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Thread: Retail Sales

  1. #1

    Default Retail Sales

    Retail sales drop worse-than-expected 1.1% in July as rising Covid fears hit consumers

    Retail sales declined 1.1% in July, worse than the expected drop of 0.3%.

    Motor vehicles and parts dealers led the decline, along with clothing and sporting goods stores.

    Gasoline sales and eating and drinking establishments saw the biggest gains.
    https://www.cnbc.com/2021/08/17/reta...july-2021.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.


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  3. #2

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    Default Re: Retail Sales

    Most big name retailers have had their earnings go bust (AEO, ANF, GPS, JWN, CHWY, URBN, FL, TGT to name a few). All those back to school sales were pulled forward with stimulus and amazon prime day many months ago. YoY animal adoption in April 2021 was 30% and we're at 11% now.

    The pandemic run in retail has ended. Businesses now face decisions over shedding excessive real estate, supply chain disruption issues and employees who think they should be paid $20 an hour.

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  5. #3

    Default Re: Retail Sales

    Retail sales unexpectedly gain in September as consumers keep spending

    Retail sales for the month increased 0.7%, against the Dow Jones estimate for a decline of 0.2%. Excluding auto-related sales, the number rose 0.8%, better than the 0.5% forecast.

    Compared to a year ago, sales were up 13.9% on the headline number and 15.6% ex-autos.
    https://www.cnbc.com/2021/10/15/reta...-spending.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

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  7. #4

    Default Re: Retail Sales

    Retail sales rise faster than expected in October even as inflation pushes prices higher

    Retail sales rose 1.7% in October, both for all items and excluding autos.

    Price pressures fueled the spending increase, led by online shopping and gasoline.

    Inflation has been rising at the fastest pace in 30 years, but consumers don’t appear to be curtailing their purchases
    https://www.cnbc.com/2021/11/16/reta...es-higher.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

  8.  
  9. #5

    Default Re: Retail Sales

    Retail sales surge 3.8% in January, much more than expected amid inflation rise

    Retail sales increased 3.8% in January, well ahead of the 2.1% estimate and much better than the 2.5% decline in December.

    Online shopping and furniture sales boosted the number, while sporting goods and gasoline sales totals declined.

    The numbers reflect an active consumer as well as rising inflation.
    https://www.cnbc.com/2022/02/16/reta...uary-2022.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

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  11. #6

    Default Re: Retail Sales

    Retail sales rose 0.5% in March amid inflation jump; import prices hit 11-year high


    https://www.cnbc.com/2022/04/14/reta...year-high.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

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  13. #7

    Default Re: Retail Sales

    U.S. Retail Sales Grew 0.9% in April

    Retail spending rose for the fourth straight month as inflation remained high

    U.S. shoppers increased retail spending in April for the fourth straight month, taking on higher prices with inflation close to its highest level in four decades.

    Retail sales—a measure of spending at stores, online and in restaurants—rose a seasonally adjusted 0.9% in April from the prior month, the Commerce Department said Tuesday.
    https://www.wsj.com/articles/us-econ...hare_permalink
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

  14.  
  15. #8

    Default Re: Retail Sales

    Target Stock Sinks Nearly 25% on Earnings Miss, High Costs

    Retailer posts profit trailing Wall Street forecasts; shoppers buy fewer TVs and kitchen items

    Sales at the Minneapolis-based retailer increased in the most recent quarter as shoppers spent more on food and groceries and even luggage as they prepared to travel again, but supply-chain costs and inflationary pressures cut into profits. Like Walmart Inc., its larger rival, Target reported quarterly earnings that missed Wall Street’s forecasts.

    Target shares fell nearly 25% to about $163 in premarket trading Wednesday on the results.
    https://www.wsj.com/articles/target-...hare_permalink
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.

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  17. #9

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    Default Re: Retail Sales

    How long until TGT and WMT start to lay off those people they "over-hired" due to COVID? Between the two, it has to be close to 3M current employees. Even a small percent will put a significant number on the unemployment line.


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