Hashtag: #RetailSalesIndex
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
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?
“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
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
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
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
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
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
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
“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’
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
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
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
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
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
“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
