retail sales

TriumphPay expects another year of depressed freight rates

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TriumphPay’s CPO expects another year of depressed freight rates

(Image: FWTV)

On Monday’s The...

https://www.freightwaves.com/news/triumphpay-expects-another-year-of-depressed-freight-rates

What inflation? Shoppers log on and set e-commerce sales records

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Deals galore trumped inflation as shoppers logged on Friday in search of bargains. Online Black...

https://www.freightwaves.com/news/what-inflation-shoppers-log-on-and-set-e-commerce-sales-records

Peak season is upon us — what’s different this year?

Peak season isn’t what it used to be.

For decades, retailers had an idea of what to expect around the holidays: a short but massive plateau in volume and supply chains that (for the most part) were expected to run smoothly.

When COVID-19 hit, it changed everything. Peak season got even longer, demand got even stronger and supply chains were thrown completely out of whack.

But even in the new normal of peak season, there will always be some nuances from year to year, and 2022 is no different.

One...

https://www.freightwaves.com/news/peak-season-is-upon-us-whats-different-this-year

Inflation-weary consumers are still spending online, just not as much

A news ticker displays inflation number in Times Square

Stephanie Stuckey is part of a lengthy line of family executives, yet the CEO of convenience store chain Stuckey’s has been leaning on some old advice from her grandfather to get through the current economic environment.

In a LinkedIn post a few weeks ago, Stuckey recounted a relative’s wisdom of the $5 rule.

“My grandfather had a strategy for managing high prices at the pump,” she wrote. “Whenever it cost Stuckey’s customers more than $5 to fill up their tank, that was the tipping point when...

https://www.freightwaves.com/news/inflation-weary-consumers-are-still-spending-online-just-not-as-much

Retail slump? E-commerce sales still ‘stunning,’ clothing ‘crazy hot’

Booming U.S. demand has played an outsized role in container shipping’s unprecedented bull run. A plunge in consumer demand and import orders will have a highly negative effect on shipping rates.

Surging inflation and a 0.3% decline in May sales versus April have spurred headlines on a retail “slump.”

To put the latest figures in context for container shipping, American Shipper interviewed Jason Miller, associate professor of supply chain management at Michigan State University’s Eli Broad...

https://www.freightwaves.com/news/retail-slump-e-commerce-sales-still-stunning-clothing-crazy-hot

The state of last mile amid slowing e-commerce demand

White delivery van on highway

The challenges of the past few years have strained last-mile delivery networks. And just as they have started maturing with new entrants and efficiencies unlocked, e-commerce started slowing from its pandemic roll. Where exactly it stops, no one is quite sure, but last-mile providers don’t have time to wait. They must service the now and build for the future.

“Last-mile capacity still feels tight,” Jay Sackos, vice president of business development for Dolly, told Modern Shipper. Dolly...

https://www.freightwaves.com/news/the-state-of-last-mile-amid-slowing-e-commerce-demand

Retail boss warns on supply chain, likens demand risk to ‘Big Short’

supply chain

Some quarterly calls by public companies are basically worthless, featuring analysts lobbing softball questions to CEOs who cherry-pick facts to pump their own stock.

And then there was Tuesday afternoon’s call hosted by Gary Friedman, CEO of luxury home furnishings brand RH (NYSE: RH), formerly known as Restoration Hardware.

Friedman — with what one analyst called “brutal honesty” — expounded upon supply chain woes, surging ocean freight rates, soaring inflation and a sudden plunge in consumer...

https://www.freightwaves.com/news/retail-boss-warns-on-supply-chain-compares-demand-risk-to-big-short

Retail sales fall, tougher regulation on tech stars, while Ukraine threats weigh on sentiment

Susannah Streeter

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:

‘’The pain of higher prices is already hurting with UK retail sales retreating in February. With the cost of living squeeze intensifying, shoppers have kept a firmer grip on their purses. The bad weather didn’t help, with heavy rain and gales keeping crowds away from the high street. The easing of restrictions did provide some bounce for fashion retailers, as new outfits were purchased for long...

https://allaboutshipping.co.uk/2022/03/25/retail-sales-fall-tougher-regulation-on-tech-stars-while-ukraine-threats-weigh-on-sentiment/

Survey: 73% of warehouse operators can’t find enough labor

warehouse operators in search of workers

The massive surge in volumes and the ongoing labor shortages in the U.S. have many warehouse and distribution center managers concerned.

According to a new survey from Instawork, which provides flexible staffing to businesses of all types including those in the warehouse and distribution, 75% of light industrial businesses don’t feel fully prepared for 2022, and 60% struggled to keep pace with increased demand last year. The report, the State of Warehouse Labor: Staying Flexible in 2022, found...

https://www.freightwaves.com/news/survey-73-of-warehouse-operators-cant-find-enough-labor

Brick and mortar’s comeback story?

Q3 retail sales remain strong

The death of the retail store seems to be overexaggerated. Third-quarter retail sales from the Census Bureau, released last week, suggest strength in in-person shopping in the quarter and a slight slide in e-commerce market share.

In an analysis of the data, Jason Miller, associate professor at Michigan State University’s Eli Broad College of Business, dug into the data and concluded while pure-play e-commerce retailers are thriving, for those retailers with physical stores, their e-commerce...

https://www.freightwaves.com/news/brick-and-mortars-comeback-story

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