Hashtag: #RetailSalesIndex

Retail Sales Decreased 3.1% In January

Retail Sales Decreased 3.1% In January

Today the Minister for the Cabinet Office Wayne Furbert released the January 2020 Retail Sales Index. The Minister explained, “After adjusting for the retail sales rate of inflation, measured at 0.8 per cent in January, the overall volume of local retail sales decreased 3.1 per cent. Meanwhile, total selected overseas declarations increased 14.1 per... Read more of this article

Retail Sales Decreased 4.2% In December

Retail Sales Decreased 4.2% In December

Today [March 6] the Department of Statistics release the December 2019 Retail Sales Index. A Government spokesperson said, “After adjusting for the retail sales rate of inflation, measured at 1.0 per cent in December, the overall volume of local retail sales decreased 4.2 per cent. “Meanwhile, total selected overseas declarations increased 19.1... Read more of this article

Retail Sales Decreased 3.2% In November

Retail Sales Decreased 3.2% In November

Today [Feb 20] the Minister for the Cabinet Office Wayne Furbert released the November 2019 Retail Sales Index publication from the Department of Statistics. The Minister explained, “After adjusting for the retail sales rate of inflation, measured at 1.1 per cent in November, the overall volume of local retail sales decreased 3.2 per cent. “Meanwhile,... Read more of this article

Retail Sales Drop In September & October

Retail Sales Drop In September & October

Minister for the Cabinet Office Wayne Furbert released the September 2019 and October 2019 Retail Sales Index publications from the Department of Statistics. The Minister explained, “The volume of retail sales decreased 4.4 per cent in September 2019 and a further 3.6 per cent in October 2019. Meanwhile, total selected overseas declarations decreased... Read more of this article

Senator Kempe: Where Is The Plan To Fix This?

Senator Kempe: Where Is The Plan To Fix This?

“Retail sales volume has now dropped for 16 out of the last 18 months,” Shadow Finance Minister Nick Kempe said, adding that “we need to reduce the burden of Government and corresponding taxation levels required to sustain it.” Senator Kempe said, “Last week we heard from Minister Zane DeSilva that 200 Bermudians had lost their... Read more of this article

Retail Sales Volume Decreased 7.6% In August

Retail Sales Volume Decreased 7.6% In August

Today [Dec 5] the Minister for the Cabinet Office Wayne Furbert released the August 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 August, the overall volume of local retail sales decreased 7.6 per cent. “Meanwhile,... Read more of this article

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