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Early data suggests apparel, groceries drove December retail sales growth

Inside Retail

Despite inflationary pressures and rising living costs, retail spending increased 1.7 per cent in December, according to the Mastercard SpendingPulse report, released by the Australian Retailers Association. Consumers spending on apparel rose by 6.7 Year-on-year sales were down for fuel and convenience at 4.1

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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. UBS said nearly 21,000 apparel retailers could close.

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No, retail-landlord relationships need not be combative: collaboration can work

Inside Retail

The future should be about collaboration, especially in an era where online is taking a growing share of total retail sales, she says. However, it is important that retailers strike the right balance between growth and risk.” Corr says she is noticing some retailers chasing volume and wanting to get mass-market exposure.

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NRF Says 2021 Holiday Sales Grew 14.1 Percent to Record $886.7 Billion

VMS

WASHINGTON, January 14, 2022 – Retail sales during 2021’s November-December holiday season grew 14.1 billion, easily beating the National Retail Federation’s forecast and setting a new record despite challenges from inflation, supply chain disruptions and the ongoing pandemic, NRF said today. percent over 2020 to $886.7

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Opinion: Welcome to Walmart, where boring is beautiful

Inside Retail

In China, year-on-year sales grew by 11.3 However, retail sales have somewhat defied the odds, rising again in December by 7.4 It’s doubtful that anything other than another boring year from the world’s biggest retailer is coming our way. per cent in the fourth quarter, to $6 billion, and by 6.6 That followed gains of 10.1