Hashtag: #RetailSalesIndex
Fahy on Retail Sales: Change Duty Charges
Bermuda Democratic Alliance sdpokesperson on finance Michael Fahy commented on falling retail sales saying “It is yet another economic indicator that the local economy is suffering and people are not spending their money at home or at all,” and that “If we are going to assist retailers in this downturn then we need to implement a... Read more of this article
Retail Sales Fall For 17th Straight Month
Retail sales have fallen to their lowest level in 18 years, according to statistics released by Government this morning [Oct 19]. During the month of August 2010, consumers spent an estimated $84.7 million on retail sales, which was a decrease of $8.8 million or 9.5% less than total sales recorded in the same month of last year. August marked the 17th... Read more of this article
July 2010: Retail Sales Drop by 6%
Consumers spent an estimated $94.7 million on retail sales during the month of July 2010, a decrease of 6% or $6 million less than total sales recorded in the same month of last year. Retail sales have consistently declined for sixteen consecutive months since March 2009 when there was no movement in sales activity. Building materials and motor vehicle... Read more of this article
Local Retail Sales Fall $3.5 Million in May
Local retail sales for May 2010 fell to an estimated $89.4 million, which is a drop of 3.8% or $3.5 million less than retail sales of the same month of last year. This marked the fourteenth consecutive month of declining retail sales, which began April 2009. Bermudians continue to enjoy shopping overseas, with residents returning to the Island from... Read more of this article
