[credit provider=”ap”] Retailers lost around $1 billion in holiday sales because of the blizzard, ShopperTrak tells Reuters.Shopper traffic was off 11.2 per cent on Sunday and 13.9 per cent on Monday from expectations. Analysts put the damage to December sales growth between 0.25% and 0.5% — a painful loss for […]
Another sign of how dependent the world is on China is that nearly one third of luxury shoppers in London are Chinese tourists.
The world’s coolest malls are much more than places to go shopping.
[credit provider=”Shahnawaz Sid via Flickr” url=”http://www.flickr.com/photos/findsiddiqui/4752458096/sizes/l/in/photostream/”] An influx of foreign retail brands in India has made politicians realise the importance of retail as a macroeconomic indicator. In speaking with Times of India, Dayanidhi Maran, India’s textiles minister told the paper that the presence of foreign retailers would make sales figures […]
[preserve] [/preserve] Blue Nile chairman Mark Vadon tells us that 25% of its customers use the mobile app or site. One man even bought a $250,000 engagement ring through his phone!
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In today’s note, David Rosenberg presents 10 signs that the deflation is the theme of this year’s retail season, and that things are going worse than people realise:
We are updating the chart we released in last month’s report entitled Retail Sales as the Echoes of a Pre-Crisis Habit, to reflect data through November, with respect to retail sales, and through October with respect to consumer credit. See the revised chart at the end of this email and […]
Doug Short takes us to task for pointing out the v-shaped recovery in retail, arguing that the “bullish babble” is undermined by an inflation and population-adjusted retail sales chart that shows we’re still nowhere near our old highs.
Yesterday we mentioned how retail sales were showing a clear v-shaped recovery.
Shopkick, the mobile shopping rewards startup, has been very tight-lipped about its progress so far.
Something weird here… The retail sales rebound certainly looks like a “V”.
Two pieces of data we just got paint a very grim picture for the traditional electronics industry.
Shopkick, the mobile commerce/location startup that competes with Foursquare and Facebook, just scored another distribution deal with another big-name retailer.
As I wrote here and here, spirits were exceedingly high at the ICSC New York National Conference and Dealmaking. It feels like a cloud has lifted and that brighter days are ahead. And companies are adjusting their business plans accordingly.
The answer surprised us.
One reason today’s jobs number looked so horrible was dismal retail hiring in November.
Retail sales are way up year-over-year and apparel is leading the way. I have this email from SpendingPulse to share:
Despite the ugly jobs report, the retail sector is barely down. Nobody is fearful that the headlines (or, you know, the actual truth) is going to put a huge damper on holiday spending, it would seem.
After a rough October, same-store sales rebounded strongly in November, setting a promising tone for the all-important holiday shopping season.
[credit provider=”9 to 5 Mac” url=”http://www.9to5mac.com/38474/apple-opens-up-new-business-in-point-of-sale-systems”] Apple is making a huge play at the enterprise market via iOS: Not just the typical corporate market you think of, like getting big companies to buy Macs instead of Dells, but actually getting companies to use iOS devices as part of their business […]
Headline Number: 54.1, for November
[credit provider=”Dan Frommer, Business Insider”] A blog about the dark side of working at Apple‘s famous retail stores, the “CrApple Store,” made the rounds over the weekend.But now it’s down — the anonymous writer has replaced it with a single post explaining that it was “never really meant to be […]
Finally, a productive use of Facebook!
This chart basically speaks for itself. The big retail ETF XRT is at an all-time high.
This video will remind you that you’re much better off at home reading the internet and not getting Black Friday “deals.”
All day we’ll be following the Black Friday news to see what the numbers and line reports tell us about the state of the economy.
[credit provider=”victoriagreer on twitpic” url=”http://twitpic.com/3aav7d”] If you’re out of the house already, then you’ve seen the Black Friday shoppers.There’s a crazy feeling on the streets of New York City, with lines at 4:30 AM outside stores like Forever 21 that opened at 5. Stores that were open like the Gap […]
Nearly one in five Americans plan to shop on Black Friday and 61% plan to spend between $100 to $500, according to a survey conducted by Nielsen. 60-four per cent of shoppers will buy apparel, while 60% will buy electronics and 47% will buy toys.
