The Retail Robustness Index is a Coresight Research effort to determine which retailers are best able to cope with the coronavirus crisis and Costco now ranking second might not surprise anyone.
Retail sales this year will come up short of 2019 totals, but e-commerce sales will take a bigger than expected leap, according to research from eMarketer.
Retail sales dropped almost twice as much during April as they did in March as the nation’s economy saw its first full month when most businesses were closed because of the coronavirus pandemic, the National Retail Federation said.
Owner expenditures for home renovations and repairs are expected to decline at least through the first quarter of next year due to fallout from the COVID-19 pandemic, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Retail sales in March took a hit from the COVID-19 outbreak but, among the various channels that make up the sector, results were mixed.
NRF chief economist Jack Kleinhenz has stated that the coronavirus pandemic “has triggered shocks” but that the underlying economy is sound, so stopping the spread of COVID-19 is critical.
The National Retail Federation, citing U.S. Census Bureau figures, reported that retail sales in January increased 0.2% seasonally adjusted over December and increased 2.7% unadjusted year-over-year.
A strong economy has helped the housewares industry make new investments, despite continued uncertainty surrounding tariffs and cost pressures from the top and bottom. Many housewares suppliers in 2020 will be introducing new products that differentiate themselves from the competition, developing more ways to connect directly with consumers and continuing to fine-tune business operations.
The world is a shaky place today, and, according to Deloitte’s 2020 Retail & Distribution Industry Outlook, uncertainty is the most certain thing about what’s ahead in 2020.
The National Retail Federation and other associations welcomed news that the U.S. and China have agreed on a “phase one” trade deal, according to recent media reports.
Retail sales in November increased only 0.1% seasonally adjusted over October and were up 2.1% unadjusted year-over-year, the National Retail Federation reported. The numbers exclude automobile dealers, gasoline stations and restaurants.
Manufacturing sector economic activity contracted in November, even as the overall economy grew for the 127th consecutive month, according to the latest Manufacturing ISM Report On Business.
Retail sales in October increased 0.2% seasonally adjusted over September and were up 4.2% unadjusted year-over-year, the National Retail Federation said. The numbers exclude automobile dealers, gasoline stations and restaurants.
Annual gains in homeowner spending for improvements and repairs are set to give out by the second half of next year, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Retail sales in September were up 4.5% year-over-year, but down 0.1% seasonally adjusted from August as the National Retail Federation cited ongoing consumer concerns over U.S.-China tensions for the slight decrease between August and September.
The International Council of Shopping Centers (ICSC) is forecasting a strong holiday season that will see most shoppers visiting their favorite brick-and-mortar retailers to meet their gift-giving needs.
The National Retail Federation said it expects holiday retail sales during November and December to increase between 3.8% and 4.2% over 2018 to a total of between $727.9 billion and $730.7 billion.
Deloitte, in its annual end-of-year retail forecast, said it expects holiday retail sales to increase between 4.5% and 5% in 2019 and exceed $1.1 trillion for the November to January timeframe.
Retail sales were up 0.4% in August seasonally adjusted from July and up 4.6% unadjusted year-over-year, reported the National Retail Federation. The numbers exclude automobile dealers, gasoline stations and restaurants.
Retail sales were up 0.9% in July seasonally adjusted from June and up 5.6% unadjusted year-over-year, according to the National Retail Federation. The numbers exclude automobile dealers, gasoline stations and restaurants.