Tag Archives: Retail Sales

US retail sales post biggest gain in six months

Retailers Hope Post-Christmas Sales Will Save Bottom Line

(Source: CNBC, Reuters |June 14, 2018) U.S. retail sales increased more than expected in May as consumers bought motor vehicles and a range of other goods even as they paid more for gasoline, the latest indication of an acceleration in economic growth in the second quarter. The Commerce Department said on Thursday retail sales jumped 0.8 percent last month, the ...

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Fragile Hong Kong retail sales recovery continues


(Source: Inside Retail Asia |  August 3, 2017) Bad weather failed to spoil the fragile recovery of Hong Kong retail sales in June. According to preliminary data issued by the Census and Statistics Department, the total value of retail sales for the month reached $33.7 billion, up a mere 0.1 percent over the same month in 2016. Some analysts were ...

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Retail sector cashes in on Valentine’s Day

Valentines Manila

(Source: Inquirer.net | 09 February 2017) While February is generally considered a “slack month” for business, brisk sales are expected days leading up to the occasion most lovers look forward to each year. Robert Go, president of the Philippine Retailers Association (PRA) in Cebu, said flower shops are seen to be extremely busy accepting orders and making deliveries on Feb. 14, ...

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Vietnam’s retail sales leap to US$118 billion


(Source: Retail in Asia | 11 January 2017) The General Statistics Office has estimated Vietnam’s 2016 retail revenue at US$118 billion, a 10.2% rise over the previous year. This revenue growth rate was relatively high compared to other markets in the region. Notably, food and foodstuff sales increased by 13%, followed by household appliances with 11.4% and textiles and garments ...

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China’s retail growth slowing


(Source: The Standard | 14 November 2016) China’s retail sales growth slowed to 10 percent on-year in October, government data showed Monday, missing expectations in a worrying sign for domestic demand in the world’s second-largest economy. October’s industrial output growth matched the previous month’s figure at 6.1 percent, the National Bureau of Statistics said, also slightly below forecasts in a ...

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UK retail sales likely to have rebounded in July


(Source: EconoTimes | 17 August 2016) UK retail sales might have rebounded in July. The gloominess regarding the shock effect of the Brexit vote on the UK economy has been concentrated mostly on the July PMI surveys that create a composite PMI, which indicates towards a sharp decline in the GDP growth. This is largely credible; however, the degree of ...

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Philippine retail sales grow

Woman Holding Colored Shopping Bags In A Mall In Her Hand

(Source: Inside Retail Philippines | 23 May 2016) Philippine retail sales in March rose 1.1 per cent year-on-year and 0.4 per cent month-on-month. During the first quarter, retail sales averaged 1 per cent, up from the average 0.7 per cent in the fourth quarter of 2015. Earlier in the year, Bangko Sentral ng Pilipinas noted that the wholesale and retail ...

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South Korean retail sales rebound

Myeongdong Market in Seoul South Korea.

(Inside Retail Asia | 8 April 2016) South Korean retail sales showed distinct signs of recovery in March. According to finance ministry data, combined sales at department stores run by Hyundai Department Store, Lotte Shopping and Shinsegae Co rose 4.8 per cent year-on-year in March. That followed a decline of 1.9 per cent in February, which officials then attributed to ...

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Hong Kong retail sales slump 20.6 per cent

Woman Holding Colored Shopping Bags In A Mall In Her Hand

(Source: Inside Retail Asia | 31 March 2016) Hong Kong retail sales tumbled a massive 20.6 per cent in February, the biggest fall since 1999. Even after taking into account the timing of Lunar New Year, the decline for the first two months was 13.6 per cent compared with January and February 2015. The Census and Statistics Department (C&SD) says total ...

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Philippine retail sales surge


(Source: Inside Retail Asia | 10 March 2016) Philippine retail sales soared 6.3 per cent in the last quarter of 2015 – more than three times faster than the same period a year earlier. According to data from the Philippine Statistics Authority, the retail trade growth was more than three times the rate of the same period of 2015, when ...

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