Not exact matches
Rising spending on clothes, food and transportation lead to the slower decline in
overall retail sales, the data showed.
Macy's recently said comparable
sales, a measure the strips out newly closed stores,
rose 1 % in November and December, a modest result compared to the torrid growth of
overall retail sales.
Ecommerce's share of
overall retail sales will
rise to 9 percent, well above its predicted 7.1 percent share of total
retail sales for the year.
What's most encouraging for Walmart is how it managed both to get more shoppers into its stores (shopper traffic
rose 1.2 %, while Target (tgt) suffered a drop) AND increase online
sales, the Holy Grail in
retail, proving its thesis that the digital and the physical must play off of each other for greater
overall sales.
Many analysts were unimpressed with the 1 % increase considering Macy's dismal 2016 season which would make comparisons easier to beat, as well as the
overall strong holiday season for
retailers at large:
retail sales in the U.S.
rose 4.9 % between Nov. 1 and December 24, their best result since, 2011, according to Mastercard SpendingPulse.
Overall same - store
sales, a
retail industry barometer, have improved somewhat,
rising 1.5 per cent in the second quarter.
While consumer confidence has also been
rising over this period, it remains considerably below average in most countries and there has yet to be an improvement in
retail sales overall.
The
retailer's initial holiday quarter guidance predicted that
overall comps would end up
rising in the mid-single-digits, with
sales coming in between $ 870 million and $ 885 million.
Ford said it had its best
retail SUV
sales ever, with
overall retail up 0.8 percent, while fleet
sales rose 8.7 percent.
GM's closely watched
retail sales — roughly 70 percent of
overall deliveries —
rose 14 percent while fleet
sales inched up 3 percent last month, the automaker said.
Overall sale pair dollar volume
rose 150 percent year - over-year, with
retail sales increasing 23 percent.