Thursday, October 18, 2018 | ePaper

Online shopping pushes US retail sales up 0.4pc in December

  • Print
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 percent increase compared to November.
Sales for all of last year rose 4.2 percent, the biggest increase since 2014, outpacing the 3.2 percent rise in 2016, according to the report.
Another closely-watched measure of sales-excluding autos-also increased 0.4 percent 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 percent last month. The biggest gains came in the category known as "nonstore retailers" which rose 1.2 percent in the month and were up nearly 13 percent 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 percent from the prior month, while sporting goods stores fell 1.6 percent.

More News For this Category

State Minister for Land Saifuzzaman Chowdhury, inaugurating the 180th Branch of United Commercial Bank (UCB) at city's Shyamoli area on Wednesday as chief guest. Mohammad Shawkat Jamil, Managing Director (Acting), Bazal Ahmed, Director and senior officials of the Bank were also present.

State Minister for Land Saifuzzaman Chowdhury, inaugurating the 180th Branch of United Commercial Bank (UCB) at city's Shyamoli area on Wednesday as chief guest. Mohammad Shawkat Jamil, Managing Director (Acting), Bazal Ahmed, Director and senior officials of the Bank were also present.

.

Ensuring international quality of industrial products stressed

Rangpur, Correspondent :Ensuring international standard and quality of locally manufactured products has become crucial to face the challenges of globalisation in flourishing local industries to enhance trade, business and

Shehzad Munim, Managing Director of British American Tobacco (BAT) Bangladesh and Naser Ezaz Bijoy, CEO of Standard Chartered Bangladesh, signing an agreement to avail the 'Supply Chain Finance' programme (a financing programme for the distributors and suppliers of Bank's corporate clients) at BAT head office in the city recently. Kanan Kumar Roy, Member, Iktiar Uddin Mohammed Mamun, First Secretary of Tax Policy of NBR and other senior officials from the two companies were also present.

Shehzad Munim, Managing Director of British American Tobacco (BAT) Bangladesh and Naser Ezaz Bijoy, CEO of Standard Chartered Bangladesh, signing an agreement to avail the 'Supply Chain Finance' programme (a financing programme for the distributors and suppliers of Bank's corporate clients) at BAT head office in the city recently. Kanan Kumar Roy, Member, Iktiar Uddin Mohammed Mamun, First Secretary of Tax Policy of NBR and other senior officials from the two companies were also present.

.

City Bank gets new office-bearers

City Bank gets new office-bearers

Business Desk :The Board of Directors of City Bank elected its Director Aziz Al Kaiser as the Chairman and Hossain Khaled as the Vice-Chairman of the Bank on Wednesday. 

IBBL organizes school banking conference in Bagerhat

Business Desk :A school banking conference has been held at Bagerhat Zila Parishad auditorium under auspices of Islami Bank Bangladesh Limited (IBBL) as part of Bangladesh Bank's financial inclusion

Walton Digital Campaign enters 2nd year

Business Desk :The Digital Campaign of Walton has successfully completed one year. The country's leading electronics brand started the campaign nationwide on October 2 last year to make online

'Showcase Bangladesh' in Malaysia in Feb '19

Business Desk : The Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) is going to organise the 4th edition of "Bangladesh Showcase" in Kuala Lumpur for promoting Bangladeshi products in the

Price fall in large-caps drives stocks down

Economic Reporter :Stock markets closed on Wednesday of the week with downward trend due mainly to price fall in large-cap securities despite higher transactions.The falling major sectors were food

BD economy rank drops to one step

Monirul Alam :Bangladesh has been placed at 103rd position among 140 most competitive economies in the Global Competitiveness Index (GCI) 2018 that was disclosed on Wednesday.The country's position has

Korea-Bangladesh Chamber of Commerce and Industry (KBCCI) is going to organize the

Korea-Bangladesh Chamber of Commerce and Industry (KBCCI) is going to organize the "Showcase Korea 2018" at city's International Convention City Bashundhara tomorrow (Friday). Commerce Minister Tofail Ahmed will inaugurate the Showcase as chief guest. Shahab Uddin Khan, Senior Vice-Chairman of the Chamber informed this at a press meet at Pan Pacific Sonargaon Hotel in the city on Wednesday. Jong Won Kim, DG of Korea Trade-Investment Promotion Agency (KOTRA), Dong Kon Son, Managing Director of LG Electronics Bangladesh, Do-Kee Park (Harry), CEO of KBCCI and Dong-jun Lee, Deputy Chief of Korea Embassy in Bangladesh were also present.

.