E-commerce continues to drive sales at many retailers, and the
intellectual property associated with retailers embracing omni-channel
has gained value. Total retail sales are up compared to last year and
have increased every month through September 2016. Holiday sales
projections are also positive, despite many well-known retailers
liquidating stores. While some department stores and specialty retailers
are closing, off-price retailers continue to grow.
ADAPTING TO A NEW REALITY
Through Q2 2016
ROCK BOTTOM BARGAINS BUILD A FOUNDATION FOR OFF-PRICE
Off-price retailers continue to expand their store base as consumers hunt for deals.
25 OPENED 9 OPENED 14 OPENED 6 OPENED 4% OFF-PRICE DOMESTIC SQUARE FOOTAGE
PROJECTED IN 2016
TOTAL HOLIDAY SALES
RINGING IN THE SEASON
Holiday retail sales are expected to rise
this year, with e-commerce growth
outpacing total growth by at least twofold.
Source: National Retail Federation
E-commerce continues to be a bright
spot in the overall retail picture, taking
an ever-larger percentage of sales.
2015 2016 2016 2016
E-commerce growth year-over-year
E-commerce, as a percentage of total retail sales* 10.9% 11.2%
15.1% 15.5% 15.7% 15.8%
Q4 Q1 Q2 Q3
*Excluding gas and auto
Source: U.S. Commerce Department