Monday, January 7, 2019

US retail recovery under new scrutiny on Wall Street

Financial Times
The strength of the recovery in the US retail sector is under new scrutiny in spite of record-breaking holiday sales, as data show sliding footfall in stores, slowing rental growth at malls and stuttering demand for consumer electronics.

For the second festive period in a row, the number of consumers shopping in stores fell 3 per cent year-on-year, according to retail analytics group ShopperTrak, as millions of Americans opted to buy gifts online. . . . more