Posts filed under “Retail”

My “Annual Temper Tantrum”

Grinch_Stole_ChristmasDig this:

“In an email to The Huffington Post, an NRF spokeswoman called Ritholtz’s piece an “annual temper tantrum” that was “slanted, flawed and predictable,” and compared it to “such holiday traditions as the Grinch and the threat of coal in one’s stocking.” The NRF did not cite any inaccuracies in Ritholtz’s column, nor did it provide any substantive criticism of his views or mine.

The NRF noted it reached out to Ritholtz about his criticism of the survey last year, but that he did not respond.”

-Huff Po

First, I love that the NRF is all pissy at me. That’s pretty awesome. (Speak to your colleagues at the NAR — they can share some stories with you).

Second, this has nothing to do with being a grinch. It is instead a criticism of an industry trade group that has consistently relied on a deeply flawed methodology to push a narrative that, while never in doubt, is often always wrong.

Third, about that track record:

 

So much wrong
nrf v commerce

 

In sum, my “slanted, flawed and predictable” analysis is that NRF announcements are self-serving PR spin, wildly inaccurate, with no correlation to actual sales, that serve only to mislead investors, while whipping consumers into a frenzy of materialism.

Other than that, I have no beef with them . . .

 

Previously:
Black Friday’s Guesswork Gloom (Dec 1, 2014)

Retailing’s Black Friday Hoax (Nov 26, 2014)

 

Sources:
Commerce Department Advance Monthly Sales for Retail and Food Services
• NRF Annual Holiday Survey

 

Category: Data Analysis, Really, really bad calls, Retail

No, Black Friday Sales Were Not Down 11%

The New York Times headline declared, “Thanksgiving Weekend Sales, at Stores and Online, Slide 11 Percent.” Not to be outdone, the Wall Street Journal reported, “‘Black Friday’ Fades as Weekend Retail Sales Sink.” And — to prove I’m not playing favorites — Bloomberg News noted that, “Black Friday Fizzles With Consumers as Sales Tumble 11%.”…Read More

Category: Data Analysis, Really, really bad calls, Retail

Don’t Shop on Thanksgiving and Other Good Advice

This is the time of year when Americans gather with family and friends to give thanks. A bounteous feast is the time to express gratitude for our good fortune. We count our blessings, humbled by the fortuity of our circumstances, grateful for whatever it is we have. Once you get that over with, it’s time…Read More

Category: Consumer Spending, Data Analysis, Really, really bad calls, Retail

Holiday Shopping: Here Comes the Silly Season!

Forget August. The real silly season is upon us. As evidence I present the forecast of a 13 percent increase in holiday sales made by Forrester Research, as cited in the New York Times this morning. Color me skeptical. As we noted about this time last year, these sales projections are as much of an…Read More

Category: Really, really bad calls, Retail

Amazon ‘Targeting’ Hachette Writers

Roxana Robinson, president of the Authors Guild, and Bloomberg Contributing Editor Paul Kedrosky, talk about the dispute between Hachette Book Group and Amazon Inc. over e-book pricing and distribution.


Source: Bloomberg, Sept. 16 2014

Category: Retail, Video, Web/Tech

Explaining How Alibaba Works With 280 Pairs of Pants

Alibaba’s IPO could be the biggest in history. Bloomberg’s Sam Grobart explains how Alibaba works through the experience of ordering 280 pairs of pants manufactured overseas.


Source: Bloomberg, Sept. 15 2014

Video by: Dan Przygoda, David Yim

Category: Retail, Video, Web/Tech

Housing, retail, risk: The week ahead


Source: Yahoo Finance

Category: Consumer Spending, Economy, Retail, Video

13 Years of Apple Stores in 60 Seconds

Click for an animated graphic. Source: Retale   Click on the map to see an animation of Apple Inc. store openings and product releases over the last 13 years. We’ll wait for you. OK, that was pretty cool, right?  Continues here

Category: Consumer Spending, Digital Media, Retail, Technology

Restaurant Industry Pay: Taxpayer’s Double Burden

Category: Retail, Taxes and Policy, Think Tank, Wages & Income

Discounts, Luxury Sales, and the Consumer (JCP, BBY et. al.)

It has been a confusing few weeks for followers of the retail sector. A mix of disappointing earnings (See Best Buy, J.C. Penny’s and Sears) along with pockets of luxury strength plus strongly trending auto sales has created a jumble. Let’s see if we can make some sense of the entire mess. Let’s start with…Read More

Category: Consumer Spending, Data Analysis, Retail