Stephen Springham’s Post

#retailsales: on the positive side, +0.4% volume growth in March (+0.2% in Q1). On the negative side, value growth of +3.4% in March isn't much of an Easter spike and +3.8% in Q1 points to uncertain #consumerdemand. #kfretail #highstreet #retail #online #ecommerce #retailproperty #retailrealestate. https://lnkd.in/eSfzKNyP

Retail sales experienced a huge slump in December following the better-than-expected performance in November. This was the fastest sales have dropped in nearly three years. The Office for National Statistics reported that consumers were doing Christmas shopping earlier, especially for food. It seems people were remaining frugal as economic realities weighed on the Christmas cheer. Nevertheless, we are in a much stabler environment than we were a year ago. Going into 2024, retailers will be looking to improve efficiencies. It's crucial for them to analyse customer buying data over the past year and identify where they can make small improvements, which will then help to inform their overall discount/ loyalty strategies. Implementing a Governance Risk and Compliance (#GRC) framework can also help mitigate risks through collaboration between departments and stakeholders. https://lnkd.in/eETnNGxR #Retail #Business #Technology

Retail sales activity surrounding the 2024 Easter season reveals so much more than holiday shopping activity. 🛒🛍️ “Current #retail purchase patterns are being led by the consumer,” says Circana’s Marshal Cohen. Are these lasting changes, or merely short-terms reactions to cumulative financial impacts and looming concerns? That is the big question facing marketers as they wrestle with the decision to make their own changes to chase the consumer, or prepare to adjust and ride the waves of change as they come. https://lnkd.in/diXAQwmK #retailtrends #consumerinsights #genmerch #cpg

Exciting news from the National Retail Federation (NRF)! Retail sales are expected to grow between 2.5% and 3.5% in 2024, maintaining the momentum of previous years. Additionally, non-store and online sales are projected to grow between 7% and 9%, showcasing the evolving landscape of retail. #retailsales #nrfforecast #economicgrowth #humanizesuccess https://lnkd.in/gq9_BuQ3

Retail sales signaled a strong beginning to the year in January, nearly matching December’s busy holiday spending and rising significantly year over year, according to the National Retail Federation. Read the breakdown of last month's #retailsales here: https://lnkd.in/eZsGrACT

How did retail sales do at the start of 2024? Pretty well, we think! 🙌🏻 January saw the biggest monthly growth since April 2021, with a 3.4% jump in retail volumes. From food to non-food sectors, the market is buzzing. 📈 It's great to see the retail sector come back, and we hope to see more over the course of the year. What's on your shopping list? Let us know in the comments. #Retail #eCommerce #RetailSales #OnlineShopping

Lots of talk about US #retail sales today—we're still confident in our EMARKETER outlook for 2024. We see overall retail up 2.8%: that's an 8.2% increase in #ecommerce and 1.8% increase in physical retail sales. Link to the forecasts for clients in the comments. https://lnkd.in/ep6gbFA6

If you are wondering how #retailsales will shape up in the upcoming holiday season, here's our forecast: We expect retail sales to rise by 2.3% to 3.3% compared to the previous season.

Fascinating news from the #retail world: retail sales nearly matched December's holiday spending and have risen significantly year over year. The highest sales were seen in online sales, health and personal care stores, and clothing and accessory stores. I think the future of retail is brighter than we thought! ☀ #RetailSales #Retailers

Retail sales in September defied expectations, climbing 0.4% to $714.4 billion and up 1.7% year-over-year. It’s a sign that, even with some tightening in consumer wallets, shoppers are still willing to spend where they see value. Leading the pack were miscellaneous stores, up 4% from August and 7.9% YoY, while general merchandise stores saw a solid 0.5% monthly boost. Clothing stores also bounced back with a 1.5% jump, and online sales kept up the momentum, growing 0.4% for the month and 7.1% over last year. As we gear up for the holiday season, it's clear that shoppers are still in the game—let's see if this spending trend holds strong!