Tag: Retail

Smart Retail Market 2020 Growth and Forecast Survey Till 2027 | By ARC

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pune, India, Tue, 23 Feb 2021 02:55:27 / Comserve Inc. / — The global Smart Retail market size is anticipated to around USD 59.4 billion by 2026, this market is anticipated to grow with 24.4% CAGR during the forecast time period.

The Smart Retail Market is highly competitive, due to a large degree of fragmentation in the market. The market is largely connected to the regulatory requirements for establishing and operating, despite the fragmentation. The research report of the global Smart Retail Market provides in-depth insights to

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Online Shopping a Lone Bright Spot in Otherwise Bleak Retail Sales Report | Economy

Retail sales in the U.S. plunged a record 16.4% last month as consumer spending evaporated in the wake of widespread lockdown measures and massive spikes in unemployment fueled by the ongoing coronavirus pandemic, according to data published on Friday by the Census Bureau.

“The magnitude of the consumer pullback in April was truly staggering – it speaks to the ferocity of the COVID-19 shock,” Lydia Boussour, senior U.S. economist at Oxford Economics, wrote in a research note on Friday. “The pullback was concentrated in the most vulnerable sectors including clothing, electronics, and furniture, which saw 60% to 80% declines,

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Retail sales increased, but clothing stores and shoe stores were hit hard in the fourth quarter

Clothes stores have been hit hard. Photo: DutchNews.nl

Despite the coronavirus crisis, Dutch retail sales increased by nearly 6% annually, according to new figures from the national statistic agency CBS.

This means that retail sales have increased for the seventh consecutive year, CBS said.

However, there are significant differences depending on the type of retail. In addition, shoe and clothing store sales fell 27% year-on-year during the last three months of the year, when some non-essential stores were closed.

In contrast, Internet shopping surged 55% in the previous quarter, CBS figures show.

The overall increase is due to grocery stores,

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Retail store closings 2020: The chains that have closed stores this year

The brick-and-mortar retail industry has had a rough few years, and now the coronavirus pandemic is causing even more turmoil.

Over the last several months, many major retailers have announced permanent store closings or filed for Chapter 11 bankruptcy.

While the brick-and-mortar industry has struggled in 2020, there have been huge spikes in online shopping. Companies that have filed for bankruptcy or shuttered stores have pulled out all the stops to take advantage of the surge.

Here’s a look at all the major chains that have shuttered stores permanently this year, along with current online sales they are offering.

24

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Holiday retail sales jumped 3% as more people shop for decor and furniture for their homes

Unsurprisingly, furniture and home improvement items were big sellers this holiday season, helping give retail sales a 3% boost during this year’s expanded holiday shopping season, according to a report by Mastercard (MA) SpendingPulse.

Online shopping sales also grew a whopping 49% between October 11 and December 24, further emphasizing how the Covid-19 pandemic has reshaped shopping habits.

The longer-than-average holiday season, which kicked off with a delayed Amazon Prime Day, was marked by a number of retailers offering special deals and promotions to incentivize customers to make earlier purchases to guarantee on-time holiday deliveries.

But retailers’

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