Tuesday 23 October 2018 ,
Tuesday 23 October 2018 ,
Latest News
  • PM prefers unchanged cabinet ahead of election
  • Have no desire to contest polls or to get any state post: Dr Kamal
  • Rohingya repatriation efforts could start early 2019: Malaysian FM
  • Quader rejects Oikyafront’s demand
  • US to continue call on Myanmar for safe return of Rohingyas: Wells
14 January, 2018 00:00 00 AM
Print

Online shopping pushes US retail sales up 0.4pc in December

AFP

AFP, WASHINGTON: A holiday season

jump in online shopping sent US retail sales higher in December, and helped push 2017 sales to their biggest gain in three years, the government reported Friday.

The gains came despite falling sales at department stores and other traditional brick and mortar retailers, according to the monthly report from the Commerce Department.

Total retail sales rose to $495.4 billion in the final month of the year, a 0.4 per cent increase compared to November.

Sales for all of last year rose 4.2 percent, the biggest increase since 2014, outpacing the 3.2 per cent rise in 2016, according to the report.

Another closely-watched measure of sales—excluding autos—also increased 0.4 per cent in the month, and posted a gain of 4.3 for the full year, which was the biggest increase since 2011.

Auto sales rose 0.2 per cent last month.

The biggest gains came in the category known as “nonstore retailers” which rose 1.2 per cent in the month and were up nearly 13 per cent compared to the same month of last year.

Meanwhile, traditional retailers, despite reports of healthy sales from some stores during the holiday shopping season, continue to struggle.  Department store sales declined 1.1 per cent from the prior month, while sporting goods stores fell 1.6 per cent.

 

Comments

Poll
Today's Question »
Gana Forum chief Dr Kamal Hossain yesterday said that Oikyafront won’t be used as support system to Jamaat or Tarique Rahman or others. Do you agree?
 Yes
 No
 No Comment
Yes 11.3%
No 86.9%
No Comment 1.9%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
010203040506
07080910111213
14151617181920
21222324252627
28293031

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting