#RetailSector

@namibiannews.bsky.social

7 months ago

Bank Of Namibia Defends N$1 Coin Design Amid ‘Outere Dollar’ Talk The Bank of Namibia has addressed public concerns over the new N$1 coin, explaining that its design—showing two hands exchanging coins—was created to honour the country’s retail sector and highlight...

#BankOfNamibia #N1Coin #Namibia #RetailSector #CoinDesign

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Profit Trading USA

@profittradingusa.bsky.social

7 months ago

Canada’s retail sector suffers May pullback amid auto weakness, trade strains Investing.com -- Canadian retail activity pulled back in May, with sales falling 1.1% to $69.2 billion, according to new data released by Statistics Canada. The decline followed a 0.3% gain in April and was driven by weak performance among motor vehicle and parts dealers, as well as ongoing trade-related pressures. Volume-adjusted sales, which strip out the effects of inflation, shrank by 1.4% in May after climbing 0.5% the month prior. Core retail sales, which exclude motor vehicle and parts dealers and gas stations, were mostly unchanged, after edging up 0.1% in April, suggesting a deceleration in consumer momentum. Motor vehicle and parts dealers recorded the steepest decline among major categories, tumbling 3.6% in May, following strong gains in both March and April. The subsector’s downturn was led by a 4.6% drop in sales from new car dealers, marking their first monthly decrease since February, while auto parts and tire retailers rose 1.7%. Gasoline station and fuel vendor sales fell 1.4% in value and 2.1% in volume, continuing a three-month slide. Meanwhile, core retail subsectors posted a mixed performance, with building material and garden supply stores gaining 1.9% and health and personal care retailers up 0.7%, though food and beverage stores fell 1.2%, weighed down by a 2.9% drop at liquor outlets. The retail sector also continued to feel the strain of heightened trade tensions between Canada and the United States, with 32% of businesses surveyed in May reporting noticeable impacts, down from 36% in April, but still significant. According to Statistics Canada, the most common effects cited by respondents included higher input costs, shifting product demand, and increases in shipping and labor expenses. Regionally, retail sales declined in nine provinces, with Ontario posting the largest fall at 2.1%, led by weak auto sales. Nova Scotia was the only province to see a gain, up 0.3%, bolstered by stronger demand at building supply and garden equipment retailers. E-commerce mirrored the broader pullback, as online retail sales declined 1.7% to $4.3 billion in May, making up 6.2% of total retail trade, compared to 6.3% in April. In April, the sector had fared better, with overall retail sales rising 0.3% and growth reported in six out of nine subsectors. While official figures for June are not yet available, Statistics Canada’s advance estimate suggests a rebound in the making, with a preliminary uptick of 1.6% projected. The agency noted, however, that this estimate is based on just over half of survey responses and will be revised as more comprehensive data becomes available.

Click Subscribe. #Canada #RetailSector #EconomicNews #AutoIndustry #TradeStrains

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Profit Trading USA

@profittradingusa.bsky.social

7 months ago

Dividend Stocks in the Retail Sector Under $20: Guess? (GES) Stands Out in 2025 - Yahoo.co Dividend Stocks in the Retail Sector Under $20: Guess? (GES) Stands Out in 2025 Yahoo.co

Click Subscribe #DividendStocks #RetailSector #Investing #StockMarket #FinancialNews

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Mr. Online

@mr-online.bsky.social

8 months ago

Anne Coppelmans over shopocalyps in de retailsector, en ijs met een kop thee - Mr. Online Mr. van de week is Anne Coppelmans, advocaat herstructurering insolventie en bij DVDW. Zij is lid van de lustrumcommissie van de JIRA, de Vereniging Jonge Insolventierecht Advocaten. De JIRA bestaat v...

Anne Coppelmans vertelt over #shopocalyps in de #retailsector, en ijs met een kop thee

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Basispoint Insight

@basispointinsight.bsky.social

8 months ago

Sheela’s Kurlon Romp Made Investors Lose Sleep; Will CEO Exit Turn Up Heat? Even as Sheela Foam grapples with integration and margin pressures post-Kurlon acquisition, the CEO’s exit compounds the challenges of ongoing consolidation.

Even as Sheela Foam grapples with integration and margin pressures post-Kurlon acquisition, the CEO’s exit compounds the challenges of ongoing consolidation, writes Krishnadevan V 👇

#SheelaFoam #CEOExit #KurlonDeal #StockWatch #RetailSector #StartupVsLegacy #InvestorBuzz

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Australian Apple News

@austapplenews.bsky.social

8 months ago

Apple to open new store in Perth When is a new store not quite a new store? When you’re closing one store to open another. Apple is shifting to a new store on 27 June 2025 at Forrest Place in

Perth is getting a new Apple Store - but another is closing. Here are the details. australianapplenews.... #applestore #RetailSector

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@elmerpalace.bsky.social

8 months ago

River Island to close 33 shops The retailer blames the rise of online shopping for its decision, which risks hundreds of jobs.

