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Retail Lobby: “We Lied About Organized Theft”

Barry Ritholtz

billion in retail inventory losses in 2021 was not “attributable to organized retail crime.” That line is just another in a long series of falsehoods put forth by the professional b *s at the National Retail Federation. This costs retailers anywhere between $15-20 billion annually in the US. No, “ nearly half ” of $94.5

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Projection Forecasts Stable New Vehicle Retail Sales For November

PYMNTS

Power and LMC Automotive forecasts that new vehicle retail sales for November 2020 will drop slightly from the same month the prior year, according to a Wednesday (Nov. Retail sales for new automobiles are forecast to be 1.04 Retail sales for new automobiles are forecast to be 1.04 A joint outlook from J.D.

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Retail Sales Numbers Predict A Cruel April

PYMNTS

Department of Commerce released its retail sales results for March, showing record-setting declines due to changes in consumer behavior and the COVID-19 lockdown. With some analysts estimating a 4 to 24 percent drop the number was surprisingly low. Overall sales fell 8.7 percent from March, the biggest decline since 1992.

Numbers 52
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25K Store Closures Forecast Amid Pandemic

PYMNTS

Coresight Research , a global research company, said the record number of closures is expected to exceed the more than 9,300 locations shuttered in 2019, CNBC reported. The latest numbers from the New York-based research group exceeds its earlier forecast of 15,000 retail closings this year.

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Record Retail Sales Forecast For ‘Super Saturday’

PYMNTS

Retail analysts expect this year’s Super Saturday to surpass all other days in 2019. The president at retail consultancy Customer Growth Partners, Craig Johnson, said he expects that day to see spending of around $34 billion this year. .

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Investors Cool on Internet-of-Things Startups, a Tech Conduit for Retailers

CFO News Room

Slumping markets have investors pulling back from funding startups that make internet-connected devices for retailers, threatening to choke an innovation pipeline for emerging tools like smart shopping carts and inventory management robots. s retail insights division. Newsletter Sign-up. WSJ | CIO Journal. from 2021 to $188.2

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Retail Bankruptcies On Track This Year To Hit 2010 Levels

PYMNTS

Brick-and-mortar retailers felt the pain at exaggerated levels due to the pandemic, according to the bi-annual BDO Bankruptcy Update. That means the year is on pace to rival the 2010 numbers during the Great Recession. The number of Chapter 11 filings is up 26 percent from last year.

Retail 107