the fastest- and slowest-growing retailers - personal care appliances

by:Yovog     2022-12-06
the fastest- and slowest-growing retailers  -  personal care appliances
According to research by financial information company Sageworks, sellers of discretionary goods dominate the new list in the retail industry, with sales growing fastest in the past 12 months.
According to Sageworks's analysis of the financial statements of privately held retailers, electronics and home appliance stores, home goods stores and car dealers are among the retail industries with the largest sales growth.
Sageworks's financial statement analysis found that sales in electronics and home appliance stores increased by an average of nearly 14% in the 12 months ended June 30.
Household goods stores (NAICS 4422)
This category does not include furniture stores, but includes carpet, light fixtures, decorative accessories and window handling retailers, with an average sales increase of about 11% in the 12 months ended June 30.
Direct sales (NAICS 4543)
, Does not include the category of mail-
Orders, but diversified businesses including fuel dealers and retailers in the sales doorto-door or use in-
Family party, also released doubledigit growth (10 percent).
Dealers of cars and other cars (
Such as campers, motorcycles, snowmobiles, ATVs)
In the 12 months ended June 30, sales increased by 9 and 8% respectively.
Jenna Weaver, analyst at Sageworks, said the fastest
Growing Retailers make interesting comparisons with the slowest retailers
A growing retail industry including grocery stores, health and personal care stores, and clothing stores.
"It's interesting to see some of the fastest-growing retailers selling larger or more autonomous products," she said, "when the underlying industry sells you more Staples, you always need these things. ".
"Basically, from these trends, consumers buy more large goods. ticket items.
Retailers of major commodities are not growing so fast;
Their growth is more stable, perhaps because their demand for these products is more sustainable.
"Some retailers are more free, such as car dealers and electronics/appliance stores, to see a clearer slowdown in sales or a fall in sales in 2008 and 2009 than retailers selling staples, according to Sageworks 'data.
Sales have fallen by 0 in the past 12 months.
The analysis of the financial statements showed that the gas station increased by 4% and the grocery store increased by 2%.
Data from gas stations are consistent with previous analyses that show sales are down but profit margins are up.
During this period, sales at health and personal care stores and furniture retailers increased by 4%.
The average sales of clothing, lawn, garden equipment stores increased by about 5%.
Low interest rates may be a factor in some trends, especially those related to car dealers, electronics and appliances, Weaver said.
"Because interest rates are at a more reasonable level, it makes some of these purchases more attractive," she said . ".
Sales trends may also benefit from a slow recovery in housing, which may make homeowners feel safer about asset value and stimulate some purchases related to housing turnover.
Through its collaborative data model, Sageworks collects the financial statements of private companies from accounting firms, banks and credit cooperatives and aggregates the data at a rate of about 1,000 statements per day.
Weaver said sageworks's financial data did not provide a clear view of the relative contribution of demand and pricing to sales growth in various industries.
But recent government statistics show that despite the recent surge in gasoline prices, Americans are seeing a decline in prices for durable products such as furniture, appliances and electronics.
The National Retail Federation has recently cut
Annual forecast of retail sales (
(Excluding cars, gas stations, restaurants)to 3.
Compared with the previous outlook, 6% growth 4.
Growth of 1%.
The trade group said,than-
Expected growth in the first half of 2014.
"While the use of consumer credit has expanded, consumers continue to use low interest rates to finance large businesses --ticket item[s]
They want to increase their debt at a higher price.
"Interest revolving credit is still very small," said NRF . ".
"Consumers continue to be cautious, selective and price-sensitive, raising concerns about the pace of economic growth.
"Sageworks, a financial information company, collects and analyzes performance data from private companies and provides accounting and audit solutions.
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