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The COVID-19 pandemic is having a significant impact on consumer behaviour. Anthony Okolie speaks with Anita Bruinsma, Consumer Discretionary Analyst, TD Asset Management, about how COVID-19 is affecting retailers as consumers are shopping more online. Original Read more ...
By Robert Hughes Retail sales and food-services spending plunged 8.7 percent in March following a 0.4 percent drop in February. Excluding the volatile auto and energy categories, core retail sales and food services were down 3.1 percent in March after a fall of 0.2 percent in February. Ove...
Originally published on April 14, 2020 By Robert Hughes Weekly retail same-store sales data from Johnson Redbook reflect the collapse in retail spending as a result of the COVID-19 outbreak. For the week ending April 11, the Redbook same-store sales index tumbled 8.3 percent from the p...
By Jharonne Martis The worldwide COVID-19 pandemic has caused many retailers to close their physical stores, causing a sudden increase of excess inventory. Nike (NKE) alone saw an inventory spike of 7% in the fiscal quarter ending February 2020. Retailers are turning to different measures ...
Cowen warns that the pain in retail isn't just a short-term fear factor that will evaporate easily. More news on: Walmart Inc., Target Corporation, Costco Wholesale Corporation, Consumer stocks news, Stocks on the move, News on ETFs Read more ...
As I often note when commenting about consumer related data, the consumer is important due to the fact they account for 70% of economic activity in the U.S. With the current economic cycle the longest on record, the consumer continues to show strength and remain in good financial shape. And ...
The stock market is becoming increasingly disconnected from underlying main street reality. Corporate profits have been declining since the third quarter of 2018. However, pre-tax corporate profits have been declining since Q3 2014 (this data is available on the St. Louis Fed FRED website). Re...
Real retail sales continue flat in January; production sector still in recession Retail sales increased nominally by +0.3% in January, while December was revised downward by -0.1%, for a net gain of +0.2%. Since consumer inflation increased by +0.4% during those two months, real retail sal...
By Robert Hughes Retail sales and food services spending rose 0.3 percent in January following a 0.2 percent gain in December. Over the past year, total retail sales and food services were up 4.4 percent through January. Excluding the volatile energy category, retail sales and food servi...
By Jharonne Martis The coronavirus crisis in China has added new concerns for U.S. retailers. First, it was the tariff war, now it's the infectious disease that has affected tens of thousands, prolonged store closures in China and affected retailers' revenue. The outbreak has put pressur...
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