Retail sales slump in November amid lockdown
4 years ago

Retail sales slump in November amid lockdown

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. Read our privacy policy Retail sales in Britain slumped in November for the first time in six months amid the closure of non-essential shops, the Office for National Statistics has said. During this period, clothing store sales plummeted by 19 per cent from the previous month, a large contributing factor to the overall decline in retail sales. Jonathan Athow, the deputy national statistician for economic statistics, said: “Household goods and food shops were the only areas to see their monthly sales increase, with feedback from stores suggesting consumers brought forward their Christmas spending, particularly on festive home products and DIY.” “Food sales, especially click and collect, were boosted as people were not able to eat out,” he added. Although not as large as the UK’s slump, the US experienced its biggest drop in retail sales for seven months in November, with a 1.1 per cent reduction from October.

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History of this topic

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We spent more on restaurants and clothing over the holidays, Mastercard says

Salon  

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Trending News
2 weeks, 1 day ago

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Trending News
2 weeks, 5 days ago

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Daily Mail  

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2 weeks, 5 days ago

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Daily Mail  

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3 weeks, 2 days ago

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LA Times  

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3 weeks, 3 days ago

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Associated Press  

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Retailers point to solid U.S. sales over holiday weekend
1 month ago

Retailers point to solid U.S. sales over holiday weekend

Raw Story  

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Retail 'golden quarter' under pressure as sales disappoint again in November
1 month ago

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Daily Mail  

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Price warning as 17-month run of falling shop inflation ends
1 month, 2 weeks ago

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The Independent  

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Retail sales up solidly in October as Americans showed continued willingness to spend
1 month, 3 weeks ago

Retail sales up solidly in October as Americans showed continued willingness to spend

Associated Press  

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Retail sales up solidly in October as Americans showed continued willingness to spend
1 month, 3 weeks ago

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LA Times  

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Retail sales rise in August despite hit to consumer confidence
3 months, 2 weeks ago

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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. Read our privacy policy British retailers saw sales rise …

U.S. retail sales ticked up last month in sign of ongoing consumer resilience
3 months, 3 weeks ago

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LA Times  

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Associated Press  

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Associated Press  

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5 months, 3 weeks ago

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Associated Press  

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Associated Press  

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ABC  

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Associated Press  

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Hopes of Easter bounce for shops are dashed as retail sales flatline with Brits still struggling to cope with high food costs
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Daily Mail  

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8 months, 3 weeks ago

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Associated Press  

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9 months, 3 weeks ago

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Associated Press  

NEW YORK — Americans picked up their spending a bit in February after pulling back the previous month. Retail sales rose 0.6% last month after falling a revised 1.1% in January, dragged down in part by inclement weather, according to the Commerce Department’s report on Thursday. February’s number was also lifted in part by higher gas prices as well as …

America’s economy slowed—it probably won’t stumble
10 months, 3 weeks ago

America’s economy slowed—it probably won’t stumble

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Retail sales fall 0.8% in January from December as shoppers pause after strong holiday season
10 months, 3 weeks ago

Retail sales fall 0.8% in January from December as shoppers pause after strong holiday season

Hindustan Times  

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10 months, 3 weeks ago

Retail sales fall 0.8% in January from December as shoppers pause after strong holiday season

Associated Press  

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Grocery price inflation slowdown stumbles as supermarkets offer fewer deals
11 months, 1 week ago

Grocery price inflation slowdown stumbles as supermarkets offer fewer deals

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. Grocery prices were 6.8% more expensive than a year …

Retail sales up strongly in December as Americans showed continued willingness to spend
11 months, 3 weeks ago

Retail sales up strongly in December as Americans showed continued willingness to spend

Associated Press  

NEW YORK — Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people remain confident enough to keep spending freely. Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve’s drive to slow inflation to its 2% …

Mulberry sees festive sales drop amid luxury spending slowdown
11 months, 3 weeks ago

Mulberry sees festive sales drop amid luxury spending slowdown

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. Read our privacy policy Handbag maker Mulberry has revealed …

Grocery inflation sees fastest monthly drop as households spend all-time high
1 year ago

