Customer Relationship Management Conference (CRMC)’s Post

🛍 What Retail Sales Trends Mean for CRE 📊 In this week's research video, John T Chang discusses new retail sales data and what it signals for CRE investors in 2024. U.S. Consumers Increase Real Retail Buying By 3% Annually • December inflation-adjusted core retail sales climbed above $520B for the first time on record • Positive movement in many of the retail subcategories is reversing yearlong downward spending trends Consumer Spending Drives Retail Space Demand • Heightened spending supports retailers, with restaurants, bars, and personal health retailers recording the sharpest gains to close ‘23 • Strong spending has helped keep retail vacancy near record lows entering the new year Online Retail Continues To Grow Its Market Share • Online spending also expanded over 6% annually, boosting industrial space demand entering 2024 • Since the pandemic, the non-store segment of retail has grown 61.7%, expanding E-commerce from 15% to 21% of core sales #vhgcregroup #marcusmillichap #retail #retailrealestate #retailtrends #cre #commercialrealestate #ecommerce #economy #retailsales #consumerspending #inflation

Starting the day by analyzing the latest retail trends and October sales volumes as reported by the Office for National Statistics (ONS) and various media platforms. Contrary to economists' expectations, we've observed a decrease in sales volumes. This shift reflects evolving consumer behaviors, with sales promotions launching earlier than ever and a surge in promotional emails. Additionally, the rise of direct-to-consumer shipping and recommerce platforms underscores a significant trend: consumers are increasingly seeking value, exploring a broader spectrum of retail outlets for their purchases. #BusinessInsights #RetailTrends #DataAnalysis #EconomicIndicators #ConsumerBehavior #ValueShopping #MarketDynamics #TheCustomerWhisperer

“In today’s economic climate, where inflation continues to hold steady, it’s more crucial than ever for retailers to leverage data to deeply understand customer preferences and timing. As noted, “With inflation continuing to hold steady, retailers should be using data to better understand what customers want, and when they want it. This approach can help to inform their broader strategy, including in their supply chains, through to in-store experiences.” At buybuddy, we’ve always believed in the power of data-driven decisions. Our platform is designed to empower retailers with actionable insights that not only reveal what customers are looking for but also when they’re most likely to make a purchase. By harnessing these insights, businesses can optimize their supply chains and tailor in-store experiences to meet customer demands efficiently, ensuring that products are available when and where they’re needed most. Retail Gazette https://lnkd.in/dcGKYs5M

𝐔𝐧𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐁𝐨𝐨𝐬𝐭: 𝐉𝐮𝐥𝐲 𝐑𝐞𝐭𝐚𝐢𝐥 𝐒𝐚𝐥𝐞𝐬 𝐂𝐥𝐢𝐦𝐛 𝟏%, 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐢𝐧𝐠 𝐑𝐨𝐛𝐮𝐬𝐭 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠 Consumer spending exceeded expectations in July, with the Commerce Department reporting a 1% increase in advanced retail sales for the month, adjusted for seasonal variations but not inflation. Read More: https://bityl.co/RZyA #retail #retailsales #consumer #consumernews #news #NewsUpdate #BusinessNews #thecioworld

Retail Sales Data (USD) 🛒 Retail Sales Report Coming Up! 🛒 The latest retail sales data will be released today. This report provides insights into consumer spending and economic health. Stay tuned for our analysis on how this could impact the markets. #RetailSales #ConsumerSpending #EconomicData #WalkerCapitalPartners

How can retailers best prepare ahead of the Black Friday and Christmas period? With the latest Office for National Statistics Retail sales Index showing an expected slow-down in sales, the sector is at a crossroads, with no obvious result in the short term. “We believe that instead of basing our predictions on the current number and the November figure, we should wait and gain a clearer picture of consumer appetite after January” comments Matt Dalton, our consumer sector lead. Read his full comments ➡ http://maza.rs/6041iEjV9 #Retail #Consumer #Inflation

**U.S. Retail Sales May Update: Slower Growth Than Expected** In a recent update on consumer behavior, U.S. retail sales saw a 0.1% increase in May, falling short of the 0.2% rise forecasted by Dow Jones. This modest growth highlights a cautious consumer spending pattern last month. Reflecting on my own shopping habits, I've noticed a tendency to prioritize essential purchases over discretionary spending, especially during uncertain economic phases. Does this resonate with you? This slower growth could signal various underlying economic currents 📉 — are consumers saving more due to looming economic concerns, or are they redirecting their spending to other sectors not captured in traditional retail? 🤔 What's your take on these latest figures? Have you noticed any shifts in your spending habits or in the priorities of consumers around you? For professionals and businesses in the retail sector, understanding these subtle shifts can be crucial for adjusting strategies and forecasting future trends. 🚀 If you're looking to delve deeper into planning your financial or retirement strategies amidst these economic indicators, feel free to message me or use the link in my bio to schedule a call. Let's navigate these changing tides together! #RetailSales #EconomicUpdate #ConsumerSpending #FinancialPlanning #BusinessStrategy

Last week, market pundits jumped to the conclusion that the U.S. consumer is beginning to crack following April’s retail sales data. We think one month’s worth of data does not show the whole picture – six-month annualized retail sales are running at 3.1%, and 12-months are at 2.8%: https://bit.ly/3URTzR2

Danny French, General Manager of Customer Analytics, discusses the Kepler Retail Market Index (KRMI) - week ending 04/02/24 Full report here: https://lnkd.in/gfiPYvSG Retail foot traffic continues to show an encouraging trend as the year progresses. Passer-By and Inside Traffic continue to show encouraging trends with both measures showing week-on-week improvements over the last 5 weeks.  This week Passer-by Traffic was only down 1.8% YoY and Inside Traffic was up 6.3% (the strongest result for Inside Traffic since Mother’s Day 2023).    Sales Conversion continues to disappoint, down 9.2% YoY after its record decline last week.    Despite the strong Inside store traffic, the weak sales conversion and lower average transaction values (down 1.5% YoY) drove a sales decline of 5.0%.  Health and Beauty retailers continue to perform strongly while clothing retailers performed poorly this week.    South Australia (sales up 5.3% YoY) and Queensland (sales down 0.3% YoY) were the strongest performing states.  Victorian stores had a particularly poor week with sales down 10.7%. Full report here: https://lnkd.in/gfiPYvSG

The latest data on showing U.S. retail sales fell a seasonally adjusted 0.8% in January from a month earlier, highlights the challenges from a distribution perspective. https://lnkd.in/eTDeAgY3 As the retail landscape continues to evolve, it's crucial for businesses to stay ahead of the curve. We understand the challenges and opportunities facing the retail and ecommerce industry's. With expertise in optimizing warehousing operations and navigating the complexities of ecommerce, we're dedicated to helping businesses thrive in today's competitive market. Key takeaways from the article include: 🛍️ Anticipated shifts in consumer spending habits 📦 The importance of efficient warehousing solutions 💻 The need for technology to identify opportunities in your operations Now more than ever, strategic planning and adaptability are essential for success. If you're looking to elevate your operations and maximize growth potential, we're here to help. Let's connect to discuss how we can tailor solutions to meet your specific needs. Together, we can transform challenges into opportunities and drive lasting success in the retail industry. #Retail #Ecommerce #WarehousingOptimization #distribution #BusinessGrowth #RetailTrends #supplychain