Tag: retail sales

October 15, 2021

United States September retail sales saw gains, according to data issued earlier today by the United States Department of Commerce and the National Retail Federation (NRF). Commerce reported that September retail sales, at $625.4 billion, were up 0.7% compared to […]

September 30, 2021

The fast-spreading Delta variant may have a lesser impact on the economy than previously estimated. Although there is no end to the COVID-19 pandemic in sight, American retail sales have increased in August. These results are most likely due to […]

September 17, 2021

U.S. retail sales had a surprise rebound in August, despite concerns over supply chain disruptions and the Delta variant. Retail sales rose 0.7% last month from the previous month, up 15.1% above August 2020, according to the U.S. Census Bureau. […]

September 9, 2021

Online retail sales dropped by a further 9.3 per cent in August marking the fourth consecutive months of decline. While the UK’s ecommerce sales decline slowed slightly from July’s fall of 9.6 per cent, August’s performance was still well below […]

August 30, 2021

The COVID-19 pandemic has already reshaped the future in retail, with global sales dropping 5.7 percent in 2021 as a result of the crisis. However, total retail sales in the United States increased to $5.58 trillion from $5.4 trillion in […]

August 26, 2021

Ecommerce may steal the headlines in today’s retail world, but more than 90 percent of retail sales in the United States still occur in physical stores. This fact has led to an interesting emerging trend — a growing number of […]

August 20, 2021

The 1.1 percent decline in July retail sales reported earlier this week by the U.S. Census Bureau is nothing to be overly concerned about. That’s the analysis of the National Retail Federation (NRF), which sees strong consumer demand going forward. […]

August 17, 2021

United States July retail sales were again mixed, according to data issued respectively today by the United States Department of Commerce and the National Retail Federation (NRF). Commerce reported that July retail sales—at $617.7 billion—were off 1.1% compared to June’s […]

July 8, 2021

Physical store sales could still account for nearly three quarters of retail sales by 2024, despite ecommerce’s staggering rise to prominence. According to a new report from Forrester, US ecommerce sales grew by 30 per cent in 2020, their fastest […]

June 17, 2021

Artificial intelligence (AI) is growing as an industry, and there is opportunity for retailers to benefit from the integration of AI technology. Businesses are always searching for new ways to improve their operations and increase their return on investment (ROI). […]

June 11, 2021

In their first quarter earnings reports, several retailers have noted that a confluence of factors — the federal government’s financial support to consumers, expanding immunization against COVID-19, the reopening of stores and pent-up demand after a locked-down year — all […]

May 28, 2021

The past year has been a huge challenge for the retail industry in the UK, with many retailers closing their doors due to ongoing lockdowns. Independent stores have been among the hardest hit by the coronavirus lockdown regulations, with The […]

May 13, 2021

On April 21st, The Wall Street Journal reported that Walmart, the largest retailer in the world by sales, had started to wind down operations of the large, automated pickup towers the company had previously installed at over 1,500 outlets across North America. […]

April 20, 2021

The Chinese ecommerce market is predicted to grow to $3 trillion by 2024, according to figure from GlobalData. Chinese online sales are also expected to grow 17.2 per cent and will surpass offline sales for the first time in 2021 […]

March 29, 2021

Easter retail sales are set to fall for a second year running as continued restrictions on social gatherings “impact shopper’s enthusiasm” for gifts and meals. According to new data and analytics company GlobalData, nearly 60 per cent of respondents said […]

March 17, 2021

Retail sales in February slid more than expected. The Commerce Department said they dropped 3% versus the 0.5% loss economists anticipated. The SPDR S&P Retail ETF (XRT) closed down 2% on Tuesday, reflecting the decline. Winter appeared to be a […]

March 16, 2021

United States retail sales, for the month of February saw sequential declines and annual gains, according to data issues today by the United States Department of Commerce’s U.S. Census Bureau and the National Retail Federation (NRF). Commerce reported that February […]

February 17, 2021

Consumers flocked to spend their stimulus checks in January, sending retail sales for the month up 5.3% in a blockbuster start to 2021, according to a government report Wednesday. Economists surveyed by Dow Jones were expecting a rise of just […]

January 29, 2021

Approximately 75% of consumers are shopping online at least once a month. The COVID-19 pandemic has furthermore increased the popularity of digital shopping as people were forced to adapt to a new reality.  “We saw a tremendous surge in digital […]

January 27, 2021

The past six months have been tough, even punishing, for many retailers, but there was good news this past holiday season. According to Bazaarvoice, 81% of consumers planned to purchase holiday gifts this year, with 61% stating they would spend […]