Outbreak brings challenges, offers future opportunities to retail sector: Survey
4 years, 10 months ago

Outbreak brings challenges, offers future opportunities to retail sector: Survey

China Daily  

A consumer buys vegetables at a grocery store in Zhengzhou, capital of Henan province, on Feb 6. The outbreak of the novel coronavirus epidemic though weighing down China's retail industry, especially brick-and-mortar retailers, also brings new opportunities to the sector, a report by the global measurement and data analytics company Nielsen showed on Thursday. Nielsen compiled research covering key retail companies and over 10,000 traditional grocery stores, and offered in-depth analysis of retailers' challenges and responses to the outbreak, as well as the changes and opportunities the sector will face once the epidemic is over. Nielsen research showed that in light of the COVID-19 outbreak, three major challenges facing retailers are insufficient inventory of some categories, difficulty in logistics and distribution, and not enough staff to deliver orders. In terms of the industry's opportunities and business strategies in the upcoming year, 67 percent of the retailers said they would make efforts to expand online channels and accelerate home-based business/retail warehouse layout.

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History of this topic

Saving costs by innovation way to survive competition in retail sector
1 year, 1 month ago

Saving costs by innovation way to survive competition in retail sector

China Daily  

A consumer walks past an Pinduoduo, a Chinese e-commerce platform for secondhand goods, saw its sales revenue in the first three quarters of this year increase 94 percent year-on-year, hitting 68.84 billion yuan. The remarkable rise of Pinduoduo, as well as the increasing popularity of e-commerce through livestreaming platforms and social networking websites, constitute a pressing challenge to Alibaba and …

China's manufacturing activity contracts ‘sharply’ in December despite lifted Covid restrictions
2 years ago

China's manufacturing activity contracts ‘sharply’ in December despite lifted Covid restrictions

Hindustan Times  

China's manufacturing activity contracted sharply in December for the third month in a row, according to official figures released Saturday, despite Beijing's loosening of Covid restrictions at the beginning of the month. The Purchasing Managers' Index -- a key gauge of manufacturing in the world's second-biggest economy -- came in at 47 points, down from November's 48 and well below …

China’s retail, factory output slump as COVID curbs hit growth
2 years ago

China’s retail, factory output slump as COVID curbs hit growth

Al Jazeera  

China’s economy lost more steam in November as factory output slowed and retail sales extended declines, both missing forecasts and clocking their worst readings in six months, hobbled by surging COVID-19 cases and widespread virus curbs. Industrial output rose 2.2 percent in November from a year earlier, missing expectations for a 3.6 percent gain in a Reuters poll and slowing …

Small businesses brace for cautious holiday shoppers
2 years, 2 months ago

Small businesses brace for cautious holiday shoppers

Associated Press  

NEW YORK — Small businesses are stocking the shelves early this holiday season and waiting to see how many gifts inflation-weary shoppers feel like giving. AlixPartners, the global consulting firm, forecasts that holiday sales will rise between 4% to 7%, far below last year’s growth of 16%. To prepare, owners say they’re ordering inventory earlier to avoid the supply-chain snags …

US retail sales rose 0.3% in February as high prices take a bite
2 years, 9 months ago

US retail sales rose 0.3% in February as high prices take a bite

Al Jazeera  

Many retailers are bracing for how the war in Ukraine will worsen supply shortages, with reports already surfacing of limited supplies of wheat, metals, and electronic chips. Retail sales increased 0.3 percent after registering a revised 4.9 percent jump from December to January, driven by wage gains, solid hiring and more money in banking accounts, according to the Department of …

January retail sales surge 3.8% as consumers defy inflation
2 years, 10 months ago

January retail sales surge 3.8% as consumers defy inflation

Associated Press  

NEW YORK — Fueled by pay gains, solid hiring and enhanced savings, Americans sharply ramped up their spending at retail stores last month in a sign that many consumers remain unfazed by rising inflation. Retail sales jumped 3.8% from December to January, the Commerce Department said Wednesday, a much bigger increase than economists had expected. “Job growth is strong, wages …

