NRF: Retail Sales Edge Up In August
Retail sales continued to recover from the coronavirus pandemic in August, showing a gradual improvement from July and larger gains year-over-year, the National Retail Federation said.
economy
Deloitte: Holiday Sales Forecast Remains Uncertain
In its annual holiday forecast, Deloitte anticipates retail sales to increase between 1% and 1.5%, although the consulting firm admits that figuring out what might go on as 2020 ends is particularly uncertain.
NRF: Retail Sales Continue Comeback In July
Retail sales in July grew more slowly than the month before, the National Retail Federation has reported, but those transactions added to the turnaround that has happened since this spring’s declines.
Numerator: Target Popular With Coping Consumers
Numerator has developed a method of dividing consumers and evaluating their shopping activities by their reaction to the COVID-19 pandemic as it has affected the U.S., which, in one case, is better news for Target.
NRF: Retailers Cautious As Imports Decline
Imports at major U.S. retail container ports during 2020 are expected to see their lowest total in four years as the impact of the coronavirus pandemic on the U.S. economy continues, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Institute For Supply Management Sees Economic Expansion
Economic activity in the manufacturing sector grew in July as the overall economy enjoyed a third consecutive month of growth, according to the Manufacturing ISM Report On Business from the Institute for Supply Management.
LIRA: Pandemic Weighs On Home Remodeling Spending
Expenditures for improvements and repairs to owner-occupied homes are expected to slow by the middle of next year as the COVID-19 pandemic continues to unfold, 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.
NRF: Retail Sales Improve In June
Retail sales rose in June, the National Retail Federation reported citing United States Census Bureau numbers, a gain that represented both a monthly increase and the first year-over-year gain since the beginning of the year as more retailers closed by the coronavirus pandemic reopened.
Coresight: Some Retailers Poised To Survive Coronavirus
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.
eMarketer: Coronavirus Accelerates Digital Sales Shift
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.
NRF: Retail Sales Drop During April
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.
LIRA Projects Downturn In Remodeling Market
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.
March Retail Sales Trend Down But Some Channels Gained
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: Stopping COVID-19 Key To Retail Recovery
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.
NRF: January Retail Sales Solid
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.
Housewares Vendors Weigh Business Investments Moving Forward Into 2020
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.
Deloitte: Retailers Need To Expect Uncertainty
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.
Retail Groups Encouraged By U.S./China Trade Deal Progress
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.
November Retail Sales Lower Than Expected
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.
ISM: November Manufacturing Sector Activity Contracted
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.