikes cookies and targeting people off #Google. That seems impor…
Evener Investment
20 Sep 14 20:22:15
RT @SeekingAlpha: Conquering The Living Room: Capabilities Vs. Motivations http://t.co/QVZyJ3LH4S $AAPL #APPLE $GOOG $AMZN
Alysia Sarkisian
20 Sep 14 20:21:53
RT @SeekingAlpha: Conquering The Living Room: Capabilities Vs. Motivations http://t.co/QVZyJ3LH4S $AAPL #APPLE $GOOG $AMZN
awolam
20 Sep 14 20:20:00
RT @SeekingAlpha: Conquering The Living Room: Capabilities Vs. Motivations http://t.co/QVZyJ3LH4S $AAPL #APPLE $GOOG $AMZN
Seeking Alpha
20 Sep 14 20:17:10
Conquering The Living Room: Capabilities Vs. Motivations http://t.co/QVZyJ3LH4S $AAPL #APPLE $GOOG $AMZN
Evener Investment
20 Sep 14 20:16:18
RT @SeekingAlpha: Smartphone Market Share And Usage By Country: Jul-Aug 2014 http://t.co/2P5SppfNb0 $AAPL #APPLE $GOOG
Alysia Sarkisian
20 Sep 14 20:08:14
RT @SeekingAlpha: Smartphone Market Share And Usage By Country: Jul-Aug 2014 http://t.co/2P5SppfNb0 $AAPL #APPLE $GOOG
Seeking Alpha
20 Sep 14 20:03:35
Smartphone Market Share And Usage By Country: Jul-Aug 2014 http://t.co/2P5SppfNb0 $AAPL #APPLE $GOOG
Stock Wire
20 Sep 14 19:03:35
Google Inc. Weekly Roundup: Android, New Exec & Happy Investors $GOOG http://t.co/NoaTiYlY25
G. T. HALL
20 Sep 14 19:00:47
Tougher Twitter Ready To Rumble With Facebook, Google http://t.co/DyaC5mNmFf #IBDNews via @IBDinvestors $TWTR $GOOGL $FB $BIDU $GOOG
シグレ@ドラマ〜
20 Sep 14 18:32:02
日本では普及しないかも $goog
				
				
By  +Follow January 14, 2014 1:07PM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.