New monitor, familiar story: Furniture sales slid in October
A new sales monitoring tool from CNBC/NRF showed furniture and home furnishings sales dropped in October following on declines in the two previous months.
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A new sales monitoring tool from CNBC/NRF showed furniture and home furnishings sales dropped in October following on declines in the two previous months.
October retail sales, excluding autos and gas, fell by 0.08%, according to the new CNBC/NRF Retail Monitor. The Retail Monitor is a joint product of CNBC and the National Retail Federation based on 9 billion annual credit and debit card transactions collected and anonymized by Affinity Solutions. The October data, accounting for more than $500 billion in sales, showed weakness in gas station sales, electronics and appliances and furniture and home stores. The consumer took a spending break ahead
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