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The Office for National Statistics (ONS) reported a strengthening of year-over-year retail sales growth to 7.2% in April, with a 7.4% increase in volumes.
This week, we look at China’s slowing economic growth.
US store traffic declined 5.0% year over year in April. The conversion rate advanced 0.1 percentage points, average transaction value (ATV) fell 3.2% and the product return rate was flat year over year.
Total US retail sales excluding gasoline and automobiles increased 5.1% year over year in April, strengthening from the revised 0.9% year-over-year rise in March. A late Easter pulled some spending from March into April.
Farfetch’s 1Q19 revenues grew 38.6% to $174.1 million, beating the $171.1 million consensus estimate, primarily driven by 43.2% growth in Platform Services Revenue to $141.8 million.
Ralph Lauren reported fiscal 4Q19 adjusted EPS of $1.07, above the $0.89 consensus estimate.
Costco’s same-store sales growth beat the consensus estimate. Its e-commerce segment continued to post strong growth.
Revenue increased vs last year but missed expectations. Successful China initiatives have led to increased brand awareness and new store openings in China are planned across multiple brands.
Double Digit Growth in Asia-Pacific and 16% in China Drive Operating Margin Expansion
US saw retail sales growth in most sectors with major uplift in home-improvement in March.
The Office for National Statistics reported a strengthening of retail growth to 4.4% year over year in March, supported by a 4.0% increase in volumes. Growth was supported by a reported 8.9% increase in sales at small retailers.
US store traffic declined 7.9% year over year in March. Year over year, the conversion rate fell 0.4 percentage points, average transaction value (ATV) grew 3.3% and the product return rate decreased by 0.3 percentage points.
Costco’s same-store sales growth showed a sequential strengthening, led by strong store traffic. Its e-commerce segment continued to post strong growth
Total retail sales excluding gasoline and automobiles increased 2.7% year over year in February 2019, a substantial slowing from the revised 4.9% year-over-year increase in January.
The 4–5–4 US retail calendar is a guide to the fiscal year ending February 1, 2020. The calendar, used by many US retailers, ensures comparability between years by dividing the year into months based on a 4-weeks–5-weeks–4-weeks format.
