Forbes on Nostr: Positive Economic News For US Retail, Not So Much Elsewhere ========== US retail ...
Positive Economic News For US Retail, Not So Much Elsewhere
==========
US retail economic indicators show positive signs, with US inflation holding steady at 3.3% year over year and May's retail sales up 3.03% year over year. However, the UK is experiencing an increase in mortgage arrears, with the Bank of England reporting a 44.5% increase in the first quarter of the year. In China, GDP growth is slowing, consumer confidence is decreasing, and consumers are saving more and spending less. Retailers are cutting prices to recapture lost traffic, and the P2P payments space is expected to grow 14.5% by 2028. Gift card scams are on the rise, with Americans losing $217 million in 2023. Michael Kors is buying into Dynamic Yield's Shopping Muse, and Epoch AI estimates that LLMs will run out of human-generated data between 2026 and 2032. McDonald's prices have increased by an average of 100% over the last decade. The British Independent Retailers Association is expected to file a £1 billion lawsuit against Amazon for using non-public retailer data. Quick commerce delivery is growing in India, accounting for 45% of the online grocery market, and is forecasted to reach $60 billion by 2030. Retailers may have room to cut prices without giving away the farm, and AI is becoming an arms race in the retail industry.
#UsRetail #GlobalRetail #Inflation #RetailSales #MortgageArrears #ChinaGdp #ConsumerConfidence #P2pPayments #GiftCardScams #DynamicYield #EpochAi #Mcdonald's #Amazon #QuickCommerceDelivery #AiInRetail
https://www.forbes.com/sites/nikkibaird/2024/06/17/positive-economic-news-for-us-retail-not-so-much-elsewhere/
==========
US retail economic indicators show positive signs, with US inflation holding steady at 3.3% year over year and May's retail sales up 3.03% year over year. However, the UK is experiencing an increase in mortgage arrears, with the Bank of England reporting a 44.5% increase in the first quarter of the year. In China, GDP growth is slowing, consumer confidence is decreasing, and consumers are saving more and spending less. Retailers are cutting prices to recapture lost traffic, and the P2P payments space is expected to grow 14.5% by 2028. Gift card scams are on the rise, with Americans losing $217 million in 2023. Michael Kors is buying into Dynamic Yield's Shopping Muse, and Epoch AI estimates that LLMs will run out of human-generated data between 2026 and 2032. McDonald's prices have increased by an average of 100% over the last decade. The British Independent Retailers Association is expected to file a £1 billion lawsuit against Amazon for using non-public retailer data. Quick commerce delivery is growing in India, accounting for 45% of the online grocery market, and is forecasted to reach $60 billion by 2030. Retailers may have room to cut prices without giving away the farm, and AI is becoming an arms race in the retail industry.
#UsRetail #GlobalRetail #Inflation #RetailSales #MortgageArrears #ChinaGdp #ConsumerConfidence #P2pPayments #GiftCardScams #DynamicYield #EpochAi #Mcdonald's #Amazon #QuickCommerceDelivery #AiInRetail
https://www.forbes.com/sites/nikkibaird/2024/06/17/positive-economic-news-for-us-retail-not-so-much-elsewhere/