New retail data reports foot traffic in prime trade areas is expected to fully recover to pre-pandemic levels by the third quarter and surpass those levels by 2025. Chain Store Age has more insights: https://lnkd.in/gq9rvUAD
The Inland Real Estate Group of Companies, Inc.’s Post
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In an unexpected turn of events, #retail sales have skyrocketed by 3.4% in January, doubling analyst forecasts and signaling a robust #rebound in consumer spending. This remarkable surge, the largest since April 2021, paints a promising picture of economic recovery. #consumerbehavior #retailmerchandising #humanizesuccess https://lnkd.in/gwxN-7SF
Surprise surge in retail sales suggests economy is growing - despite UK entering recession
uk.news.yahoo.com
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Retail Sector Boosted by Broad-Based Retail Sales Gains Consumers set a new benchmark for quarterly retail sales volume in the first three months of 2024 — roughly $1.55 trillion. Spending during the January-March span was up 3 percent when compared to the same period last year, despite slackening consumer confidence. This recent rise in spending occurred alongside consumers spreading their purchases across more types of retail, with seven of 10 major categories notching gains. While still prioritizing necessities, households reserved more of their incomes for eating out, general merchandise and items available online in the first quarter. This trend was most apparent in March, when spending across each of these categories reached a record tally, supporting a 1.1 percent year-over-year rise in inflation-adjusted core retail sales. Should these conditions continue, it should reinforce positive leasing activity. Marcus & Millichap’s Research Brief: Retail Sales April 2024 https://lnkd.in/gA_HDEtr Key Highlights Include: - Grocery sector in a position of strength - Tax season may provide a cushion - Online purchases account for record share of core retail sales - Fed may delay rate cuts #NNN #retail #realestate #investment #investing #commercialrealestate #property #passiveincome #cre #investor #realestateinvesting #commercialproperty #netlease #retailrealestate
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Our latest retail foot traffic analysis shows consumers continued to support the economy by spending more despite rising debt costs, as retail sales grew by 0.7% and foot traffic visits grew by 3.4% in March. See all the key March #retail findings in the full report from Nicole Larson and I, here: https://bit.ly/4d5TX6F. #ColliersRetail
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May Retail Sales Fall Short, Suggest Weakening Consumer https://ift.tt/XiKoCNF US retail sales grew 0.1% in May, below expected 0.3% growth, suggesting consumer spending weakness. Core retail sales declined 0.1%, building materials fell 3% year-over-year, online shopping increased 6.8%. read more via Benzinga - Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals https://ift.tt/kEDe6jq June 18, 2024 at 09:49AM
May Retail Sales Fall Short, Suggest Weakening Consumer https://ift.tt/XiKoCNF US retail sales grew 0.1% in May, below expected 0.3% growth, suggesting consumer spending weakness. Core retail sales declined 0.1%, building materials fell 3% year-over-year, online shopping increased 6.8%. read more via Benzinga - Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock R...
benzinga.com
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Business Development Advisor I Sales I GTM Profi I Greenfield Expert I Emarsys Marketing Automation Fan I BWN Member I 💙💛 Volunteer
📍 With the lowest retail soft goods gross margins in the previous 15 years, 2023 was a bad year for many retailers in terms of profits. 📍 High-performing shops gained new market share as a result of this economic strain, while other merchants were compelled to make cost reductions, liquidate their locations, and in some cases file for bankruptcy. 📍 In 2024, four US retail trends will revolutionize the sector. https://lnkd.in/ewyQre2D?
4 US retail trends transforming the industry in 2024
https://www.the-future-of-commerce.com
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With the exception of a few merchandise categories, January 2024 retail sales came in below expectations. Only grocery, restaurants & bars and furniture stores exceeded projections. Although cold weather and the robust holiday shopping season contributed to this outcome, it also reflects the economic challenges facing consumers amidst increasing household debt, high interest rates and inflation. Placer.ai's Q4 Quarterly Index and Year in Review continues to point to the success of value-oriented brands as an indication of these financial pressures. Take the time to review SageTrust Properties' Q4 2023 White Paper (https://lnkd.in/dRzcKYjz) for more insights as well as perspective on tenant trends and supply-side constraints that will support retail shopping centers in the year ahead.
U.S. Shoppers Cut Back in January
wsj.com
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The CNBC/National Retail Federation Retail Monitor uses actual, real-time debit and credit card purchase data to provide more accurate and timely insights into retail sales activity across all US sectors, categories, and markets. #LP #lossprevention #assetprotection #retailnews #retailsales
New CNBC/NRF Retail Monitor Offers More Accurate Look at Retail Sales
https://losspreventionmedia.com
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We're excited to announce the release of the Consumer & Retail Industry Report for Q4 2023! Read about how Q4 spending and retail sales defied expectations. Don't miss out on these valuable market trends. Get the full report below. #MandA #ConsumerRetail #IndustryTrends #eCommerce #MarketTrends #IndustryInsights #BusinessGrowth #Strategy2024 #quarterlyreport #mergersandacquisitions #investmentbanking #Q42023
Consumer & Retail Q4 2023
pcecompanies.com
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The #HolidayRetail numbers are in – how did U.S. #retailers close out 2023? 🛍📈 ⬆️ Overall December #retail sales rose 0.6% from November, stronger than expected! ⬆️ #eCommerce sales played a key role in the increase, rising 1.5% as shoppers continued to move from brick-and-mortar to #OnlineRetail. ⬆️ YoY, overall December retail sales increased 5.6% – not adjusted for inflation, reflecting consumer resilience. As Reuters shares, these stats indicate economic momentum as we begin 2024: https://lnkd.in/gGvzPimy #RetailInnovation #OnlineSearch #DigitalCommerce #DigitalCommerceSearch #B2CeCommerce #B2BeCommerce
Strong US retail sales underscore economy's momentum heading into 2024
reuters.com
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Retail Sales Report: Consumers Are Tightening Their Belts. May's US retail sales report dropped this morning and it offers a telling snapshot of the current economic landscape. https://lnkd.in/gMd2KttC The value of retail purchases increased by a modest 0.1%, reflecting a cautious consumer mindset. When we strip out the volatility of gasoline prices, the picture improves slightly with a 0.3% rise, but the overall story remains one of tempered spending. This data underscores a broader narrative: consumers are tightening their belts. Persistent inflation, a cooling job market, and rising financial stress are influencing buying behaviors. When essential expenses like gasoline and groceries become more manageable, discretionary spendin (think dining out, new furniture, and non-essential good) becomes more conservative. From a behavioral economics perspective, this shift isn't surprising. Consumers are inherently loss-averse; when financial uncertainty looms, they cut back on spending to mitigate perceived risk. This behavior was evident in May, with categories such as furniture and dining experiencing notable declines. Discounts and promotions around Memorial Day helped, but not enough to spark significant spending growth. For brands, these trends highlight the importance of understanding and addressing the evolving consumer psyche. Now, more than ever, it’s critical to emphasize value and necessity in your messaging. Consumers are looking for reassurance that their spending is justified and beneficial. Brands that can effectively communicate value and align with the cautious consumer mindset will stand out. At Havas Edge, we leverage behavioral economics to craft strategies that resonate with today's consumers. We understand that in times of financial strain, trust and value become paramount. We're here to help you navigate these changes and connect with consumers in meaningful ways. Contact Allie Wiggins to learn more. #RetailTrends #ConsumerBehavior #EconomicUpdate #MarketingStrategy #BehavioralEconomics
US Retail Sales Barely Increase In Sign of Consumer Strain
bloomberg.com
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