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Retail politics is a type of political campaigning in which politicians directly talk to and interact with their supporters. Examples of retail politics include in-person campaign events, rallies, and direct mail. [1] More recent examples of such campaigning have included candidates' appearances on podcasts. [2]
Nike, Inc. announced plans to shift towards e-commerce and decrease its retail partners from 30,000 to 40. [224] Nine West filed for bankruptcy on April 6, 2018. It closed all 70 of its retail stores, shifting to online only. [225] Nordstrom was unable to go private in 2017 due to the retail apocalypse. [226]
Here’s one current standout example: Democrats plan to pass a package of needed legislation to stem the splurge of retail thefts, from petty shoplifting to professional smash-and-grab robberies.
Research published by global retail analyst IHL Group in 2019 suggests that the so-called retail apocalypse narrative was an exaggeration, with "more chains that are expanding their number of stores than closing stores.” [7] That year, retailers in the United States announced 9,302 store closings, a 59% jump from 2018, and the highest number ...
On March 16, 2020, it was reported that retail sales dropped 20.5% after the pandemic hit the country, a percentage that, according to Business Insider, was unseen since the financial crisis of 2007–2008. [82] Retail sales continued to decrease with a 2.8% decline in May 2020 and 1.8% in June from where they were at the same time in 2019. [83]
The National Retail Federation releases an annual retail sales forecast each spring. NRF forecasted that 2024 retail sales would be between 2.5% and 3.5% to between $5.23 trillion and $5.28 trillion. [41] The 2024 sales forecast compares with 3.6% annual sales growth of $5.1 trillion in 2023. [42]
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The alcohol monopoly was created in the Swedish town of Falun in 1850, to prevent overconsumption and reduce the profit motive for sales of alcohol. It later went all over the country in 1905 when the Swedish parliament ordered all sales of vodka to be done via local alcohol monopolies. [2]