A surge of UK retailers are seeking to spread their wings and expand overseas amid a bounce-back in activity following the pandemic. Experts at real estate advisory firm Colliers said demand for UK locations from international firms has also lifted higher as shopper demand remains resilient despite fears over cost-of-living pressures. New data from Colliers…
German Retail Sales Drop in April as Food Prices Bite
BERLIN—German retail sales fell by more than expected in April as consumers feel the pinch of higher prices, especially for food, and retailers face supply problems from the China lockdowns. The Federal Statistics Office said on Wednesday that retail sales were down 5.4 percent on the month in real terms. A Reuters forecast had predicted…
Rising Cost of Living ‘Puts Brakes’ on Consumer Spending: UK Report
May 10, 2022
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The soaring cost of living has hit the confidence of British consumers and has “put the brakes” on consumer spending, the latest retail statistics show. Retail sales dipped in April after a sharp downturn in consumer confidence, according to a report by the BRC-KPMG retail sales monitor. Total sales fell by 0.3 percent in April,…
Higher Gasoline Prices Flatter US Retail Sales; Consumers Remain Resilient
WASHINGTON—U.S. retail sales increased solidly in March, boosted by record-high gasoline prices, but consumers are starting to feel the pinch of high inflation, with online spending posting back-to-back declines for the first time in more than a year. The report from the Commerce Department on Thursday, which also showed stronger retail sales growth in February…
US Pending Home Sales Approach Two-Year Low; Consumer Sentiment Slumps
WASHINGTON—Contracts to buy U.S. previously owned homes dropped to the lowest level in nearly two years in February, weighed down by a persistent shortage of properties, and activity could remain sluggish amid increasing mortgage rates and high house prices. The National Association of Realtors (NAR) said on Friday its Pending Home Sales Index, based on…
December Retail Sales Drop 1.9 Percent as Inflation Hits US Consumers
U.S retail sales sharply fell 1.9 percent in December, as inflation and supply issues hit prices, according to a Commerce Department report on Jan 14. The disappointing results were worse than the Dow Jones’s estimate, which had earlier predicted a 0.1 percent drop. The new surge in Omicron cases is being blamed as a factor for…
German Hospitality, Retail Firms Put More Staff on Shorter Hours in December
BERLIN—Coronavirus restrictions in hospitality and retail pushed up the number of German employees put on reduced working hours in job protection schemes in December, the Ifo economic institute said on Wednesday. The number of workers on short-time work schemes, also known as Kurzarbeit, rose by nearly a quarter to 879,000 from 712,000 in November, Ifo…
Euro Zone Retail Sales Growth Surges Past Expectations in November
FRANKFURT—Euro zone retail sales surged past all expectations in November, driven by in-store non-food purchases, data from Eurostat showed on Friday, indicating that consumer demand remained healthy even as fresh pandemic-related restrictions were implemented. Retail sales, a proxy for consumer demand, in the 19 countries sharing the euro rose 1 percent by value on the…
German Retail Sales Outlook Clouded Despite Surprise Rise in November
BERLIN—German retail sales rose unexpectedly in November, data showed on Tuesday, lifting them to a record annual high despite renewed COVID-19 restrictions which held back a consumer-led recovery in Europe’s largest economy. The Federal Statistics Office said retail sales were up 0.6 percent on the month in real terms. That beat a Reuters forecast of…
Retailers Prepare for a Wave of Merchandise Returns
News Analysis After a prolonged and record-breaking holiday shopping season, retailers are now preparing to face the fly in the ointment of the recent spending spree: a deluge of returns, which are predicted to put additional strain on supply chains and retail operations. The particular concern this year arises from the supply chain issues that…
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