Hashtag: #RetailSalesIndex

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

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