Retail’s battle with COVID actually saved its stores
3 years ago

Retail’s battle with COVID actually saved its stores

LA Times  

When COVID-19 erupted 21 months ago and upended retailers around the world, it looked like just another chapter in the sad story of an industry’s decline. Retail vs. E-Commerce Since Amazon ignited the online shopping era more than two decades ago, the big question has been how do legacy retailers survive? In China, one of the world’s most sophisticated retail …

Retail sales climb despite rising prices, supply issues
3 years, 2 months ago

Retail sales climb despite rising prices, supply issues

Associated Press  

NEW YORK — Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods. “They are coming to enjoy the experience with their families that they hadn’t been able to do in a long time,” said Tiffany Markofsky, chief …

September retail sales near pre-pandemic levels
3 years, 2 months ago

September retail sales near pre-pandemic levels

Deccan Chronicle  

Chennai: With festive cheer spreading, retail sales in September grew faster compared to the same month last year and was closer to the pre-pandemic level in September 2019. According to the Retailers Association of India, retail sales in September 2021 were at 96 per cent of the pre-pandemic levels of September 2019. When compared to September 2019, categories like consumer …

Retailers warn against last minute Christmas shopping amid supply chain chaos
3 years, 4 months ago

Retailers warn against last minute Christmas shopping amid supply chain chaos

ABC  

Balloons, books, bikes, hair products, toys, game consoles: Name almost any item imported to Australia and you can bet a retailer is struggling to get it, and it's costing a fortune to get it here. "The majority of our imported goods come from these regions, particularly consumer electronics and textiles," says Marcus Carmont, executive of TMX Global. Larger retailers better …

Explained: How businesses plan to expand as Covid situation improves
3 years, 5 months ago

Explained: How businesses plan to expand as Covid situation improves

India Today  

Several businesses in the country are planning to expand as the Covid-19 situation improves after the deadly second wave. A retail sales boost is crucial for India’s economic recovery, which was unceremoniously halted by the second Covid-19 wave. FABINDIA’S EXPANSION DRIVE Fabindia, one of the country's most well-known retail chains dealing in a variety of ethnic and handmade products, plans …

Shopping surges in May after pandemic restrictions ease
3 years, 7 months ago

Shopping surges in May after pandemic restrictions ease

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The latest BRC-KPMG retail sales monitor revealed that total …

Retail footfall one-third lower than pre-Covid level despite shop re-openings
3 years, 8 months ago

Retail footfall one-third lower than pre-Covid level despite shop re-openings

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Retail footfall in April was 240.8 per cent higher …

Store expansions, online orders help in keeping momentum on even keel
3 years, 10 months ago

Store expansions, online orders help in keeping momentum on even keel

China Daily  

A Starbucks Now Store in Beijing's financial area. CHINA DAILY Leading coffee chains are banking on the strong growth seen in the recent quarters to chart store expansions and penetration into more lower-tier cities, despite the huge surge in online orders due to the COVID-19 restrictions. Leading coffeehouse chain Starbucks Corp said its comparable store sales rose by 5 percent …

Retail sales fell 1.1% in November, biggest drop in 7 months
4 years ago

Retail sales fell 1.1% in November, biggest drop in 7 months

Associated Press  

NEW YORK — Americans held back on spending during the start of the holiday shopping season, a troubling sign for retailers and the state of the U.S. economy. U.S. retail sales fell a seasonally adjusted 1.1% in November, according to the U.S. Commerce Department. The Commerce Department on Wednesday also revised October’s report, saying that retail sales fell 0.1% that …

Coronavirus: Is shopping in stores safe during the pandemic?
4 years, 1 month ago

Coronavirus: Is shopping in stores safe during the pandemic?

