The latest retail sales data confirm a modest slowdown, reflecting the broader economic conditions and changing consumer behaviors that are shaping the industry. As Neil Saunders, Managing Director and Retail Analyst at GlobalData Retail, aptly summarized, "The market remains polarized with a balance of winners and losers," highlighting the complexities facing retailers today.
"E-Commerce remains the primary growth engine for US Retail." Goldberg continues, emphasizing the significance of this growth, "E-commerce now represents 50% of all Core Retail growth. While this growth rate is slower than the pre-pandemic average of 13.5% per year, it's clear that e-commerce is not just a temporary phenomenon."
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