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Year-on-year sales were down for fuel and convenience at 4.1 per cent and homefurnishings at 2.4 ARA CEO Paul Zahra welcomed the figures and said achieving spending growth in December was “encouraging” for retailers. Further reading: Black Friday sales boosted retail spending in November.
Loft, a dubiously classified ‘homefurnishings’ concept is an idea that should have travelled but hasn’t. The name Loft inspires thoughts of furnishing an edgy urban apartment, but it turns out not to be very much like that. Loft is not a homefurnishings store in the conventional sense. Sales were up 0.4
In a research note UBS published this past Monday, it predicts nearly 80,000 retail stores – roughly 9 percent – will close permanently by 2026, according to Fortune. The forecast comes as the total percentage of e-commerce retailsales continue to jump. UBS said nearly 21,000 apparel retailers could close.
In China, year-on-year sales grew by 11.3 However, retailsales have somewhat defied the odds, rising again in December by 7.4 per cent in the fourth quarter, to $6 billion, and by 6.6 per cent on a comparable-store basis. These numbers include Sam’s Club, which, along with e-commerce, are powering growth in China.
Luckily, Vietnam has never been dependent on tourism to drive demand to the same extent as some of its neighbours, notably Thailand, so it is mainly domestic consumption that will underpin retailsales growth. So far, it’s doing the trick. per cent.
The era of combative relationships between retailers and landlords has passed according to experienced retail property specialist Elizabeth Corr. The future should be about collaboration, especially in an era where online is taking a growing share of total retailsales, she says.
WASHINGTON, January 14, 2022 – Retailsales during 2021’s November-December holiday season grew 14.1 billion, easily beating the National Retail Federation’s forecast and setting a new record despite challenges from inflation, supply chain disruptions and the ongoing pandemic, NRF said today. percent over 2020 to $886.7
2 Digital Commerce 360 estimates that global sales on Prime Day 2023 jumped 6.7% 5 Further, Buy Now, Pay Later (BNPL) options are expected to spur even more sales, especially in homefurnishings and electronics. Adobe Analytics indicates that BNPL options comprise $927 million in sales, up 20% from a year ago.
Retailsales are projected to rise as consumer confidence strengthens, especially in discretionary categories such as electronics and homefurnishings. Employment stability and improved wage growth will further bolster spending, enabling retailers to take advantage of the recovery.
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