Grocery inflation sees fastest monthly drop as households spend all-time high

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. Read our privacy policy Supermarket inflation has seen its …

Americans ramped up spending during the holidays despite financial anxiety, higher costs
1 year ago

Americans ramped up spending during the holidays despite financial anxiety, higher costs

LA Times  

Holiday sales rose in 2023 even as shoppers deal with still stubborn inflation in some areas as well as other financial worries, according to one measure. Holiday sales rose this year and spending remained resilient during the shopping season even with Americans wrestling with higher prices in some areas and other financial worries, according to one closely watched measure. This …

Still haven't bought holiday gifts? Retailers have a sale for you
1 year ago

Still haven't bought holiday gifts? Retailers have a sale for you

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. “I think this is a more challenging year than …

Black Friday boosts retailers with sales surging in November despite fears of a tough Christmas for many shops
1 year ago

Black Friday boosts retailers with sales surging in November despite fears of a tough Christmas for many shops

Daily Mail  

Black Friday boosted shops last month with retail sales surging far more than expected. The ONS also revised data for October upwards, reporting that there was zero growth in retail sales rather than the 0.3 per cent fall previously estimated. Volumes were up 1.3 per cent in November as Brits sought out bargains, significantly better than the 0.4 per cent …

Still haven’t bought holiday gifts? Retailers have a sale for you
1 year ago

Still haven’t bought holiday gifts? Retailers have a sale for you

LA Times  

Super Saturday is expected to be the second busiest day of the holiday period after Black Friday. That’s lower than last year’s 5.4% growth but more consistent with typical holiday spending, which rose 3.6% between 2010 and 2019 before the COVID-19 pandemic skewered numbers. Adobe Analytics expects U.S. online holiday sales to rise 4.8% from last year between November and …

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants
1 year ago

Retail sales rise 0.3% in November as Americans hit gas, not brakes on shopping, travel, restaurants

Associated Press  

NEW YORK — Americans picked up their spending from October to November unexpectedly as the unofficial holiday season kicked off, underscoring the power of shoppers despite elevated prices. “While consumers continue to face hurdles from higher borrowing costs, tighter credit conditions and elevated prices, a still-strong labor market, a positive trend in incomes and an easing in price pressures should …

Currys sales fall as consumer spending remains under pressure
1 year ago

Currys sales fall as consumer spending remains under pressure

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. But on the other hand, real wages have continued …

Retail sales rise 0.3% in November as Americans hit gas rather than brakes on spending
1 year ago

Retail sales rise 0.3% in November as Americans hit gas rather than brakes on spending

LA Times  

Despite elevated prices, consumers kicked off the holiday shopping season by keeping up their spending momentum, according to Commerce Department data released Thursday. Americans unexpectedly picked up their spending from October to November as the unofficial holiday season kicked off, underscoring the power of shoppers despite elevated prices. Yet the National Retail Federation, the nation’s largest retail trade group, still …

Black Friday deals this year did not get American customers to shop much
1 year, 1 month ago

Black Friday deals this year did not get American customers to shop much

Live Mint  

It’s not just you. Walmart chief financial officer John David Rainey told investors in an earnings call earlier this month that the company saw a “sharper falloff" in consumer spending toward the end of October. That caution echoed throughout recent earnings reports from retailers ranging from Lowe’s Inc. to Target Corp. Consumers continued to spend this weekend, but they weren’t …

Retailers expecting 'record' Black Friday sales, but Westpac warns of 'penny-pinching' Christmas
1 year, 1 month ago

Retailers expecting 'record' Black Friday sales, but Westpac warns of 'penny-pinching' Christmas

ABC  

Despite high levels of pessimism among Australian consumers, David Wall has noticed a lot of people are buying board games and puzzles at his toy stores ahead of the Black Friday sales. "While we expect overall Christmas trading will be subdued, we're expecting this by Friday to be a record simply because people are shopping on a budget, and they're …

Retail sales slip in October as consumers pull back after summer splurges
1 year, 1 month ago

Retail sales slip in October as consumers pull back after summer splurges

Associated Press  

NEW YORK — Americans cut back on retail spending in October, ending six straight months of gains, though the decline was partly driven by falling prices for both gasoline and cars. Retail sales fell 0.1% last month after jumping a strong 0.9% in September, according to a report released Wednesday by the Commerce Department. Most retail categories reported a drop …

