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Early data suggests apparel, groceries drove December retail sales growth

Inside Retail

Year-on-year sales were down for fuel and convenience at 4.1 per cent and home furnishings 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.

Apparel 246
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Analysis: A Japanese retailer with Lofty overseas prospects

Inside Retail

Loft, a dubiously classified ‘home furnishings’ 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 home furnishings store in the conventional sense. Sales were up 0.4

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UBS Sees 80,000 Stores Closing By 2026

VMS

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 retail sales continue to jump. UBS said nearly 21,000 apparel retailers could close.

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Opinion: Welcome to Walmart, where boring is beautiful

Inside Retail

In China, year-on-year sales grew by 11.3 However, retail sales 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.

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Vietnam’s Vincom shifts focus from expansion to upgrades

Inside Retail

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 retail sales growth. So far, it’s doing the trick. per cent.

Expansion 130
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No, retail-landlord relationships need not be combative: collaboration can work

Inside Retail

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 retail sales, she says.

Strategy 130
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NRF Says 2021 Holiday Sales Grew 14.1 Percent to Record $886.7 Billion

VMS

WASHINGTON, January 14, 2022 – Retail sales 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