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jdv
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AUG 31, 05:34 PM
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Has anybody else been out shopping and noticed that the customer count is down. People don't have the money to spend. I work retail and this is the slowest labor day weekend I can remember.
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BingB
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AUG 31, 05:53 PM
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You can't see shoppers anymore. They are mostly online.
If you are interested in actual numbers check this out. from August. https://www.cnn.com/2024/08...ales-july/index.html
"Sales at US retailers unexpectedly surged in July, the Commerce Department said Thursday, rising by a solid 1% from the prior month, up from June’s downwardly revised 0.2% decline. That trounced economists’ expectations of a 0.3% gain.
Retail sales, which are adjusted for seasonal swings but not inflation, make up a sizable chunk of overall spending. July’s reading is a boon for the US economy because the country’s economic growth hinges on Americans spending their dollars."
"Sales jumped across most categories last month, rising the most at car dealerships, which likely reflects a rebound from the cyberattack on software systems that dealerships use earlier this summer. Those sales spiked by 3.6% in July. Excluding that category, retail sales were up by a still-strong 0.4% in July from June."
"Retail spending on electronics and at grocery stores also rose robustly last month, up by 1.6% and 1%, respectively. Americans also continued to spend at bars and restaurants at a healthy pace."
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jdv
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AUG 31, 06:45 PM
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The personal shoppers still get the product off the shelves or back room. The product is not moving.
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BingB
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SEP 01, 09:32 AM
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| quote | Originally posted by jdv:
The personal shoppers still get the product off the shelves or back room. |
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No they do not. With online shopping the product goes straight from a warehouse to a delivery truck. It never goes to a store.
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jdv
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SEP 01, 08:25 PM
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Then why Is Dollar General's down 26%
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Patrick
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SEP 01, 08:50 PM
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jdv
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SEP 02, 08:19 AM
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That my be true but they do hold the number two sales spot behind wally world, in some categories. The management team has a lot to do with how a individual is run.
My point being is that how slow it is in the stores with a holiday weekend upon us. I work retail in large stores and this is something I have noticed lately.
PEOPLE DON'T HAVE THE EXTRA CASH.
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BingB
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SEP 02, 11:55 AM
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| quote | Originally posted by jdv:
PEOPLE DON'T HAVE THE EXTRA CASH. |
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I realize that is your anecdotal opinion, but the government actually keeps track of consumer spending.
And it is going up, not down. Consumer confidence in the economy is stable.
https://www.mckinsey.com/in...e-of-the-us-consumer[This message has been edited by BingB (edited 09-02-2024).]
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jdv
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SEP 02, 02:27 PM
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What a novel idea to keep track of sales. The time frame in the link is five or six weeks." late July 2024 through the first week of August." The topic of the thread is"Labor day sales". I made an observation based on my experience in retail sales and you need to prove me wrong. why is that? When Bud light tanked you don't think we didn't see it on the retail end. What was ordered wasn't selling and adjustments had to be made.
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BingB
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SEP 02, 03:05 PM
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| quote | Originally posted by jdv:
What a novel idea to I made an observation based on my experience in retail sales and you need to prove me wrong. why is that? |
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Because you were wrong. When you post misinformation you should expect people to correct you.
Because so much shopping is done on line you can not possibly make any judgement on nationwide consumer spending based on how many people one person sees at one place on one day.
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