#RetailSales

[theglobalcommonsnews]

Retail sales show strong growth in October as consumers continue to spend, signaling economic resilience.

[cambcurrencies]

UK GDP Contraction and U.S. Retail Sales in Focus Today

Market Comment: November 15, 2024 Today the markets are reacting to the UK’s GDP numbers that indicate a slight contraction in September. They fell by 0.1% month-on-month and by 0.1% quarter-on-quarter for Q3. In the U.S., retail sales data for October is due later today. Followed by speeches from ECB Lane and further from the FED in the US. Get a Free Quote Key Data Out Today 07:00 GBP: UK…

[swiftnliftnewsandarticle]

What are reliable economic indicators?

Leading Indicators

Stock Market Performance: Predicts future economic conditions based on investor confidence.

Manufacturing Orders: Indicates future production and business investment.

Consumer Confidence Index (CCI): Measures consumer sentiment and future spending.

Building Permits: Reflects future construction activity.

Average Weekly Hours Worked in Manufacturing: Signals changes in labor demand.

Coincident Indicators

1.Gross Domestic Product (GDP): Measures overall economic activity.

2. Employment Levels: Reflects job creation and economic strength.

3. Industrial Production: Measures output in manufacturing, mining, and utilities.

4. Personal Income: Indicates earnings and consumer spending power.

Lagging Indicators

1.Unemployment Rate: Shows the percentage of unemployed job seekers.

2. Consumer Price Index (CPI): Measures inflation through changes in consumer goods prices.

3. Corporate Profits: Indicates business profitability.

4. Interest Rates: Reflects borrowing costs and monetary policy.

5. Business Inventories: Measures the value of goods held by businesses.

Composite Indicators

1.Leading Economic Index (LEI): Combines leading indicators to predict trends.

2. Purchasing Managers' Index (PMI): Reflects economic health of manufacturing and services.

Using a mix of these Economic indicators provides a comprehensive view of the economy's health and trends.

For more information>>

[trader-sg112]

Wall Street Futures Edge Higher Amid Political Speculations; Asian Markets React to China's Economic Data

In Asian trading, Wall Street futures showed mild positivity, driven by speculations regarding the implications of an attempt on Donald Trump's life for the upcoming 2024 presidential race. Trump is poised to appear at the 2024 Republican convention this week, where he is expected to be officially declared the party's presidential nominee.

Meanwhile, Chinese markets exhibited a flat performance, with the Shanghai Shenzhen CSI 300 and Shanghai Composite indexes trading choppily. In contrast, Hong Kong's Hang Seng index fell by 1.1% due to disappointing GDP figures. China's GDP growth for the second quarter was recorded at 4.7% year-on-year, falling short of expectations primarily due to weak consumer spending and demand. This downturn overshadowed the progress seen in industrial production and manufacturing activities.

Adding to the concerns, underwhelming retail sales data for June highlighted issues such as slowing economic growth, high unemployment, and a property market slump, prompting Chinese consumers to reduce their spending further. Attention is now focused on the Third Plenum of the Chinese Communist Party, commencing later on Monday. This significant meeting of top Chinese officials will be scrutinized for potential announcements on economic stimulus measures.

The broader Asian market sentiment was also affected by concerns surrounding China's economic outlook, leading to a 0.1% drop in South Korea's KOSPI index. However, futures for India's Nifty 50 index suggested a slightly positive opening, as the index continued to reach new highs fueled by optimism over Indian economic growth.

[aliciashontawearfashion]

AliciaShonta's Insights: From a Sales Manager, POV

AliciaShonta's Insights: From a Sales Manager, POV. "How to build confidence as a salesperson? Visit my website to complete your Client Profile. #performance #metrics #KPI #sales #leader #management #leadership #keyholder #clients #trust #confidence

How to build confidence as a salesperson? Editor, Writer: AliciaShonta, CEO of AliciaShonta Fashion House (ASFH) July 2024 ” The amount of effort, time, and dedication you invest in something directly influences the results you achieve. Whether it’s work, relationships, or personal goals, the more you put in, the more you get out of it.” The first step to becoming a confident salesperson is…

[gqresearch24]

Carvana Surges On Strong Forecast For Retail Sales And Core Profit

(Source-jetcityimageiStock Editorial via Getty Images)

Carvana, the online platform for buying and selling used cars, experienced a significant surge in its stock price, soaring nearly 30% in extended trading on Wednesday. The surge came after the company issued an upbeat forecast for current-quarter retail sales and core profit, defying market expectations.

