U.S. Retail Sales Increase 0.9% In March

U.S. retail and food services sales for March, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $441.4 billion.

Total Retail Sales

This is up 0.9% from February’s sales and up 1.3% from the same month a year ago.

Retail Sales Change

All categories of retail sales except for gas stations and electronics & appliances have seen increases year over year.

Retail Sales Table

U.S. Retail Sales Decline Again In January

U.S. retail and food services sales for January, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $439.8 billion.

Retail Sales

This is down 0.8% from December’s sales and up 3.3% from the same month a year ago.

Retail Sales Change

All categories except for gas stations have seen retail sales increase year over year.

Retail Sales Table

U.S. Retail Sales Sink In December

U.S. retail and food services sales for December, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $442.9 billion.

Retail Sales

This is down 0.9% from November’s sales and up 3.2% from December 2013.

Retail Sales Change

All categories except for gas stations have seen retail sales increase year over year.

Retail Sales Table

Retail Sales Increase In November

Retail and food services sales for November, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $449.3 billion.

Retail Sales

This is up 0.7% from October’s sales and up 5.1% from November 2013.

Retail Sales Change

Sales increased the most, both relatively and nominally, in November for autos & auto parts, rising 1.7%. The only monthly decreases were 0.8% in gas and 1.7% in miscellaneous retailers.

All categories except for gas stations have seen retail sales increase year over year.

Retail Sales Table

Customizing Your Portfolio To Your Financial Advisor’s Needs

Researchers question the degree of actual portfolio customization investors receive from through their financial advisors. Retail Financial Advice: Does One Size Fit All?

Using unique data on Canadian households, we assess the impact of financial advisors on their clients’ portfolios. We find that advisors induce their clients to take more risk, thereby raising expected returns. On the other hand, we find limited evidence of customization: advisors direct clients into similar portfolios independent of their clients’ risk preferences and stage in the life cycle. An advisor’s own portfolio is a good predictor of the client’s portfolio even after controlling for the client’s characteristics. This one-size-fits-all advice does not come cheap. The average client pays more than 2.7% each year in fees and thus gives up all of the equity premium gained through increased risk-taking.

Mall Threatens Stores With Fine For Not Opening On Thanksgiving

Busy Mall

Staying closed on Thanksgiving is no longer an option.

An upstate New York shopping mall is threatening to fine retailers about $200 an hour if they fail to open at 6 p.m. on Thanksgiving.

Walden Galleria, a suburban Buffalo retail complex with more than 200 stores, told store managers in a meeting last week that they must open their doors when the shopping center opens on the holiday, or pay penalties specified in leases, 10 managers told The Huffington Post on Tuesday. Waiting until midnight to open may cost stores $1,200 or more.

Struggling to compete with big-box stores and online retailers, shopping malls around the country plan to kick off Black Friday early by opening on Thanksgiving. The malls are trying to keep up with stores like Kmart, Target and Walmart, which have all pushed holiday shopping’s start date to turkey day.