Retail Insider’s Post

Canadian retail sales slumped in March with All Stores declining -1.7% YOY, with discretionary categories (All Stores Less Automotive, Food, and Pharmacies) down -2.5% YOY. Read more about retail sales in Canada: https://ow.ly/WsBR50S1512 #Retail #Sales #Economy

Canadian retail sales slumped in March with All Stores declining -1.7% YOY, with discretionary categories (All Stores Less Automotive, Food, and Pharmacies) down -2.5% YOY. March experienced two fewer shopping days (Good Friday and Easter Monday) in 2024 compared to 2023, but this is only a small factor as high levels of inflation continue, reported Retail Insider. "Retail in general is seeing fluctuating footfall in Canada. Shopping centres are down approximately -6.3%, whereas BIAs are up by 10.9% at the end of March 2024, as compared to 2023. While this does not immediately correlate to sales, this is a telling factor that can predict the prevalence of browsing and potential future purchases." "Grocery prices and the associated large grocers were top of mind in March, and remain top of mind at the time of writing. Grocery prices are up over 20% compared to this time in 2021 and consumers have responded in multiple ways, including moving to lower cost options and full boycotts. A partial result of these changes in consumer behaviour have resulted in continued increased revenue for Specialty Food Stores." https://lnkd.in/gF9XCNH8 #retail #canada

Low consumer confidence is creating a gap in the U.K. retail sector, with luxury and discretionary retailers struggling while grocers like Tesco continue to thrive. Check my latest report for the The Wall Street Journal

Good news at last 🚀🤘🏻 UK retail sales volumes beat expectations in August with a 1% rise, as warmer weather and end-of-season sales boosted food and clothing shops. Emphasising even small positives, and not talking of doom and gloom, its what the economy really needs to grow. #retail #sales #brands #fmcg #ukeconomy #retail #economicgrowth

📈 Exciting News for Canadian Retail! 🛍️ In October, retail sales in Canada experienced a positive surge, with ecommerce playing a significant role in driving this growth. 🚀 If you're at the helm of a burgeoning brand and seeking robust supply chain support, NLS has you covered. 🔗 Check out the insightful analysis by J.C. Williams Group for a closer look at the trends shaping 2024: https://lnkd.in/g9A9n6wt Ready to take your brand to new heights? Let's connect! Feel free to reach out for a chat about optimizing your supply chain for continued success. 🌐📊 #RetailGrowth #SupplyChainExcellence #EcommerceSuccess #BusinessGrowth

Canadian retail sales saw a welcome boost of 0.7% in April, climbing to $66.8 billion. 🔼 This growth was largely influenced by increased activity at gasoline stations and food and beverage retailers. Interestingly, despite this increase, preliminary estimates for May suggest a potential decline ahead. How do you think shifting consumer behaviors will impact these trends moving forward? Let's explore the ripple effects of these shifts on our economy. 📊 https://lnkd.in/gqHPfyXi

It was a really challenging retail sales growth backdrop for the 12 months to June 2024. Retail spending only rose 1.8% in Australia. Per capita volumes fell by 3.5%. However, it is worth considering the trends over the past five years. Frankly it has been a rollercoaster for retailers, which did include some highs alongside the more recent lows. While retail sales may only have risen 1.8% in FY24, the five-year average growth was 5.7%, which is above the longer-term trend of 5.0%.  The chart below shows the growth for FY24 compared with long-term trends as well as the five-year average. The conclusion is most retail categories are still above their long-term average even after a tough FY24. This implication is that any upswing in retail may be shallower than some hope for. https://lnkd.in/gXM5qXKV

Australian retail sales rose 2.1% in June 2024 year-on-year. This continues recent weak trends, even though some of our feedback has been stronger over the past two months. The data does reveal smaller retailers are doing it tougher. There was a significant pick-up in fashion and department stores, modest pick-up in electronics with a slowdown in dining out and liquor. For FY24, retail sales only rose 1.8%, well below the long-term average of 5.0%. Any acceleration in sales is likely to be gradual given low household savings and dis-inflation for retail goods. For more, click here https://lnkd.in/gZGrv47E

U.S. retail sales showed resilience in August, with a notable uptick driven by strong consumer spending despite inflationary pressures. According to a recent report, robust demand for autos and increased activity in restaurants contributed significantly to this growth, signaling a potential boost for the retail market moving into the fall. This strength in consumer confidence is a positive indicator for both investors and retailers, showcasing the enduring adaptability of the U.S. retail landscape in the face of ongoing economic challenges. https://lnkd.in/ebcVtqi7

US RETAIL SALES August 2024 • U.S. Retail Sales for August 2024 rose by 0.1%, surpassing expectations of a 0.2% decline, reaching $710.8 billion • Core Retail Sales, excluding auto and gas, rose 0.2%, just under the predicted 0.3% increase for August 2024 • July 2024 Retail Sales were revised upwards to a 1.1% increase, boosting confidence in consumer demand • Non-Store Retailers saw a 7.8% year-over-year growth in August, reflecting strong e-commerce performance #usretailsalesaugust2024