Colliers Retail Market Intelligence
Retail kicked off 2025 with solid momentum: January retail sales grew 4.8% year-over-year, driven by inflation and volume gains. Core retail, excluding food service, gas stations, and autos, saw a 4.0% increase. However, maintaining this growth throughout the year may be challenging amid economic uncertainties.Grocery and home furnishings led to spending gains: Grocery sales surged 5.0% year-over-year, partly due to reduced holiday discounts and colder weather driving stock-up behavior. Home furnishings saw 5.2% growth, with consumers eager to refresh their spaces post-holidays. Meanwhile, home improvement retail remained sluggish, up 0.7% as consumers held off on big projects.
Apparel and department stores saw steady in-store growth: Clothing store visits rose 4.81% year- over-year, aligning with 3.6% sales growth, boosted by cold-weather purchases and post-holiday discounts. Department stores saw a 3.62% increase in visits, indicating continued consumer interest despite a challenging sector landscape...
RSK: Retail remains hot, but we shall see as recession looms in the near future.
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- - Volume: 25 - WEEK: 12 Date: 3/18/2025 1:46:07 PM -