Advertise with fastmoving.co.za
 
 

RetailNext: Retail performance improves in 2014- USA
RetailNext: Retail performance improves in 2014- USA

RetailNext: Retail performance improves in 2014- USA

RETAILER NEWS

ChainStoreAge.com - Sep 11th 2014, 10:27

California – Retail performance has continued to improve throughout 2014. 

According to the RetailNext Composite Index analysing more than 15 million shopping trips across specialty and larger format retail stores within the U.S., the Consumer Confidence Index (CCI) rising for the fourth month is a positive sign for retailers going into fall season, and is reflected in uptick in conversion and sales per store of .4% and 4.2%, respectively.

In addition, Index data shows that although physical retailers experienced an average year-over-year decline of 7.9% across traffic, this translated to a less significant reduction in sales of 4%.

Looking at August 2014 performance, RetailNext found that the last two Saturdays in August, which fell close the back-to-school season, experienced the highest levels of traffic, transactions, and sales in the month.

Conversion and sales per store were highest on the 28th and 29th, prior to the back-to-school rush. Cool and less severe weather were experienced, supporting traffic and conversion rates for retailers.
From ChainStoreAge.com 

Related News

South African independent retailers win big at international awards in USA
06/03/2019 - 10:06
Two independent South African retailers have won the prestigious title of International Retailer of the Year (South Africa) at the 2019 IGA International Retailers of the Year awards.

SA consumers mark longest pessimistic streak in more than three decades
31/01/2018 - 11:59
South African consumers have remained pessimistic for the past three years, a First National Bank sponsored survey released on Wednesday morning showed.

Toys R Us bankruptcy results in 26 UK outlets being shut
04/12/2017 - 17:30
Toys R Us plans to shut at least 26 UK stores, as the retailer goes through bankruptcy proceedings in the US.

Consumers more cheerful in the third quarter
09/12/2016 - 12:22
South African consumers cheered up a bit in the third quarter, but remained pessimistic, according to a recently released poll.

New York grocer reaches out to customers
05/07/2016 - 14:07
With 15 regional stores, New York-based Fairway Market needs to compete with larger rivals on quality of experience.