Goldman Sachs' Global Retailing Conference gives retailers an opportunity to follow-up on their Q2 2023 results, offer some color on the back-to-school season, and share expectations for the holiday season.
After a better July and back-to-school season, retail sales slowed in the second half of August with notable step-downs in furniture & furnishings, home improvement, sporting goods, e-commerce, and restaurants.
Once a year, 7-Eleven celebrates free Slurpee day with a tremendous foot traffic response. But even before Slurpee day, visits to 7-11 have been strong in H1 2023.
Following a soft start to Q2 2023, the consumer strengthened in June and showed up for the week of July 4th. All of the retail categories associated with celebrating improved over the holiday.
As we near the halfway point of 2023, we thought we’d take a step back and look at some bigger picture trends across the retail, restaurant, and commercial real estate categories.
This past week was a busy with updates from across the retail industry. We highlight some of the key themes that became apparent, but read our other reports for individual retailer insights.