Why Jobs in Retail Are at 2007 Levels: It’s Structural. Jobs in Ecommerce & Services Boomed but Aren’t in “Retail Trade.” And Half of Retail Trade is Moribund by Wolf Richter • Jun 5, 2023 • 83 Comments Walmart U.S. gave us some color: ecommerce sales +27%; grocery sales +12%; non-grocery brick-and-mortar sales -10%.
I’m Surprised How Well Retail Sales Held Up despite Price Drops of Many Goods as Spending & Inflation Shifted to Services by Wolf Richter • May 16, 2023 • 81 Comments Dropping prices cause dollar-sales to drop even if unit sales rise. Home Depot today blamed part of its revenue decline on lower prices.
After Wasting $11.6 billion on Share Buybacks (“Return Value to Shareholders” LOL), Meme-Stock Pump-n-Dump Bed Bath & Beyond Goes Bankrupt, Will Liquidate by Wolf Richter • Apr 23, 2023 • 176 Comments Brick-and-Mortar Meltdown Continues. Revenues Collapsed by 55% since 2017: Share buybacks and Ecommerce killed it.
Some Astonishing Trends in Retail Sales beyond the Month-to-Month Data Noise by Wolf Richter • Apr 14, 2023 • 100 Comments Introducing my new retail sales charts of three-month moving averages to iron out the big month-to-month spikes and drops that clutter up the trends.
Retail Sales Dip a Tad in Feb after Huge Spike in Jan. Year-over-Year: +5.4% Despite Price Drops in Durable Goods & Gasoline by Wolf Richter • Mar 15, 2023 • 132 Comments Consumers are still spending like drunken sailors, especially online, now that they don’t have to blow so much on gasoline anymore.
Consumers in No Mood for a Landing: Retail Sales and Seasonal Adjustments by Wolf Richter • Feb 15, 2023 • 102 Comments “Not seasonally adjusted” sales plunged from the big record in December, but not as much as in pre-pandemic Januaries.
After Spiking 92% Today, 350% in a Month, Bed Bath & Beyond Stock Collapses Afterhours on Share Offering That’ll Dilute the Bejesus out of the Meme-Stock Crowd by Wolf Richter • Feb 6, 2023 • 105 Comments Revenues collapsed. Bankruptcy filing hangs over it. This is a money-suck. But hey, it incinerated $11.6 billion on share buybacks.
Falling Prices of Goods Push Down Retail Sales (as Inflation Shifted Massively to Services) by Wolf Richter • Jan 18, 2023 • 83 Comments Not seasonally adjusted, and despite the price drops, total retail sales and ecommerce sales hit records.
Retail Sales Hit by Price Drops in Durable Goods, Gasoline. But Sales Rose where Prices Rose: Restaurants, Grocery & General Merchandise Stores by Wolf Richter • Dec 15, 2022 • 33 Comments Unwound less than half the big jump in October, zig-zagging higher, which is why one month doesn’t make a trend.
No Landing Yet, Soft or Otherwise? Retail Sales Hit it out of the Ballpark, But Not All Retailers: By Retailer Category by Wolf Richter • Nov 16, 2022 • 126 Comments Restaurants and ecommerce in particular. But people are not flocking back to department stores suddenly, that was a myth.