River Island set to close 33 shops

#UnitedKingdom #RetailSector #StoreClosures #RiverIsland #BBC

www.bbc.com/news/article...

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Property Week

@propertyweek.bsky.social

9 months ago

KFC plans £1.5bn drive to open 500 UK and Ireland stores | Property Week Fried chicken giant KFC has unveiled plans to invest £1.5bn in its 1,000-strong portfolio and open 500 more restaurants across the UK and Ireland in the next 10 years, to capitalise on a booming marke...

KFC has unveiled plans to invest £1.5bn and open 500 more restaurants across the UK and Ireland.

Read Lewis Berrill's report: www.propertyweek.com/news/kfc-pla...

#RetailNews #RetailSector #Property #News #UK #Ireland

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Profit Trading USA

@profittradingusa.bsky.social

10 months ago

Wall Street analyst breaks down the impact of U.S. tariffs on the retail sector Investing.com - Although the retail sector appears to be one of the hardest-hit by U.S. President Donald Trump’s aggressive tariffs on China, some of these companies could be insulated from the levies following a multi-year push to diversify the countries they source products from, according to analysts at Telsey Group. Earlier this month, Trump slapped aggressive reciprocal tariffs on a range of countries around the world, arguing that it was necessary to correct longstanding trade imbalances and raise revenues for the U.S. The president later partially delayed many of these levies for 90 days following deep ructions in stock and bond markets. The White House has also temporarily paused the elevated duties on a slew of electronics like computers and smartphones, while Trump has floated potentially granting some car-related tariff exemptions. While the moves have helped to somewhat ease investor anxiety around the tariffs, fears remain around the impact of an ongoing -- and escalating -- trade war with China. Trump has lifted duties on the world’s second-biggest economy to a staggering 145%, while Beijing has retaliated with their own tariffs of 125% on U.S. imports. In a note to clients, the analysts led by Dana Telsey said "hardlines retailers and brands" -- or businesses that sell durable goods with longer lifespans -- face "varying levels of exposure" to the tariffs depending on their product categories and sourcing strategies. Sporting goods, bikes, outdoor and camping equipment sellers have heavy exposure to Chinese products, and will be dented the most by the tariffs, the analysts predicted. However, they noted that the exposure seems to be manageable for footwear manufacturers like Adidas AG (ETR:ADSGN), Nike (NYSE:NKE) and Under Armour (NYSE:UA). Discount retailers, particularly Walmart (NYSE:WMT) and Dollar Tree (NASDAQ:DLTR), also have "significant" exposure to China, they said. Meanwhile, the U.S. furniture industry sources almost half of its products from China and Vietnam, potentially leaving small- and mid-sized firms in the sector vulnerable, they said. The apparel industry is also largely dependent on Asia and China. But they flagged several retail sectors seem to be more protected from the U.S.-China trade spat, including food and beverage, specialty apparel, and the beauty and luxury industries. Home improvement may also be impacted, but the hit could be moderated thanks to a multi-year drive to find sources outside of China in recent years, the analysts added. The Trump administration’s recent halt to the tariffs for many tech-related products also presents a reprieve for some retailers of these items, including e-commerce titan Amazon (NASDAQ:AMZN) and consumer electronics company Best Buy (NYSE:BBY), they said.

Click Subscribe #Tariffs #RetailSector #WallStreet #TradeWar #Investing

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Profit Trading USA

@profittradingusa.bsky.social

11 months ago

Click Subscribe #RetailSector #StockMarket #Investing #MarketAnalysis #FinancialNews

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Robert C. Fried (Bob Fried)

@robertcfried.bsky.social

1 year ago

#Florida #California #Nevada #NewYork #Texas #SpringBreak #Tourism #CanadianTourists #USEconomy #TravelImpact #Hospitality #RetailSector #InternationalTravel #WarmWeatherDestinations #TourismRevenue #EconomicImpact #TravelTrends #CanadianVisitors #USADestinations #SpringBreakTravel

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Pure Tech

@puretech.news

1 year ago

Target and Best Buy Say Price Hikes Are Coming Thanks to Trump’s Tariffs Target, Best Buy, and Walmart all say cheap goods aren't gonna be so cheap.

Target and Best Buy Say Price Hikes Are Coming Thanks to Trump’s Tariffs #Technology #Business #Other #Tariffs #PriceHikes #RetailSector

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@coupdegraz7.bsky.social

1 year ago

“The Australian Council of Trade Unions (ACTU) has launched a campaign to push back against supermarket giants and other large employer groups wanting to abolish penalty rates in the retail sector.” #auspol #penaltyrates #workers #retailsector #employersgroups

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@elmerpalace.bsky.social

1 year ago

Crime ‘spiralling out of control’ in stores, warns British Retail Consortium UK retailers report all-time high of 55,000 thefts a day and a 50% rise this year in violent and abusive incidents

Crime ‘spiralling out of control’ in stores, warns British Retail Consortium

#RetailSector #Crime #BritishRetailConsortium #Police #OrganisedCrime #TheGuardian

www.theguardian.com/business/2025/jan/30/cri...

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Posts tagged #RetailSector