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Retail Lobby: “We Lied About Organized Theft”

The Big Picture

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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Retail as a Service

The Big Picture

I want to float a new concept to CRE owners: Retail as a Service (RaaS). Not just the upper floors that tenants rented, but the ground floor retail as well.2 A fully occupied office tower could be counted on to provide enough foot traffic to support a retail store, coffee shop or restaurant.

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Retail Sales Increased 0.4% in October

Calculated Risk

On a monthly basis, retail sales increased 0.4% retail and food services sales for October 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $718.9 This graph shows retail sales since 1992. Retail sales ex-gasoline was up 0.4% percent from October 2023.

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Retail: October Seasonal Hiring vs. Holiday Retail Sales

Calculated Risk

Every year I track seasonal retail hiring for hints about holiday retail sales. At the bottom of this post is a graph showing the correlation between October seasonal hiring and holiday retail sales. Here is a graph of retail hiring for previous years based on the BLS employment report: Click on graph for larger image.

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Friday: Retail Sales, Industrial Production

Calculated Risk

Friday: • At 8:30 AM ET, Retail sales for October will be released. increase in retail sales. Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. The consensus is for a 0.3% Also at 8:30 AM, The New York Fed Empire State manufacturing survey for November. The consensus is for a reading of 3.5,

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Grinch: Ignore Black Friday Retail Forecasts

The Big Picture

It’s Black Friday and you know what that means: Lots of promotional sales and lots of holiday retail spending forecasts. Holiday retail sales have averaged an increase of 4.9% The post Grinch: Ignore Black Friday Retail Forecasts appeared first on The Big Picture. billion and $960.4 Last year’s holiday sales grew 13.5%

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The Big Four Recession Indicators: Real Retail Sales Up 0.4% in October

Advisor Perspectives

Nominal retail sales in October were up 0.40% month-over-month (MoM) and up 2.85% year-over-year (YoY). However, after adjusting for inflation, real retail sales were up 0.15% MoM and up 0.27% YoY.

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