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U.S. Retail Sales Down Slightly in May

VMS

retail sales dipped 1.3 percent last month as the effect of the stimulus checks on consumer spending fades, reports CNN. The automotive sector was to blame for much of those losses as car sales dropped 3.7 Without auto sales, May numbers would be down 0.7 percent according to the U.S. Census Bureau. The post U.S.

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U.K. Retail Sales Down Slightly in July

VMS

retail sales dipped in July after hitting their highest level in nearly three years in June, reports Reuters. The Confederation of British Industry defied economists’ expectations that sales would drop more drastically this month. Retail Sales Down Slightly in July appeared first on Visual Merchandising and Store Design.

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Early Shoppers Fuel 8.5% Jump in Holiday Retail Sales

VMS

The study – which excluded automotive sales – measured in-store and online retail sales across all forms of payment. Consumers splurged throughout the season, with apparel and department stores experiencing strong growth as shoppers sought to put their best dressed foot forward.”. percent in 2020 and 14.6

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Is China retail on the brink or on the mend?

Inside Retail

Sales up and inflation non-existent On the surface at least, things are by no means dire. China’s National Bureau of Statistics (NBS) states that retail sales were up 6.8 In September, sales were up 5.5 Keep in mind also that demographics are swinging slowly against consumer spending on merchandise.

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No one will escape: Industry leaders on navigating the retail recession

Inside Retail

With high inflation and climbing interest rates, consumer sentiment is set to plunge further, with retail spending set to decline in the June quarter. But what are the implications of a retail recession, and just how damaging will it be for retailers and consumers? The consumer is certainly hurting,” he said.

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UBS Sees 80,000 Stores Closing By 2026

VMS

The forecast comes as the total percentage of e-commerce retail sales continue to jump. Currently at 18 percent, UBS predicts e-commerce sales will climb to 27 percent. The note also predicted apparel retailers will be the largest group impacted by growing e-commerce.

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Retail Returns Increased to $761 Billion in 2021

VMS

Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released today by the National Retail Federation and Appriss Retail. retail sales, which soared to $4.583 trillion in 2021. “As retail sales last year. billion (10.6