Retail Woes and the Trade War
Gloria Van Rees
Retail sales on select items have taken a YoY downturn. The percentage change in YoY overall is at 15%. Appliances have the best numbers at just under 0% change. Consumers are not spending money like they were in November 2017. We believe outward pressures, read: trade war, are leading consumers to put off retail purchases. IT what should come as no surprise, tobacco and liquor saw an increase. Vice sells in times of economic pressure.