Hashtag: #RetailSalesIndex

Retail Sales Volume Increased By 1.3% In July

Retail Sales Volume Increased By 1.3% In July

Today [Oct 29] the Minister for the Cabinet Office Wayne Furbert released the July 2019 Retail Sales Index publication from the Department of Statistics. Minister Furbert explained, “We saw some encouraging signs in the July retail sales report. After adjusting for the retail sales rate of inflation, measured at 1.2 percent in July, the overall volume... Read more of this article

Retail Sales Volume Decreased By 6% In June

Retail Sales Volume Decreased By 6% In June

Today [Oct 8] the Minister for the Cabinet Office Wayne Furbert released the June 2019 Retail Sales Index publication from the Department of Statistics. The Minister explained, “After adjusting for the retail sales rate of inflation, measured at 0.7 per cent in June, the overall volume of local retail sales decreased 6.0 per cent. “Imports via... Read more of this article

Retail Sales Volume Decreased By 4.4% In May

Retail Sales Volume Decreased By 4.4% In May

Today, the Minister for the Cabinet Office Wayne Furbert released the May 2019 Retail Sales Index publication from the Department of Statistics. The Minister explained, “After adjusting for the retail sales rate of inflation, measured at 0.8% in May, the overall volume of local retail sales decreased 4.4% since May 2018. In addition, the total value... Read more of this article

Retail Sales Increase 0.5% In April 2019

Retail Sales Increase 0.5% In April 2019

After adjusting for the retail sales rate of inflation – measured at 1.6% in April – the overall volume of retail sales increased 0.5% year-over-year, according to the recently released Retail Sales Index. “Three out of the seven retail sectors recorded growth in sales volume with Liquor Stores recording the largest volume increase of... Read more of this article

Retail Sales Decrease 3.9% In March 2019

Retail Sales Decrease 3.9% In March 2019

After adjusting for the retail sales rate of inflation – measured at 1.9% in March – the overall volume of retail sales declined 3.9% year-over-year, according to the recently released Retail Sales Index. “Six out of the seven retail sectors recorded declines in sales volume with Apparel Stores recording the largest volume decrease of... Read more of this article

MP Michael Scott On Retail Sales Volume

MP Michael Scott On Retail Sales Volume

“Global trends show that the traditional brick and mortar retail entities of the past are dwindling in favour of alternate models such as online shopping,” PLP MP Michael Scott said, adding that the “only answer the OBA has given to address the retail sector’s woes are for a return to the OBA/Michael Fahy approach of opening the... Read more of this article

OBA: Retail Sales Fall A ‘Result Of Govt Policies’

OBA: Retail Sales Fall A ‘Result Of Govt Policies’

Twelve consecutive months of falls in retail sales volume are a “direct result of Government policies,” according to Shadow Finance Minister Nick Kempe. “We have seen the Sugar Tax increase grocery bills, we have seen small Bermudian businesses hit with the dividend tax and we’ve seen increases in Government spending and related taxation,”... Read more of this article

Retail Sales Decrease 4.4% In February 2019

Retail Sales Decrease 4.4% In February 2019

After adjusting for the retail sales rate of inflation – measured at 2.0% in February – the overall volume of retail sales declined 4.4%, according to the recently released Retail Sales Index. “All retail sectors recorded declines in sales volume with motor vehicle stores recording the largest volume decrease of 16.7% followed by apparel... Read more of this article

Retail Sales Decrease 2.9% In January 2019

Retail Sales Decrease 2.9% In January 2019

After adjusting for the retail sales rate of inflation – measured at 1.8% in January – the overall volume of retail sales declined 2.9%, according to the recently released Retail Sales Index. “All retail sectors recorded declines in sales volume with apparel stores recording the largest volume decrease of 22.8% followed by motor vehicle... Read more of this article

Retail Sales Decrease 5.3% In December 2018

Retail Sales Decrease 5.3% In December 2018

After adjusting for the retail sales rate of inflation – measured at 2.0% in December – the overall volume of retail sales declined 5.3%, according to the recently released Retail Sales Index. “All retail sectors recorded declines in sales volume with building material stores recording the largest volume decrease of 16.3% followed... Read more of this article

Retail Sales Decrease 2.3% In November 2018

Retail Sales Decrease 2.3% In November 2018

After adjusting for the retail sales rate of inflation – measured at 1.3% in November – the overall volume of retail sales declined 2.3%, according to the recently released Retail Sales Index. “Six of the seven retail sectors recorded declines in sales volume with motor vehicle retailers recording the largest volume decrease of 22.8%.... Read more of this article

OBA: Govt Must Outline Economic Stimulus Plan

OBA: Govt Must Outline Economic Stimulus Plan

“Government must urgently outline its economic stimulus plan and explain how it will increase the resident population as Bermuda cannot afford more falls in the retail sales volume without jeopardizing Bermudians’ jobs,” Shadow Finance Minister Nick Kempe said. Senator Kempe said, “Earlier this week, we had Walton Brown telling us that... Read more of this article

Retail Sales Decrease 0.4% In October 2018

Retail Sales Decrease 0.4% In October 2018

After adjusting for the retail sales rate of inflation – measured at 2.3% in October – the overall volume of retail sales decreased 0.4%, according to the recently released Retail Sales Index. “Three of the seven retail sectors recorded declines in sales volume with apparel stores recording the largest volume decrease of 7.8%. In contrast,... Read more of this article