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Retail hype vs retail facts

Summary:
The decline in US retail employment this year might signal the start of a long-expected collapse, caused by automation and the unrelenting infiltration of e-commerce into the habits of the American household — or it might just be a temporary blip, the result of a modest slowdown in consumer spending growth.We don’t pretend to know. A recent note from Credit Suisse titled, appropriately enough, “Slight slowing, major metamorphosis”, at least helps to distinguish between fact and hype. From this and a few other useful reports we’ve come across lately, we present a few facts that help to understand the sector.1) The retail sector has lost jobs this year, but only a small fraction of its total.From Credit Suisse, our emphasis:The retail sector has lost 80K jobs in the past four months, but

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The decline in US retail employment this year might signal the start of a long-expected...

Cardiff Garcia
Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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