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AlixPartners is out with a forecast for the 2020 holiday season (defined this year as October through the end of December).The research firm expects an increase in sales of 1.0% to 2.6% over the same three-month period last year, when sales totaled $1.132T. AlixPartners' survey showed that 49...
Two days ago we saw that gains in industrial production had decelerated sharply in August. This morning we saw the same thing with real retail sales, one of my favorite indicators. Nominal retail sales were up +0.6% in August. Meanwhile, July's reading was revised downward by -0.3%. Since in...
By Jill Mislinski Note : With the release of August Retail Sales and the Consumer Price Index, we've updated this commentary to include the latest Real Retail Sales. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably ...
My take on this is a bit different. I think businesses are anticipating a slowdown and cutting inventory ahead of it. Reported this morning with August Retail Sales is data on Inventory/Sales ratio from July. While a lagging indicator and not historically a good indicator of future economic ...
Century 21, the famous New York discount store chain, has become the latest retail casualty of the coronavirus pandemic, saying it would file for bankruptcy and close all 13 of its locations after failing to receive money from its insurers. More news on: Consumer Discretionary Select Sec...
If I could, I would, but I can’t, so I won’t. - Anonymous Long-standing subscribers of The Lead-Lag Report will acknowledge the significance I attach to the health of the U.S. consumer while gauging broad economic conditions as it accounts for two thirds of the economy. Ret...
Retail giants are setting strategies for a holiday season expected to be unlike any other. More news on: Target Corporation, Best Buy Co., Inc., Kohl's Corporation, News on ETFs, Read more ...
Unemployment may be in the double digits. But investors could be forgiven for missing that given a slew of retail earnings that came in far ahead of expectations, indicating the consumer spending remains strong. More news on: Target Corporation, Walmart Inc., The Home Depot, Inc., News on ...
Ecommerce retail sales jumped 44% in the second quarter 2020, compared to a year earlier, to $201 billion, not seasonally adjusted, according to the Commerce Department Tuesday. On a seasonally adjusted basis, ecommerce sales hit $211 billion. In dollar terms, the jump of $62 billion compare...
Q2 E-Commerce Retail Sales : +31.8 % Q/Q vs. +2.4% in Q2. More news on: Consumer Staples Select Sector SPDR ETF, Consumer Discretionary Select Sector SPDR ETF, Vanguard Consumer Staples ETF, News on the U.S. economy, News on ETFs Read more ...