In January, for the first time since March of last year, core retail sales fell on a monthly basis, a reflection of more consumers avoiding big-ticket, discretionary purchases. The 0.5 percent decline in core spending, however, overshadowed sales at restaurants and bars, as well as grocery stores, which each rose [...]
Inflation metrics present mixed bag. The headline Consumer Price Index rose 3.1 percent over the year ended January, down 30 basis points from the December reading. Falling energy prices and flattening costs for food helped slow inflation, as supply chains remained fluid despite ongoing global conflict. However, when stripping these [...]
Markets predict Fed cut in March, even with bump in CPI. Headline inflation ticked up to 3.4 percent over the year ended December 2023, as both energy and shelter costs accelerated during the month. While this higher reading appears to complicate the Federal Reserve's stance on monetary policy in 2024, [...]
Unemployment inches up in October amid modest job creation. The tight labor market loosened slightly in October as 150,000 positions were created, the second-slowest month for hiring since the end of 2020. Additions were greatest in the health care and public sectors, with the onboarding of 58,000 and 51,000 personnel [...]
CNBC recently featured Marcus & Millichap CEO Hessam Nadji to discuss the current state of the commercial real estate market. Highlights of the conversation include: - Why perceptions of CRE distress on banks don’t line up with the data. - The sectors facing the greatest distress risk. - How investors [...]
Tractor Supply to expand its footprint, aiming for 3K nationwide Tractor Supply Company has revealed its plans to expand its store presence, but it has also adjusted its financial outlook for the year. In the second quarter, the company experienced a 7.2% increase in net sales compared to the previous [...]
Chipotle signs first-ever franchise agreement — for expansion in Middle East Chipotle Mexican Grill, known for its direct ownership and operation of all its restaurants, has taken a significant step by entering into its first-ever development agreement. This milestone involves a partnership with the Alshaya Group, an international franchise retail [...]
Inflation continuing to trend down. The headline consumer price index climbed by 3.0 percent year-over-year in June, the smallest increase since March 2021. A 16.7 percent decline in energy costs helped slow the overall inflation rate to a third of its June 2022 peak. However, prices for other categories of [...]
Prime Day helped push U.S. e-commerce more than 6% to $12.7B Amazon on Thursday said that July 11, the first day of its Prime Day sale, was the single largest sales day in its history. The e-commerce giant didn’t provide revenue numbers for the two-day event, but said Prime Day [...]
Residential and e-commerce growth spur need for outdoor storage. The formation of nearly 3.2 million households over the 24-month span ending in March — the most of any two-year period since 2002 — coinciding with an 18 percent jump in online retail sales, underpin tenant demand for industrial outdoor storage [...]
