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Retail Sales Fell in January

Most retail categories, including online, saw sinking sales last month.




Retail Sales Fell in January

Overall retail sales in January fell .4 percent, excluding sales of autos and gas sales; the sharpest decline since March 2023, according to the monthly report released Thursday by the U.S. Department of Commerce.

The monthly sales total for January was $700.3 billion. “It’s a weak report, but not a fundamental shift in consumer spending,” said Robert Frick, Corporate Economist for Navy Federal Credit Union, told CNBC. “December was high due to holiday shopping, and January saw drops in those spending categories, plus frigid weather plus an unfavorable seasonal adjustment. Consumer spending likely won’t be great this year, but with real wage gains and increasing employment it should be plenty to help keep the economy expanding.”

Online, electronics and appliance outlets, apparel, health and personal care and sporting goods all saw decreased sales in January. Food services, however, increased .7 percent.



This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

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