Retail sales slip in October as consumers pull back after summer splurges
1 year, 1 month ago

Retail sales slip in October as consumers pull back after summer splurges

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. Read our privacy policy Americans cut back on retail …

After a summer of splurging, Americans start to pull back on spending
1 year, 1 month ago

After a summer of splurging, Americans start to pull back on spending

LA Times  

A customer browses the holiday lights at a store in Charlotte, N.C. Economists forecast a slowdown in consumer spending in the final three months of the year, as credit card debt and deliquencies rise, and average savings fall. Consumer spending jumped in the July-September quarter, but economists forecast it will slow in the final three months of the year, as …

Retail trade group: holiday sales expected to slow to 3% to 4%, compared with 5.4% growth a year ago
1 year, 2 months ago

Retail trade group: holiday sales expected to slow to 3% to 4%, compared with 5.4% growth a year ago

Associated Press  

NEW YORK — The National Retail Federation, the nation’s largest retail trade group, expects shoppers will spend more this year than last year, but their spending pace will slow given all the economic uncertainty. The group forecast Thursday that U.S. holiday sales will rise 3% to 4% for November through December, compared with a 5.4% growth of a year ago. …

‘Retail recession’ warning as sales plummet
1 year, 2 months ago

‘Retail recession’ warning as sales plummet

The Telegraph  

High streets are in the grip of a “retail recession”, economists have warned, after shop sales slumped unexpectedly rapidly in September. Retail sales volumes fell by 0.9pc in the month to September, according to the Office for National Statistics. Alex Kerr, assistant economist at Capital Economics, said: “This suggests that after the 18-month-long retail recession came to an end in …

Retail sales rise solid 0.7% in September, reflecting US shoppers’ resilience despite higher prices
1 year, 2 months ago

Retail sales rise solid 0.7% in September, reflecting US shoppers’ resilience despite higher prices

Associated Press  

NEW YORK — Americans showed their steadfast resilience and kept spending online, at restaurants and other outlets in September even as they grappled with higher prices, rising interest rates and a host of other headwinds piling up. Tuesday’s sales figures aren’t adjusted for inflation, but the cost of goods barely rose last month, so the increased spending isn’t a reflection …

Retail sales up a solid 0.7% in September as American consumers defy rising prices, interest rates
1 year, 2 months ago

Retail sales up a solid 0.7% in September as American consumers defy rising prices, interest rates

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Retail sales rise 0.6% in August largely due to a spike in gas prices
1 year, 3 months ago

Retail sales rise 0.6% in August largely due to a spike in gas prices

Associated Press  

NEW YORK — Americans stepped up retail spending modestly from July to August as the price of gasoline jumped, cutting into budgets as many families send their kids off to school. Retail sales rose 0.6% in August, compared with a revised 0.5% increase in July, according to a report issued by the Commerce Department on Thursday. The big rise in …

Retail sales rise 0.7% in July from June as inflation continues to ease
1 year, 4 months ago

Retail sales rise 0.7% in July from June as inflation continues to 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. Read our privacy policy Americans increased their spending last …

Consumers keep spending freely, powering a resilient economy
1 year, 4 months ago

Consumers keep spending freely, powering a resilient economy

LA Times  

Items are displayed in a boutique along Tennyson Street in Denver. Americans increased their purchases at retailers last month — for clothing, dining out, online goods and other items — in a sign that solid consumer spending is still powering a resilient U.S. economy. Analysts noted that spending on Amazon Prime Day, the online juggernaut’s big two-day sales event that …

Economy ‘loses momentum again’ as private sector growth slows despite retail boost
1 year, 6 months ago

Economy ‘loses momentum again’ as private sector growth slows despite retail boost

The Independent  

Britain’s economy “has lost momentum again” as growth in the private sector dropped to its slowest for three months, despite an unexpected boost in retail sales. Data from the Office for National Statistics showed that retail sales volumes rose 0.3 per cent in May, better than the 0.2 per cent drop that economists had forecast. But May’s overall 0.3 per …

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