Tag: retail sales

January 5, 2023

Retailers have been running around tirelessly trying to keep up with consumer demands and the drastic shifts in the economy. With the year coming to a close and the economic outlook for 2023 looking uncertain, retailers are growing concerned. Supply […]

December 27, 2022

U.S. retail sales excluding automotive increased 7.6% year-over-year for the period from Nov. 1 though Dec. 24, 2022, according to preliminary Mastercard SpendingPulse data. The index, which was not adjusted for inflation, measured in-store and online retail sales across all […]

December 16, 2022

November was a mixed month for retail, according to the latest numbers from the U.S. government. Consumers spent more than some observers expected, and retail sales among the sectors followed by Retail Dive rose 4.5%. Though inflation looks to be […]

November 21, 2022

Consumers kept spending in October, helping lift retail sales nearly 6% year over year in the segments covered by Retail Dive, according to a report from the U.S. Department of Commerce. Shoppers “set aside concerns about inflation and many got […]

October 19, 2022

As Americans prepare for the new holiday seasons, US retail sales are on the rise, pointing to resilient consumer demand. However, with important issues still plaguing the world, like the recent spike in the number of new COVID-19 cases in […]

September 15, 2022

Huge crowds, long lines and crazy stampedes are things of Black Fridays past. Nowadays, more and more shoppers are flocking to ecommerce sites for the best deals. In fact, global ecommerce sales are expected to top $5.5 trillion in 2022 […]

September 13, 2022

Deloitte’s holiday forecast shows consumers are likely to feel the impact of inflation late into this year. “As inflation weighs on consumer demand, we can expect consumers to continue to shift how they spend their holiday budget this upcoming season,” […]

August 29, 2022

Consumers are shifting their shopping online. According to eMarketer, e-commerce sales will make up 21% of worldwide total retail sales this year with US retail e-commerce sales expected to surpass $1 trillion dollars. As more consumers turn to their devices […]

August 19, 2022

Online retail sales boosted the retail sector’s performance in July despite the cost-of-living crisis hitting consumers’ wallets. Retail sales volumes rose by 0.3% in July 2022 following a fall of 0.2% in June 2022 and are now 2.3% above their […]

August 8, 2022

While the COVID-19 pandemic drove the rapid rise of e-commerce in 2020, some of the retail growth shifted from online to offline in 2021, Forrester noted. Brick-and-mortar retail sales rose 14% in 2021 compared to 2020, according to the report. […]

August 2, 2022

Inflation is breaking records — and retailers’ forecasts. Consumer behavior has shifted so swiftly since the beginning of the year that major retailers are faced with clearing excess inventory and recalculating financial expectations as prices continue to rise. Target is […]

July 19, 2022

Inflation continues to rise in the US, having already reached a rate of 8.6% in May—the highest level seen in the last forty years according to the Labor Department. The consumer price index (CPI) for the same month shows that […]

June 24, 2022

Retail sales held up pretty well in the first half of the year, even accounting for inflation’s impact on the numbers. But with consumers spending more on food, gas and experiences instead of discretionary goods, it’s not clear how retail […]

June 15, 2022

May United States retail sales a sequential decline and an annual gain, according to data issued today by the United States Department of Commerce and the National Retail Federation (NRF). Commerce reported that May retail sales—at $672.9 billion—were down 0.3% […]

May 23, 2022

According to the International Monetary Fund (IMF), Russia’s unjust war in Ukraine is having a negative impact on the global economy, contributing to a significant slowdown in global growth in 2022 and beyond. Moreover, problems fueled by the conflict are […]

April 19, 2022

It comes as no surprise that there are concerns regarding the global economy after the pandemic, its subsequent continual lockdowns, and Russia’s invasion of Ukraine. Rising inflation and policy uncertainty is also plaguing the market, in addition to pre-existing problems […]

April 14, 2022

Despite ongoing high inflation United States March retail sales saw gains, according to data issued today by the United States Department of Commerce and the National Retail Federation (NRF). Commerce reported that March retail sales—at $665.7 billion—rose 0.5% compared to […]

March 31, 2022

The global economy is struggling to adapt to yet another crisis, after Russia decided to invade their neighboring country, Ukraine. According to the United Nations, almost 3.5 million people have already left the country now invaded by Russian forces, and […]

March 16, 2022

United States retail sales, for the month of February, were solid but were not at the same levels to begin 2022, according to data respectively issued today by the United States Department of Commerce and the National Retail Federation (NRF). […]

February 28, 2022

After more than two years of an unprecedented healthcare crisis, the global economy is still showing signs of weakness. This comes as no surprise, considering the fact that the COVID-19 pandemic has disrupted the daily lives of people everywhere, changing […]