Headline number: 71.6, that’s a big rise over October’s final 67.7.
With the retail mad dash just days away now, it’s time to start talking a lot about retail.
[credit provider=”By mjb84 on flickr” url=”http://www.flickr.com/photos/markjms/3466232927/sizes/o/in/photostream/”] Retailers are acutely aware of consumers’ tight budgets this year and are doing what they can to stay competitive against their retail opponents.Experts are predicting that consumers will spend slightly more on holiday-related shopping this year, and stores are doing what they can to […]
Germany is about to see a spending boom from its consumers this holiday season, according to Bloomberg.
There’s something happenin’ here; What it is ain’t exactly clear. — Steven Stills, Buffalo Springfield Highlights
Some clear-eyed analysis from Asha Bangalore at Northern Trust regarding today’s retail number:
The October 2010 Advance Monthly Sales for Retail Trade and Food Services was released this morning. The seasonally adjusted tally of $373.1 billion, an increase of 1.2 per cent (±0.5%) from the previous month, and 7.3 per cent (±0.7%) above October 2009. Also, August headline number was upwardly revised from […]
Headline retail sales growth of 1.2% was well ahead of expectations, but the market isn’t wildly jazzed on the news.
Sales for league licensed sports merchandise this year are running more than 20 per cent ahead of 2009, Reuters reports. Retailers are expecting a strong November and December.
Consumer sentiment rebounded off its October low, to 69.3 for the November preliminary number.
[credit provider=”BlackBerry.com” url=”http://appworld.blackberry.com/webstore/content/screenshots/680?lang=en”] Facebook released Places on Blackberry today. Just like the iPhone and Android versions, Facebook Places will let you check in to nearby venues.Last week, Facebook unleashed it’s first round of Deals, with the Gap offering a free pair of jeans to the first 10,000 customers to check […]
[credit provider=”Scott Beale / Laughing Squid” url=”http://laughingsquid.com/”] Even in bad times, New Yorkers love their high-end retail.Mint Data shows that New Yorkers are spending more and more in advance of the holiday season.
[credit provider=”Apple”] U.S. containerized import data is already tracking for 9% year over year growth in November.Retailers remain extremely cautious, yet are still preparing for what they expect to be the best crisis in years, according to the National Retail Federation (NRF):
October’s same-store sames numbers are in and the results are a bit of a mixed bag. About an equal number of retailers posted gains and declines. Overall, same-store sales for the 30+ retailers that still bother to report monthly figures were up about 1.5 per cent give or take a […]
[credit provider=”Amadika” url=”http://www.flickr.com/photos/amadika/2177959587/”] Why did Gap do a big deal with Facebook today, giving away 10,000 pairs jeans and 40%-off discounts to Facebook users?Depending on whom you ask, you may hear answers like “brand lift,” “lead generation,” “getting people in the store,” “partnering with strategic partners,” or straight-up “social media […]
When Q3 GDP came in at 2%, bears pointed out that it was all due to inventory rebuilding, and that the economy was fundamentally not strong.
Facebook’s big “Deals” product launches with Gap stores today, and Facebook users are lined up at Gap stores around the country, hoping to get one of those 10,000 free pairs of jeans. (If you don’t get free jeans, you can get 40% off a regular-price item, just by “checking in” […]
Microsoft just opened its latest retail store, at Oakbrook centre in the Chicago suburbs. Via Microsoft’s Twitter stream, look how elated everyone is!
The First Lady is so influential that she can move retail markets simply by what she decides to wear out.We read last week that during a span of 189 public appearances, Michelle Obama has created $2,700,000,000 of total value for 29 companies, according to research conducted by David Yermack of […]
On October 20, 2010 the aggregate severity of the 2010 contraction in consumer demand surpassed the similar measure of economic pain experienced during the “Great Recession.” And a glance at our “Contraction Watch” tells us that the pain is not about to end anytime soon:
Windows 7 isn’t the only Microsoft kid celebrating its first birthday this week: a year ago today, the company opened its first retail store in Scottsdale, Arizona.
