Last week, the Commerce Department reported that US retail sales fell 1.9% in December. It marked the end of the fourth consecutive month of growth, following November's rise of 0.3% and a 1.8% jump in October. December's disappointing performance, it is widely agreed, reflects a combination of consumers' fears over inflation and the supply chain dysfunction that has emptied many store shelves.
What is the retail sector to make of these numbers? Are they a momentary blip in an otherwise healthy string of advances? Or, do they signal the start of a greater decline. For answers we turn to Anjee Solanki, national director, Retail Services, US, Colliers.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