Carvana’s optimistic outlook comes amid a backdrop of high interest rates, prompting consumers to seek deals on second-hand cars rather than purchasing new vehicles. This shift in consumer behavior has bolstered demand for used cars, driving growth in Carvana’s retail sales.

Carvana’s Financial Performance and Market Impact

Carvana’s robust performance has propelled its shares to new heights, with a short interest of 27% of free float. The stock has surged approximately 65% year-to-date, following an impressive 11-fold increase last year. The surge in its stock price is poised to increase the company’s market capitalization by about $5 billion, adding to its already substantial value.

The used-car retailer anticipates a sequential increase in adjusted core profit and a higher growth rate in retail units for the second quarter, defying analysts’ expectations of a 2.6% decline in retail sales from the previous year. This unexpected forecast underscores Carvana’s confidence in its ability to sustain growth and profitability in the current market environment.

Financial Performance Highlights

Carvana’s strong financial performance in the first quarter exceeded analysts’ estimates, with revenue reaching $3.06 billion, surpassing expectations of $2.89 billion. Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) totaled $235 million, significantly outperforming analyst projections. The company reported a first-quarter profit of $49 million, surpassing analysts’ estimates.

Despite the overall positive outlook for used-car sales, market conditions remain dynamic. The total supply of unsold used vehicles on dealer lots across the United States increased by 9% in March compared to the previous year, according to market research firm Cox Automotive. These trends underscore the importance of companies like Carvana in meeting evolving consumer demands and market dynamics.

Comparison with Competitors

In contrast to Carvana’s strong performance, its rival CarMax recently missed analysts’ estimates for fourth-quarter results and expressed uncertainty about meeting its long-term vehicle sales target. This divergence highlights Carvana’s ability to adapt to changing market conditions and capitalize on emerging opportunities in the used-car retail sector.

Carvana’s impressive financial results and optimistic outlook demonstrate its resilience and agility in navigating challenging market conditions. As the company continues to expand its presence and offerings in the used-car retail market, investors remain optimistic about its growth prospects. However, ongoing market dynamics and competition underscore the need for continued vigilance and strategic execution to sustain long-term success.

[phonemantra-blog]

