Australian retail sales in July were much stronger than expected, underscoring consumer resilience in the face of soaring interest rates and a big rise in the cost of living this year. Retail sales rose 1.3% in July, the biggest increase in four months, according to the Australian Bureau of Statistics. Estimates were for an increase […]
Tag: Retail Sales
US: Retailers Cut Prices on Clothing as Consumers Cut Back on Shopping
U.S. consumers worried about the path of inflation and cutting back on clothing purchases are prompting retailers to cut prices to clear inventory. Retail chain Gap was the latest to report a plunge in second-quarter apparel sales, announcing yesterday that net sales fell 8 percent from a year earlier to $3.86 billion. In August, the […]
UK: Retail Sales Fall 3.4% YoY in July; GBP/USD under pressure
UK retail sales fell 3.4% in its annual reading for July, worsening forecasts for a 3.3% decline. In addition, the result for June was revised downwards, going from -5.8% to -6.1%. This is the fourth consecutive month of falls for the indicator. On a monthly basis, retail sales rose 0.3%up from -0.2% previously expected, showing […]
US: Retail sales steady in July
U.S. retail sales were unchanged in July as a drop in gasoline prices that squeezed gas station receipts was offset by resilience in consumer spending, allaying fears that the nation’s economy has entered a recession. In particular, the value of total retail purchases in July remained stable after a downwardly revised 0.8% rise a month […]
US: Retail Sales Stagnate in July, Control Group Sales Rise More Than Expected
Retail sales in the US register zero advance in July against 0.1% expected. Sales of the control group and without taking into account vehicles climb more than expected. The dollar remains firm in the market. The retail sales recorded stagnated in July, with an increase of 0.1% expected. June figures were revised from 1% to […]
Eurozone: Retail sales fell in June
Eurozone retail sales fell in June as consumers continued to cut back on purchases amid a rally in inflation. In particular, the volume of retail trade fell by 1.2% in June in the Eurozone and by 1.3% in the EU. compared to May, according to the initial estimate announced today by Eurostat. In May the […]
Australia: Retail sales rose 1.4% in the second quarter
Australian retail sales volumes rose 1.4% in the second quarter to a new record, defying rising inflation and rising interest rates, the statistics office said. The increase in sales volumes was the third consecutive quarterly increase in total retail volume, following increases of 1% in the first quarter and 7.7% in the fourth quarter of […]
ELSTAT: Turnover in retail trade increased by 16.4% in May
The Hellenic Statistical Authority (ELSTAT) presents in detail the evolution of sales/turnover of all classes of activity in the retail trade sector. Retail is the core business model of the modern consumer supply chain, through the resale of tangible goods or services and the promotion of products for profit. 1. Businesses in the retail trade […]
What the Army’s ‘supermarket’ and wholesaler sells and earns
By Giorgos Lampiris A completely profitable business entity, which operates with resources that do not come from the state budget, is the Special Army Units Supply Center (EKEMS), which is active in the sale of products and in serving the needs of the Army and civilian personnel. Through retail, it serves eligible military personnel as […]
US: Retail sales beat forecasts in June
The strong high demand in the American economy was maintained in June, which lays the groundwork for an even greater increase in interest rates by the Fed in order to fight rapid inflation. In particular, as announced by the US Commerce Department, retail sales in June showed a 1% increase compared to a month earlier, […]