[credit provider=”By Evil Smiley via Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Mat-Su_NOW_Wal-Mart_Protest.jpg”] Kanye West slammed Walmart after the store banned his latest album because of its seriously sexual cover.And if you get banned by this mega-chain, you’re going to be missing out on some serious sales. It’s enough to kill some companies completely. After […]
U.S. retail sales have rebounded since the crisis, but it’s been one of the weakest recoveries in a very long time according to Goldman Sachs.
BTIG’s Mike O’Rourke has made the provocative case that the Fed never intended for a $1 trillion QE program, which is somehow what the market has come to expect, and that the communication surrounding this program has been a disaster.
The September 2010 Advance Monthly Sales for Retail Trade and Food Services was released this past week. The seasonally adjusted tally of $367.7 billion is an increase of 0.6 per cent (±0.5%) from the previous month, and 7.3 per cent (±0.7%) above September 2009.
Ben Bernanke just wrapped up his remarks on monetary policy, so let’s recap what we’ve seen over the last 35 minutes.
Retail sales for September rose, 0.6% beating expectations for just a 0.4% rise.
American retailers are announcing surprisingly positive sales numbers, beating already aggressive growth estimates for the month of September.
[credit provider=”AP Images”] With his Nike deal expired, CNBC’s Darren Rovell reports that the quarterback is in talks with Under Armour for a new apparel sponsorship:Brady’s endorsement could be a nice boost for the Under Armour brand, which has suddenly shifted focus from signing defensive players to offensive weapons. The […]
University of Michigan Consumer Sentiment came in higher than expected, at 68.2.
[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Happy_Saint_Patrick%27s_Day_2010,_Dublin,_Ireland,_the_green_luck,_the_green_love,.jpg”] Austerity is looking worse all the time for Ireland, with new manufacturing and retail sales data tanking.The country’s purchasing managers index fell to 48.4 in September from 51.1 in August, according to Reuters. Anything less than 50 indicates contraction.
Consumer confidence fell to 48.5 in September, a big drop over August’s 53.5.
We already know that tablets are cannibalising laptop sales at Best Buy. Will mobile carriers now steal those sales from electronics retailers… like Best Buy?
The number: September University of Michigan sentiment of 66.6 is definitely lighter than expected. Analysts were looking for 70.0
The effects of epic flooding across Asia keep looking worse. China’s Ministry of Agriculture said today the cotton fields are in worse condition than a year earlier, according to Bloomberg. India’s textile and agriculture ministries also said today cotton production would miss estimates, according to Business Line.
In results that came in stronger than many expected, same-store sales rose in August by more than 3 per cent. The results are especially surprising since people just a few days ago were saying the back-to-school shopping season was turning into a big bust. However, it does appear that big […]
Not a good sign from the American consumer.
America’s personal savings rate has been exceptionally erratic recently, as highlighted by Citi’s retail analyst Deborah Weinswig in a new report:
Shopkick, an iPhone app for shopping that launched this week, could be especially popular with teens, who seem likely to want to collect points for real-money rewards like gift cards and Facebook credits. (Click here to see a step-by-step guide on how Shopkick works.)
Shopkick is a new iPhone app for shopping, which lets you “check-in” to stores, browse special deals, collect points, and earn real-money rewards.
Shopkick, a new mobile commerce/location startup, launched its flagship iPhone app today.
Foursquare has become a popular mobile social networking app with some shopping perks.
[credit provider=”parishiltonjustme.com”] U.S. retail sales rose 0.4% in July vs. June, marking the first increase in three months, this compares to expectations of 0.5%.However, core retail sales, ex-autos, rose 0.2%, which matched expecations of 0.2% according to estimates via Finviz.
