Hashtag: #RetailSalesIndex
July 2011: Retail Sales Fall, Cars Drop 41%
Retail sales in July 2011 declined by 5.0% below the $94.6 million recorded in July 2011. Consumer demand weakened in four of the seven retail sectors, with motor vehicles sales experienced the largest decline registering a 44.7% drop in sales receipts. The number of cars sold fell by 41.1% while motorcycle sales declined by 17.6%. In contrast, retailers... Read more of this article
Retail Sales Fall 2.7% In June 2011
Retail sales in June 2011 declined by 2.7% below the $93.1 million recorded in June 2010. Consumer demand weakened for five of the seven retail sectors. Motor vehicles stores experienced the largest decline recording a 24.9% drop in sales. In contrast, retailers of service stations and apparel stores recorded increases of 7% and 3.3%, respectively.... Read more of this article
Retail Sales Fall 0.9% in April 2011
Retail sales for the month of April 2011 slipped 0.9% to an estimated $86 million. The motor vehicle, building material, apparel and all other store types sectors all experienced declines in sales, while sales of food, liquor and gasoline increased. Motor vehicles sales declined 18.5% as compared to April of last year. The volume of cars sold fell... Read more of this article
Consumer Spending Downturn: Sales Fall 5.5%
There was a general downturn in consumer spending for the retail industry during March 2011. All retail sectors experienced year-over year sales declines with the exception of service stations, which recorded a marginal gain. Gross sales receipts for local retailers dipped 5.5% to an estimated $83.5 million, which is $4.8 million below the $88.3 million... Read more of this article
February Retail Sales Fall 5.8%
Gross sales revenue from local retailers fell 5.8% to an estimated $70.3 million in February 2011. Retailers of building materials and motor vehicles reported the largest sales decreases, with both sectors experiencing double-digit percentage declines during the month. Sales levels of motor vehicles plunged 26.8% below the level recorded in February... Read more of this article
Retail Sales Fall: Lowest Since 2005
During January 2011, local retail sales fell by 5.9% to an estimated $74.6 million, marking the lowest sales level recorded for the retail industry since February 2005, according to statistics released today [Mar.22] by the Department of Statistics. All sectors experienced year-over-year declines with the exception of service stations, which reported... Read more of this article
Local Retail Sales Fall 5% in 2010
Statistics released by Government today [Feb 16], revealed that local retail sales for 2010 fell 5% to an estimated $1.04 billion, compared to $1.10 billion in 2009. Combined local and overseas retail sales dropped 4% to an estimated $1.12 billion from $1.17 billion in 2009 In December 2010, local retail sales totalled an estimated $106.6 million, a... Read more of this article
November Retail Sales Fall 2.8%
Consumers spent an estimated $83.6 million in the retail industry during November 2010, according to statistics released today. This represented a decrease of 2.8% or $2.4 million less than in November 2009. All sectors experienced year-over-year declines in sales activity with the exception of apparel stores and service stations. Residents returning... Read more of this article
Consumer Spending Plunges
Spending among Bermuda consumers fell sharply in October compared to the same month last year, down to $84.1 million from $9.1.7 million — a drop of $7.6 million or 8.3 percent. After adjustment for inflation, the real year-over-year decline was 10.8 per cent. The Department of Statistics today (Dec. 14) reported consumer spending was down in... Read more of this article
Minister Wilson: Shop Local Campaign
Yesterday [Nov 25] Minister Kim Wilson gave a statement in the Senate on the ‘Shop Local’ campaign, saying the message “it conveys to consumers, that they need to spend their dollars in the local economy.” The Minister said that September marked the eighteenth consecutive month of retail sales decline, with building materials,... Read more of this article
Buying Bermuda: Launch of Shop Local Campaign
This morning [Nov 18] Minister of Economy, Trade and Industry Kim Wilson launched the Shop Local campaign, which is designed to encourage local residents to do their shopping in Bermuda. Recent statistics show there was an almost 6% drop in local retail sales on a year-over-year basis when locals spent an estimated $82.7 million on goods and services... Read more of this article
Bermuda Residents Continue to Spend Less
Bermuda residents are spending substantially less both at home and abroad, according to figures released this morning [Nov 16] by the Department of Statistics. There was an almost six percent drop in local retail sales on a year-over-year basis when locals spent an estimated $82.7 million on goods and services during September, 2010 — a drop of... Read more of this article
