#retail sales report: 0.8% drop vs. January | Tom McGee ... - LinkedIn

January’s #retail sales report showed a shift in #consumer behavior following a robust holiday shopping season. In a recent article from Shelley E. Kohan at…

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#retail Sales Report: 0.8% Drop Vs. January | Tom McGee ... - LinkedIn

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January’s #retail sales report showed a shift in #consumer behavior following a robust holiday shopping season. In a recent article from Shelley E. Kohan at…

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Tom McGee On LinkedIn: Retail Sales Slow. Cold Weather And …

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Following the release of January’s #retail sales report, Sabrina Escobar at Barron's detailed the 0.8% drop and how #consumers are shifting their spending… Tom McGee on LinkedIn: Retail …

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ICSC CEO Tom McGee On Retail Sales | ICSC Posted On The Topic

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Report this post January’s #retail sales report showed a 0.8% decline. At the same time, the industry is benefitting from healthy occupancy rates and overall demand for brick-and-mortar …

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Retail Sales Drop. What Was Behind The Surprise Fall. - MSN

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Retail sales dropped 0.8% from December, a steeper decline than economists’ forecast for a 0.1% dip. December’s sales were revised down to a 0.4% gain from 0.6%. Still, spending was …

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Tom McGee On LinkedIn: Fiscal Retail Sales Up 9.4% Surpassing …

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Report this post Consumers have shown impressive resilience in the first month of 2023, with January’s retail sales report reflecting a notable increase despite challenges like inflation.

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Core Retail Sales Rise In January In Every Category

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Feb 15, 2023 · Overall retail sales in January as reported by the U.S. Census Bureau were up 3% from December. S ales at restaurants and bars jumped 7.2% in January, the biggest increase …

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FAQs about #retail sales report: 0.8% drop vs. January | Tom McGee ... - LinkedIn Coupon?

How will January's retail sales report affect retail sales?

January’s retail sales report is expected to show that while they have tightened their belts, they kept buying in the new year. Economists are expecting retail sales will drop by 0.1% from the prior month, according to FactSet consensus estimates. That follows a 0.6% increase in December. The data are due at 8:30 a.m. Eastern on Thursday. ...

Why are economists not worried about retail sales in January?

Why Economists Aren’t Worried. A mericans were happy to shop their way through the holiday season. January’s retail sales report is expected to show that while they have tightened their belts, they kept buying in the new year. Economists are expecting retail sales will drop by 0.1% from the prior month, according to FactSet consensus estimates. ...

Will cold weather hurt January retail sales?

Cold Weather, Rates, Likely Hurt January Retail Sales. Why Economists Aren’t Worried. While spending is expected to have fallen from December, experts see underlying strength in consumer demand. ...

Are seasonal adjustments dragging on government sales figures?

Unfavorable seasonal adjustments may also drag on the sales figure the government reports, noted Michael Gapen, a U.S. economist at BofA Securities. The Census Bureau frequently tweaks the way it adjusts for seasonality, and the current methodology likely helped pad December’s report—at the cost of January’s figures, he added. ...

Will retail sales print be softer in January?

“Consumption overall should remain generally supported as long as the labor market holds up and incomes are increasing, but we expect a softer retail sales print in January,” wrote Gisela Hoxha, an economist at Citi. There are a couple of factors that experts believe weighed on spending. ...

Why did car sales fall 7% in January?

Sales of cars and light trucks fell about 7% in January from December, according to data from the Bureau of Economic Analysis. Unfavorable seasonal adjustments may also drag on the sales figure the government reports, noted Michael Gapen, a U.S. economist at BofA Securities. ...