News

U.S. consumers were low in shopping spends during February

The forthcoming Easter is anticipated to increase sales-according to research

diamond world news service

The retail market in the U.S. has continued to be a little laidback, as reported by the National Retail Federation (NRF). The U.S. consumers did not indulge much in shopping during February, otherwise a month when demand for wedding jewellery is high. The retail industry sales rose by 6.3% unadjusted over last year. January also reported a flat retail environment. According to data by the US Commerce Department, total retail sales in February dropped by 0.6%, compared to January 2008. It showed an increase of 6.8% unadjusted year over year.

Within this backdrop, the retailers are counting on the forthcoming Easter celebrations, to excite sales. A survey undertaken by NRF to predict the growth in retail during the Easter festival, states that expenditures are likely to touch $14.44 billion on Easter food, apparel, gifts, flowers, decorations and candy. Also, around 58.8% of the consumers are expected to head to the discount stores while department stores should see 35.6% of the shoppers.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

Fadnavis Proposes Mumbai–Antwerp Corridor as India-Belgium Trade Turns Surplus

Surat LGD Trade Seeks Pricing Discipline as Margins Come Under Pressure

Tiffany & Co.’s Bird on a Rock Lands at Udaipur’s Taj Lake Palace

US Orders Strengthen India’s Lab-Grown Diamond Jewellery Play

CIBJO Centenary Congress: Industry Aligns Behind ‘Synthetic’ as Natural Diamond Demand Takes Centre Stage