December sales drop over 2% at small retail businesses despite traffic bump
Even at the holidays shoppers prioritized essentials, and inflation-adjusted discretionary sales at smaller stores fell 1.8% year on year, per Fiserv.
Related Articles
Designer Brands brings together US, Canada retail businesses
The combined entity will give a “streamlined reporting structure,” and enable collaboration. Meanwhile, the retailer posted flat Q4 sales and a comps drop.
Dollar Tree traffic declines, again
CEO Mike Creedon attributed the traffic declines to the retailer’s restickering efforts, which the executive said are largely complete.
The Backroom: Consumer resilience in trying times
Katie Thomas of the Kearney Consumer Institute talks about nuances in the K-shaped economy that help explain why discretionary retail sales have remained strong despite…
Home Depot beats Q4 expectations even as housing market remains challenged
While larger discretionary projects remain under pressure, the retailer comped positively in eight of its 16 merchandising departments.
Dick’s pulls back on Foot Locker closures amid store pilot success
A new format is performing so well that Dick’s plans to expand it to 250 Foot Locker stores by this fall — and will shutter…