India Today  

There are ways to reduce risk, but health experts advise avoiding it when possible. The U.S. Centers for Disease Control and Prevention says holiday shopping in crowded stores is a “higher risk” activity and that people should limit any in-person shopping, including at supermarkets. Instead, the agency recommends shopping online, visiting outdoor markets or using curbside pickup, where workers bring …

Another booming quarter for Walmart, but sales are slowing
4 years, 1 month ago

Another booming quarter for Walmart, but sales are slowing

Associated Press  

NEW YORK — Walmart turned out another stellar quarter as the world’s largest retailer powers through a pandemic that has felled other national chains. Sales at Walmart stores opened at least a year— a key barometer for a retailer’s health — rose 6.4%. “We think these new customer behaviors will largely persist, and we’re well positioned to serve customers.” McMillon …

As entire city centres risk turning into ghost towns, the government has to rethink how to protect jobs
4 years, 4 months ago

As entire city centres risk turning into ghost towns, the government has to rethink how to protect jobs

The Independent  

The wave of job losses is hitting the shore. The reason, of course, is the shift to online, which now accounts for more than 30 per cent of all retail sales, excluding fuel, up from 20 per cent pre-Covid. If the shift to online retailing is matched by the shift to working from home, then it will not just be …

American shopping is back to pre-pandemic levels. That’s a big deal
4 years, 4 months ago

American shopping is back to pre-pandemic levels. That’s a big deal

CNN  

New York CNN Business — Millions of Americans remain unemployed during the coronavirus pandemic and many are struggling to pay their bills. The milestone came in part because the Commerce Department revised June’s retail sales figures higher. “The retail sales figures are encouraging because they suggest the recovery has continued to grind on even in the face of the resurgence …

Covid-19 Pandemic Impact to be Severe, Prolonged for Aviation, Hospitality, Retail Sectors: ICRA
4 years, 4 months ago

Covid-19 Pandemic Impact to be Severe, Prolonged for Aviation, Hospitality, Retail Sectors: ICRA

News 18  

The coronavirus pandemic will significantly impact performance of companies and it is likely to be severe and prolonged for select sectors, especially aviation, hospitality and retail, according to ratings agency ICRA. As per ICRA analysis, the impact is likely to be severe and prolonged for select sectors, especially aviation, hospitality, retail and allied businesses," it said. The ratings agency, however, …

US retail sales jump 7.5% in June, but economy still ails
4 years, 5 months ago

US retail sales jump 7.5% in June, but economy still ails

Associated Press  

BALTIMORE — U.S. retail sales climbed a solid 7.5% in June, a sign that the economy was healing right before infections from the coronavirus spiked again and dragged down hopes for a steady recovery. The Census Bureau reported Thursday that retail sales are 1.1% higher than their levels from a year ago, after a brutal plunge in March and April …

Covid-19 impact: Apparel manufacturers report 84% drop in May sales, says CMAI
4 years, 7 months ago

Covid-19 impact: Apparel manufacturers report 84% drop in May sales, says CMAI

Live Mint  

New Delhi: India’s apparel manufacturers are not doing well for a plethora of virus-related reasons. A slump in domestic demand for apparel, closure of malls, the shift to making PPE products, and a delay in exports orders has led to a 84% year-on-year dip in sales in the month of May, the Clothing Manufacturers Association of India, which represents over …

India gears up for the new normal as consumer behaviour shifts
4 years, 7 months ago

India gears up for the new normal as consumer behaviour shifts

Live Mint  

On 24 March, the government effectuated one of the world’s strictest lockdowns to combat the spread of covid-19, which changed consumer behaviour and purchasing patterns. According to a World Economic Forum and Bain & Co. report, titled Future of Consumption in Fast-Growth Consumer Markets – India, released in January 2019, about 66% of India’s overall consumption is accounted for by …

The future of Indian retail post-Covid
4 years, 7 months ago

The future of Indian retail post-Covid

The Hindu  

The lockdown is easing in several parts of the country and non-essential shops are getting back in business. An additional ₹27,000 crore has been invested in ongoing projects,” says Amitabh Taneja, Chairman, Shopping Centres Association of India, who fears defaults in excess of ₹70,000 crore and mounting job losses, if relief isn’t provided to the sector. “Local shops have gained …

Automobiles, home appliances record surge in sales
4 years, 8 months ago

Automobiles, home appliances record surge in sales

China Daily  

Employees work on assembly line during a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, Nov 8, 2019. China saw the sales of durable consumer goods including automobiles and home appliances notably rebound during the five-day May Day holiday, said a senior commerce official on Friday. Automobile sales of key companies monitored by the Ministry of …

