Report: Retailers see 7.3% decrease in sales in BTS season
SAN JOSE, Calif. — Retail analytic company RetailNext on Friday announced its monthly Retail Performance Pulse, showing a 7.3% year-over-year decrease in sales and a 9.9% decline in traffic at physical stores for August.
Retailers should not be surprised, according to Shelley Kohan, vice president of retail consulting at RetailNext.
"It not only continues the well-established trend retailers have seen this year, but it also reflects the changing nature of shoppers and their new shopping journeys," Kohan said.
But in-store shoppers are buying at a higher rate, according to increases in conversion and average transaction value.
A number of factors contributed to the dip in in-store retail, including a late Labor Day and a dip in disposable income due to automobile sales this month, Kohan said.
Driven by appeal to customers of sales tax-free holidays, the first two weeks of August were the best-performing, while the last week was the worst-performing, according to RetailNext.
"While August was a tough month for many stores, indicators suggest lots of opportunities for holiday as employment, income and interest rates remain positive,” Kohan said. “It will be important for retailers to maximize this holiday season, as Holiday 2016 will be challenging, especially with distractions around the presidential election."
Nature’s Truth introduces liquid B-12
RONKONKOMA, N.Y. — The solution for many VMS consumers who have difficulty with pills or capsules is sublingual liquid dosages. Nature’s Truth’s 10,000-mcg sublingual B-12 liquid is bringing consumers a high potency and fast-acting dose of vitamin B-12.
Nature’s Truth’s supplement, which comes in a natural berry flavor, is formulated to include two types of B-12 — the pre-converted cyanocobalamin and the active form, methylcobalamin, which the body converts to cyanocobalamin. Now consumers looking to kick-start their metabolism with B-12 but can’t stomach a 10,000-mcg capsules have a solution in the VMS aisle.
Daily Diversion: Stephen Colbert teams up with Waze
Driving is about to become a lot more fun. Stephen Colbert, who is gearing up to host his first "Late Show" on Tuesday, will be the new voice of Waze, an app for community-based mapping, traffic and navigation, until Sept. 22. Users can select Colbert's voice from the settings menu for directions and a few witticisms.