PROJ-SUN_1170x120_6-24-20

retail sales

Deloitte looks at retail trends during pandemic

Deloitte looks at retail trends during pandemic

NEW YORK — Deloitte has issued a new report that looks at retail sales during the pandemic called Seven Trends Impacting the Retail and Consumer Products Industries Amid a Global Pandemic and Beyond. Key takeaways include: As of April 2020, eCommerce year-over-year growth was up 68%, surpassing 40% of total retail sales. Convenience continues to reign supreme as more

May retail sales improve dramatically over April but way down from last year

May retail sales improve dramatically over April but way down from last year

WASHINGTON — The reopening of stores shuttered by the COVID-19 outbreak boosted retail sales in May, which were up dramatically compared to April, the National Retail Federation reported Tuesday. But sales were still way down from the same period last year. “Today’s sales report is very encouraging news at a time when we need to

Retail sales plummet amid pandemic

Retail sales plummet amid pandemic

WASHINGTON — Total retail sales fell dramatically in March as the coronavirus pandemic forced restaurants, bars and many stores to temporarily close across the nation. But sales soared at grocery stores and were up at other retailers deemed “essential” as well, offsetting some of the decline. Sales at health and personal care stores, which include

Retail sales up in July

Retail sales up in July

WASHINGTON — Retail sales were up 0.9% in July seasonally adjusted from June and up 5.6% unadjusted year-over-year, the National Retail Federation said this week. The numbers exclude sales by automobile dealers, gasoline stations and restaurants. “July’s strong results are consistent with a confident consumer,” said NRF chief economist Jack Kleinhenz. “Households are in good

A look ahead at tomorrow’s perfect shopper interaction

A look ahead at tomorrow’s perfect shopper interaction

Much has already been written about how shoppers will be intersecting with retail in the health and wellness sector in the world of “2027” (i.e., more than 10 years from now). It is our expectation that concepts like “seamless,” “omnichannel,” “interactive,” “digital,” “connected” and “automated” will be incredibly important — so much so that the

Modest outlook for 2015 retail sales

Modest outlook for 2015 retail sales

Retailer chief financial officers are modestly optimistic about the retail industry’s sales growth prospects for 2015, according to accounting and professional services firm BDO USA LLP. The BDO Retail Compass Survey of CFOs, which polled 100 CFOs at leading retailers nationwide, forecasts a 3.9% gain in total retail sales and a 3.7%  increase in same-store