I joined BRAD SMITH on YAHOO FINANCE LIVE to discuss the accelerating inflationary Retail Ice Age, which the US Commerce Department reports a +3/10% overall price increase in all retail categories. Apparel is an inflationary standout primarily because men, women & children gained record weight during COVID & need larger sizes. It's also alarming that online sales, healthcare and grocery sales are down month over month despite the UN reporting worldwide inflation up 21% over last year, meaning we are very probably looking at a pronounced Retail Recession in the fourth quarter.
Meanwhile: Food & Consumables maintain sales, while consumers are postponing purchases of appliances and new & used cars because in the famousLyrics of EDDY GRANT, great musician/poet & "Philosopher of the People" in his epiphanous song/video: “ELECTRIC AVENUE” : "Working so hard like a soldier, can't afford a thing on TV, can't get food for the kids…" Furthermore, Innovation by companies like Apple will lead the cycle, but even so, getting chips out of China is a big problem & Supply Chain snafus will continue to impair electronics & autos throughout the year.
Burt's “Flick's Picks” in Auto Supplies are O'Reilly Auto Parts, AutoZone & Advance Auto Parts, because the auto parts aftermarket gets a better life cycle and more value out of pre-owned cars & trucks, and also BJs Wholesale Club, Lowes & Target, where consumers get great quality and value.
Strategic Resource Group is the lead retail and brand CPG consulting firm throughout the United States and the globe. With more than three decades of experience, our team strategically collaborates with top retail chains, wholesalers, suppliers, and investment firms. Our retail industry experts are highly skilled at illuminating retail trends, identifying opportunities to increase consumption, and growing retail sales.
Stay in the loop with SRG’s insights and latest news reportings as Burt Flickinger makes special appearances on the radio, TV, and many other platforms. Explore the ways to drive your profitability, discover top resources, and uncover your competitive advantages!