Analysis and Commentary - Retail Sales - The United States - August 2023
Paul Young
Experience Senior Financial Planning, Analysis and Reporting SME seeking P/T or F/T job.
Summary:
The numbers: Sales at U.S. retailers rose 0.6% in August despite a hangover for internet stores after the Amazon Prime Day event, but most of the increase was tied to higher gasoline prices.
Sales had been forecast to rise just 0.1% last month after solid gain in July, when Amazon AMZN, -1.10% recorded its biggest day of sales ever. Other retailers also held sales and saw strong activity that month.
Retail sales represent about one-third of all consumer spending and usually offer clues on the strength of the economy.
While consumer spending has been surprisingly strong this year, higher interest rates and a slowdown in hiring are expected to restrain purchases in the months ahead. Millions of Americans also have to start paying back their student loans.
Forecasters predict the holiday shopping season could be the weakest in five years.
Key details: Sales at internet retailers were flat last month after a 1.5% gain in July. Shoppers scaled back after buying lots of stuff around Amazon Prime Day.
Source - https://finance.yahoo.com/news/stocks-open-higher-after-retail-sales-ppi-data-stock-market-news-today-112051185.html or https://www.marketwatch.com/story/retail-sales-climb-fifth-month-in-a-row-but-mostly-due-to-higher-gas-prices-b7bfbb82
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As a Customer Success Management and CPA, I can provide additional information on the challenges the retail sector is facing:
Margins and sales continue to be a challenge for many enterprises. A business review of data including health check of reports along with the budget, forecasting, costing, capital, cash flow, demand, capacity, and HR planning may find ways to increase profits by product, facilities, and geographies.
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Here are links that can assist with your data and AI journey as part of your planning, forecasting, budgeting, capital planning, cash flow forecasting, analysis, activity-base costing, demand planning, capacity planning, HR planning, and reporting cycles (operational, management, and regulatory):
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Stock market - Blog – Stock Market for the week-end September 1, 2023 - https://www.slideshare.net/paulyoungcga/stock-market-analysis-and-commentary-for-we-september-2-2023pptx
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Key Environmental Areas – https://www.dhirubhai.net/posts/paul-young-055632b_7-environmental-factors-for-esg-reporting-activity-7071476082784276480-EYDt?utm_source=share&utm_medium=member_desktop ?
Scenario Planning - ?https://www.dhirubhai.net/posts/paul-young-055632b_6-ways-scenario-planning-is-essential-for-activity-7086384141918752768-P7cE?utm_source=share&utm_medium=member_desktop
GAP Analysis https://www.slideshare.net/paulyoungcga/how-gap-analysis-can-better-support-business-decisions
ESG reporting Standards? - https://www.dhirubhai.net/posts/paul-young-055632b_esgreporting-esgreporting-issbstandards-activity-7079823962368606208-NVac?utm_source=share&utm_medium=member_desktop ? ?
Blog – How to streamline the Close Consolidate and Reporting Cycle - https://www.dhirubhai.net/posts/paul-young-055632b_how-to-streamline-the-close-consolidate-and-activity-7103030891395907584-Ne_W?utm_source=share&utm_medium=member_desktop
Data Management - https://www.slideshare.net/paulyoungcga/how-to-solve-data-management-isuses-for-both-the-private-and-public-sectorspptx-257454162 ??
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