Most of the time in American history it’s been a good thing that Americans love to spend, a good thing that consumer spending accounts for 70% of the U.S. economy.
In results analysts called tepid same-store sales rose in July by about 3 per cent.
[credit provider=”Carl Howe via Yfrog” url=”http://yfrog.com/1fmc5pj”] A Boston Au Bon Pain sandwich shop is testing an iPad app for lunchtime sandwich ordering, according to this tweet and photo from Carl Howe of research firm Yankee Group.We’ve never tried this, but as geeks, it seems pretty neat. (We could totally see […]
John Paulson is apparently opening up Paulson & Co to retail investors by making two new versions of his fund Ucits compliant.
After bedbug infestation forced store closures at Hollister and Abercrombie & Fitch in Manhattan, we ask Are There Bedbugs In The New York Retail Supply Chain?
U.S. retail sales fell in June by -0.5%, which missed the street’s forecast for just a -0.2% drop.
In results analysts called “mixed,” same-store sales rose in June by about 3 per cent.
If you subtract out government transfer payments to Americans (such as unemployment checks) and lower taxes paid by Americans (due to breaks or lack of income), then you can wipe out all of the consumer spending growth since Lehman went bust in 2008.
Tesla announced today it has hired ex-Apple retail exec George Blankenship.
Ok, so Abercrombie & Fitch having to close one store because of bed bugs seemed like a fluke. But now they’ve had to close a second store for the same reason.Bed bugs have been a growing problem in New York City for a while. It’s typically apartments and hotels that […]
It’s no secret that social gaming company Zynga‘s success isn’t coming because a bunch of tech-weenie early adopters play games like FarmVille, Mafia Wars, etc. It’s just the opposite — it’s because of “the normals.” That’s how FarmVille had 63 million active users on Facebook in the last month.
Despite a small rebound from crisis-lows, this long-term chart from Deutsche Bank keeps the rebound in perspective.
The Conference Board’s consumer confidence index for June dropped sharply to 52.9, which is a horrible underperformance of expectations given that consensus had forecast a reading of 62.
Hong Kong-based LI & Fung (494 HK), a huge supplier of U.S. consumer goods to Walmart (WMT) and Target (TGT), has just seen a substantial rebound in U.S. demand.
Consumer demand continues to deteriorate in 2010, despite the current economic rebound, according to a leading indicator managed by the Consumer Metrics Institute.
Econompic breaks down today’s retail sales report nicely, showing how retails sales missed expectations mostly due to falling building materials and gasoline sales.
U.S. May retail sales fell 1.2% vs. an expected 0.2%. Ex-automotive sales, retail sales still fell, down 1.1% vs. an expected 0.1% rise.
In results analysts called “disappointing,” same-store sales rose in May by about 2.6 per cent. The early months of the year saw consumers spend based on pent-up demand. But high unemployment and other pressures seem to be bringing that run to an end. There are indications that the jobs report […]
The market’s tanking, yet there’s one major stock that just isn’t budging so far. Walmart beat analyst estimates, with 1Q profit rising 10%. Despite the market’s dip, WMT shares have held up extremely well so far today despite other early gainers falling into the red.
China created a special subsidy program for home appliance-purchases in rural areas in February 2009. The effect on sales has been enormous.
After March same store retail sales (SSS) rose by a 9.1% year over year thanks to an early Easter, analysts had far more subdued expectations of 1.7% growth for April according to Reuters.
Personal income rose in line with expectations, up +0.3% in March. Personal expenditures rose at twice this rate, +0.6%, also expected.
Exxon (XOM) reported earnings of $1.33 per share, missing analyst estimates of $1.41. The stock is down under 1%. Check out their earnings here, and note they have a 10AM conference call.
Goldman’s Gerald Moser outlines a long oil, short retail pair trade in his latest portfolio strategy piece. The argument is that oil stocks have underperformed both many other industries as well as the rally in oil prices. Thus they should be buoyed by oil’s strength in the upcoming quarters while […]