Landing Cancelled? Retail Sales Jump, Prior Months Revised Up, Boost Atlanta Fed GDPNow to +3.4% Inflation-Adjusted GDP Growth by Wolf Richter • Oct 17, 2024 • 155 Comments This demand growth is adding to renewed inflation concerns. The huge waves of immigrants in 2022-2024 are part of this demand growth.
Recession Not Yet: Retail Sales Help Push Up Atlanta Fed GDPNow to +3.0% for Q3 GDP by Wolf Richter • Sep 17, 2024 • 182 Comments As retail sales rose despite dropping prices of goods, inflation-adjusted retail sales – adjusted for this deflation in goods – rose even faster: hence the jump in GDPNow.
The Only Thing Pushing Up Retail Sales Is Ecommerce. Brick-and-Mortar Sales Have Stagnated for 2 Years by Wolf Richter • Aug 19, 2024 • 58 Comments Ecommerce keeps crushing brick-and-mortar retailers, except in autos, gasoline, and food, but even there, the tide is slowly turning.
These Retail Sales, in Face of Dropping Prices of Goods Retailers Sell, Support Solid Growth in “Real” GDP & Inflation-Adjusted Consumer Spending by Wolf Richter • Aug 15, 2024 • 147 Comments Our Drunken Sailors are in No Mood to slow down. Massive waves of migrants also boost retail sales.
Without Share Buybacks, Subprime-Focused Retailer-Lender Conn’s Wouldn’t Have Had to File for Bankruptcy by Wolf Richter • Jul 29, 2024 • 70 Comments A basket case for years. Acquiring W.S. Badcock was another great idea; 7 months later, both are bankrupt and liquidating.
Retail Sales Excl. Autos & Gasoline Jump by Most in 18 Months & Pushed Up Atlanta Fed GDPNow to 2.5% from 2.0% Last Week by Wolf Richter • Jul 16, 2024 • 69 Comments Auto sales hit by CDK hack. Gasoline and auto sales in dollars hit by dropping prices, but they boost inflation-adjusted consumer spending.
Our Drunken Sailors Bought Lots of Stuff at Retailers, including Vehicles, But at Prices that Fell from the Pandemic Spike by Wolf Richter • Jun 18, 2024 • 56 Comments Inflation-adjusted consumer spending & GDP will reflect that strength.
As Rest of Retail Stagnates, Ecommerce is Hot. And what Walmart Said about this Phenomenon by Wolf Richter • May 17, 2024 • 105 Comments Walmart US online sales +22%. It credits “convenience” of ecommerce for its success in attracting higher income customers.
Our Drunken Sailors Binge despite Higher Interest Rates, and the Fed Watches them Nervously by Wolf Richter • Apr 15, 2024 • 174 Comments Retail sales by major segment: huge winners (on top: ecommerce and general merchandise retailers), and some big losers.
Brick-and-Mortar Meltdown Fells another Retailer: Joann Inc. Files for Bankruptcy 3 Years after IPO by Wolf Richter • Mar 18, 2024 • 96 Comments The IPO allowed the PE firm that had acquired Joann via an LBO in 2010 to dump the shares into the lap of the public.
