Foot traffic data from market research firm Placer.ai suggests that Walmart may be getting ready to reveal some good fourth quarter financial results.
After December strength made up for a shaky November, holiday retail sales for 2019 increased 4.1% versus the year-prior period to $730.2 billion, the National Retail Federation reported.
The NPD Group reported that holiday sales for key general merchandise categories it covers were up just 0.2% in 2019 versus 2018, according to weekly point-of-sales results, although critical housewares segments were strong.
The week before Thanksgiving brought slower sales growth for some product categories covered by The NPD Group, and steeper declines for others, resulting in a slight overall decrease in the third week of November versus the week in 2016, according to the market research firm.
According to the Conference Board Consumer Confidence Index, shoppers visited stores in December expecting good things even if they weren’t necessarily experiencing good things.