Covid-19 outbreak brings local shops to the forefront of e-tail sector
4 years, 8 months ago

Covid-19 outbreak brings local shops to the forefront of e-tail sector

Hindustan Times  

The Covid-19 crisis has spurred a new wave of online and phone commerce, powered by millions of kirana stores, or local mom-and-pop shops, small merchants, cycle-riding delivery men, distributors on scooters, even farmers. As a punishing lockdown broke the back of big online retail in Indian cities, the country’s 8 million kirana stores have kept supplies going, thanks to their …

Coronavirus restrictions to ease but not all retailers will be throwing open the doors
4 years, 8 months ago

Coronavirus restrictions to ease but not all retailers will be throwing open the doors

ABC  

While the Queensland Government may have given non-essential shopping the green light, a number of retailers are approaching opening this weekend with caution. "We're really excited to get our stores back up and running, it'd be so lovely to see our customers coming into the store again," she said. "I think the announcement is positive, but I wouldn't expect to …

Evidence of coronavirus' effect on US economy grows more ominous, will shrink 7% in 2020, predict economists
4 years, 8 months ago

Evidence of coronavirus' effect on US economy grows more ominous, will shrink 7% in 2020, predict economists

Firstpost  

Retail sales—a primary driver of the US economy—are almost surely suffering further during April because business shutdowns will have been in effect for the entire month, compared with just half of March Washington: Evidence of the coronavirus’ devastating impact on the US economy has been steadily emerging, and the signs have grown ominous. Retail sales—a primary driver of the US …

How supermarkets rose to coronavirus challenge
4 years, 9 months ago

How supermarkets rose to coronavirus challenge

The Telegraph  

A couple of weeks ago, when finding a lone packet of spaghetti felt like a small victory, Tesco’s chief executive asked head office staff to go into stores and help stack empty shelves if they could. Having enough staff to deal with the deluge of panicked shoppers descending into stores to fill their cupboards, as the country went into lockdown, …

Coronavirus sees retail sales rise in February as Australians stockpiled groceries and pharmaceuticals but clothing sales fell
4 years, 9 months ago

Coronavirus sees retail sales rise in February as Australians stockpiled groceries and pharmaceuticals but clothing sales fell

ABC  

Retail sales rose in February but the devil was in the detail, with the impact of the coronavirus pandemic already evident, and economists warning that a short-term boost from panic buying and stockpiling will not last. Key points: The ABS says retail turnover rose 0.5 per cent in February Supermarket and grocery store sales rose 1.1 per cent and department …

Retailers were struggling. Then came the coronavirus
4 years, 9 months ago

Retailers were struggling. Then came the coronavirus

CNN  

New York CNN Business — Thousands of American stores and malls were facing intense pressure. “Many retailers are already stressed and hanging on by a thread.” Although stores are closed temporarily and retailers have pledged to pay their workers in the coming weeks, companies may wind up shutting storefronts for good and laying off employees if the pandemic extends for …

Sales are up at supermarkets. But that brings new problems for the grocery industry
4 years, 9 months ago

Sales are up at supermarkets. But that brings new problems for the grocery industry

LA Times  

There can be such a thing as too much business, supermarkets across the country are realizing as the surge in grocery demand sparked by the widening coronavirus crisis is forcing them to modify their policies. The major chains usually get shipments overnight, or perhaps twice a day, to restock essentials such as paper towels, toilet paper and water, but “manufacturers …

Retail sales hurt by bushfire crisis, but no sign of coronavirus yet
4 years, 10 months ago

Retail sales hurt by bushfire crisis, but no sign of coronavirus yet

ABC  

Australia's summer bushfire crisis has led to a rough start to the year for retailers but the coronavirus has shown "no apparent impact" so far, according to the latest official figures. Key points: Bushfires were the main reason for retail sales dropping 0.3pc in January It comes after a weak December, with the ABS revising the result to an even …

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