Jaguar Land Rover (JLR), the renowned British luxury car manufacturer owned by Tata Motors, has concluded a remarkable financial year (FY) in India. FY 2023-24 witnessed JLR achieve its strongest sales performance in the Indian market over the past five years. Impressive Year-End Figures Cap a Year of Growth JLR reported a total of 4,436 units retailed in India during the period of April 2023 to March 2024. This translates to a significant year-on-year (YoY) sales growth of 81%, highlighting a robust demand for Jaguar Land Rover vehicles in the Indian luxury car segment. Notably, the final quarter of FY 2023-24 proved particularly successful, with JLR retailing a strong 854 units. Jaguar Land Rover Land Rover Models Spearhead JLR's Growth While specific sales figures for individual models haven't been disclosed, JLR has revealed that the Land Rover brand played a pivotal role in driving its Indian sales success. The iconic Land Rover Range Rover, the brand's flagship SUV, emerged as a top performer, experiencing a staggering 160% YoY growth in retail sales. The Land Rover Defender, known for its off-road prowess, wasn't far behind, achieving an impressive 120% YoY sales increase. Continued Demand for Established Models JLR's other established Land Rover models also enjoyed healthy growth in FY 2023-24. The 2024 Land Rover Discovery Sport witnessed a 50% YoY increase in sales, while the smallest SUV in the Land Rover lineup, the Range Rover Evoque, saw a 55% YoY rise in customer demand. These figures demonstrate the enduring appeal of Land Rover vehicles among Indian luxury car buyers who value a combination of style, performance, and capability. A Look at JLR's India Strategy in FY 2023-24 While the Jaguar brand experienced a quieter year in terms of new launches, Land Rover kept the momentum going with strategic product introductions and updates. In July 2023, the facelifted Range Rover Velar arrived in Indian showrooms, offering a refreshed design and enhanced features. Later in the year, December 2023 saw the introduction of the powerful V8-powered variants of the Range Rover Sport, catering to performance enthusiasts. JLR capped off the financial year with the launch of the updated Discovery Sport and Evoque in the final quarter. These updates included subtle cosmetic enhancements and minor feature upgrades, ensuring these popular SUVs remained competitive in the Indian market. The Current Jaguar Land Rover Portfolio in India For Indian car buyers seeking a taste of Jaguar luxury, the current model lineup comprises three offerings. The F-Pace SUV blends performance and practicality, while the all-electric I-Pace SUV caters to environmentally conscious drivers. For those seeking a thrilling driving experience, the iconic F-Type sports coupe remains available, although rumors suggest its discontinuation in India soon. Land Rover, on the other hand, boasts a more extensive presence in India with over five SUVs available, including the prestigious Range Rover lineup. Land Rover vehicles cater to a diverse range of needs and preferences, with price points starting from Rs 67.90 lakh and extending to a staggering Rs 4.47 crore for the top-of-the-line models. FAQs Q: What was the overall sales growth achieved by JLR in India for FY 2023-24? A: JLR witnessed an impressive year-on-year (YoY) sales growth of 81% in India during FY 2023-24. Q: Which Land Rover models were the top performers in terms of sales growth in FY 2023-24? A: The Land Rover Range Rover and Defender emerged as the leaders, with a YoY sales growth of 160% and 120% respectively. Q: What new models did JLR launch in India during FY 2023-24? A: Land Rover launched the facelifted Range Rover Velar, the V8-powered Range Rover Sport variants, and the updated Discovery Sport and Evoque in India during FY 2023-24.

[usnewsper-business]

Market Rollercoaster: Asian Stocks, Oil, and Gold React to Middle East Tensions #Asianmarkets #australiandollar #buildingapprovals #globaltrade #goldprices #HangSengIndex #Kospi #MiddleEasttensions #Nikkei225 #oilprices #politicalrisks. #retailsales #ShanghaiComposite #ShenzhenComponent

[amyrasheldon]

Discover how leveraging AI-driven customer insights can revolutionize retail sales strategies, leading to increased revenue and customer satisfaction.

[usnewsper-politics]

Controversial Comment on Washington D.C. Sparks Concerns for Retail Sales #retailsales #WashingtonD.C.

[grovaleulers-businesscoach]

Groval Euler’s- Retail Sales Transformation Project For A Health And Wellness Company

The retail sales landscape is constantly changing, with growing expectations of both B2B and B2C consumers. We had the mandate to build the sales capabilities of a young sales team working through a B2C model to sell health, nutrition and wellness services. A long-term roadmap was drawn to make the transformation project. The scope of the Sales Team training and capability building are outlined below Learn More:- https://grovaleulers.com/groval-eulers-retail-sales-transformation-project-for-a-health-and-wellness-company/

[cambcurrencies]

UK Retail Sales Growth Beats Expectations in September 2024

Market Overview: October 18, 2024 Today’s market focus is centered around UK retail sales and U.S. housing data. Additionally energy prices and metals show some notable shifts. Get a Free Quote Key Data Points UK Retail Sales (MoM) for September increased by 0.3%, beating the forecast of a 0.3% drop. Year-on-year, sales rose by 3.9%, showing resilience despite prior concerns of a…

[magtecbusinesssolutions]

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[nithurdp]

Weekly Overview: Chinese data still not convincing as to a recovery

In this week's overview, Chinese economic data is still not providing convincing evidence of a robust recovery. Despite various stimulus measures and efforts to bolster economic activity, key indicators are showing mixed signals. Industrial production and exports have exhibited some growth, indicating a partial rebound in manufacturing and international trade. However, retail sales and consumer spending remain subdued, reflecting ongoing challenges in the domestic consumption sector. Additionally, concerns over a property market slowdown continue to weigh on investor sentiment. As China's economic growth is closely watched by global markets, the lack of strong signals for a full recovery raises questions about the country's economic trajectory and its potential impact on the global economy.

[friendsjob]

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