Retail Industry

[behappyalways]

Returns Are the Retail Industry’s Quietly Mounting Logistics Problem | WSJ
https://m.youtube.com/watch?v=fCuI48MwYMc

[winston]

US: Black Friday & Cyber Monday Sales

Black Friday sales raked in a record $9.12 billion from online shoppers this year despite concerns of inflation and higher prices, according to estimates.

The $9.12 billion figure is up from $8.92 billion in 2021 and $9.03 billion the previous year, according to Adobe Analytics.

Inflation accounts for some of the increase this year, with people paying more to buy less…

Adobe expects discounts to remain strong throughout the weekend, predicting shoppers will spend another $4.52 billion on Saturday and $4.99 billion on Sunday.

Cyber Monday didn’t disappoint either. Sales came in at a whopping $11.3 billion – that’s 5.8% more than last year.

Source: Investor Place

[behappyalways]

Why the counterfeit business is booming

The quantity and quality of counterfeit sneakers has never been greater. As online sales boom, many buyers are deliberately choosing the steal over the real.
00:00 - The counterfeit epidemic
00:57 - How does eBay authenticate goods?
03:34 - What is driving the counterfeit boom?
05:24 - How is the sneaker resale market affecting counterfeits?
07:11 - What is the role of influencers?
08:56 - China: the world's counterfeit capital
10:45 - Is sneaker counterfeiting a victimless crime?
11:59 - Can counterfeit production be stopped?

Source: The Economist

https://m.youtube.com/watch?v=4cyqL8OTMXc

[winston]

Retail Sales Report

Well, we got retail sales in and it was pretty weak.

It came in at 0.4% while economists were expecting 0.8%.

Fuel prices had fallen, so gas station sales dropped. Excluding gas station sales, retail sales rose 0.6%.

It’s really hard for me to make this look good.

One of the things that’s bothered me is in the past 12 months is retail sales have only risen 1.6%. That’s below the pace of inflation…

Spending on any big-ticket items – durable goods, electronics, furniture, and appliances – they’re all weak.

Only seven of the 13 retail categories surveyed improved in April.

So, the good news is we’re growing. The bad news is we’re sputtering.

Source: investor Place

[behappyalways]

Luxury Group Richemont Plunges On Signs Of Worsening US Slowdown
https://www.zerohedge.com/markets/luxur ... s-slowdown

[winston]

US retail sales increased more than expected

US retail sales increased more than expected in July as Americans boosted online purchases and dined out more, suggesting the economy continued to expand early in the third quarter and keeping a recession at bay.

The report from the Commerce Department on Tuesday (Aug 15) also showing consumers splurging on hobbies, sporting goods and clothing, underscoring their resilience despite the Federal Reserve’s aggressive interest rate hikes to tame inflation.

Demand is being underpinned by strong wage gains from a tight labour market.

Despite the signs of persistent strength in consumer spending, economists did not expect the Fed to raise interest rates next month, with inflation retreating.

Retail sales jumped 0.7 per cent last month.

Data for June was revised higher to show sales rising 0.3 per cent instead of the previously reported 0.2 per cent.

Economists polled by Reuters had forecast retail sales would climb 0.4 per cent. Sales increased 3.2 per cent on year-on-year basis in July.

Source: Phillips

[behappyalways]

Retailers are losing billions due to theft
https://twitter.com/Mayhem4Markets/stat ... 5333109970

[winston]

by behappyalways:-

Do Plunging Retail Stocks Signal The US Consumer Is Finally Done

Source: Zero Hedge

https://www.zerohedge.com/markets/do-pl ... nally-done

[behappyalways]

One bright spot for retailers this earnings season was that inventory levels were coming back under control.

The LMI has been showing contraction for six months falling to its lowest level in six and a half years this July.
https://twitter.com/AyeshaTariq/status/ ... 4753423745

[behappyalways]

Locked Items, Self-Checkouts & Disappearing Staff: Rising Theft And Slowing Sales Eat Away At Retail
https://www.zerohedge.com/markets/locke ... s-eat-away