Retail In Charts: Retail Sales, Temu and Walmart
There’s never a dull moment in retail and eCommerce— but would you have it any other way? Some charts we have been following over the last few weeks:
Temu and Shein saw sales fall 16% to 41% for five days from February 5 after US President Donald Trump scrapped a duty exemption that their small parcels benefit from. The ban has since been reversed but the volume of Section 321 volume is undeniable.
Retail sales slumped the most in 2 years in the month of January. The value of retail purchases NOT adjusted for inflation 0.9%. Why the drop? The belief that everyone maxed credit cards in December after rosier than expected holiday spending. Bright spots in sales for January were auto, food and beverage/restaurants and health & personal care stores.
Walmart continues to make progress and clearly the retailer has nailed the Wall Street narrative given the 83% gain over the past year. Upper income households are driving the marketing share improvement through Walmart+, greater 3P marketplace offerings and relentless focus on lower pries (-11% to peers).
Please reach out with any questions or further context needed on any of the above points via help@commercecanal.com.
Thank you,
Commerce Canal