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

Global Natural & Cultured Pearls Market Poised for Strong Growth Through 2032, Driven by Luxury Demand and Key Players Like Mikimoto and Paspaley

Madagascar Discovers 300kg Emerald Rock Hidden in Presidential Palace, Plans State Auction

Van Cleef & Arpels Elevates Alhambra Collection with Transformable Designs and High-Jewellery Craftsmanship

Birdhichand Ghanshyamdas Debuts Flagship Showcase in Doha with Al Darwish Jewellery

NDC Appoints Amber Pepper as CEO to Lead Global Consumer Demand Strategy