With past experience spanning Deutsche Bank and JPMorgan, Chuck Grom is a Wall Street analyst who focuses on consumer-facing retail segments. A late 2017 Forbes article featured Chuck Grom’s insights into strong holiday sales, which marked an end to “price wars” for the time being.
With the National Retail Federation reporting total retail sales up by six percent in November, with online sales and non-store growing by 10.5 percent, large-scale blanket discounts were not materializing, as in previous years.
Chuck Grom noted that the major winners in this scenario were in consumer electronics, home improvement, apparel, and even struggling department stores. Perhaps the largest beneficiary of the uptick was in the furniture area, with many Millennials hitting their “peak buying years.”
Another contributor to strong prices was appropriate inventories, with retailers not significantly overbuying and thus charging the full retail amount. One related trend seems to be that the Amazon-driven retail price battles are finally coming to an end. As early as July 2017, it was reported that Amazon no longer had lower prices on the full spectrum of items, as compared with Jet.com and Walmart.com.
With the National Retail Federation reporting total retail sales up by six percent in November, with online sales and non-store growing by 10.5 percent, large-scale blanket discounts were not materializing, as in previous years.
Chuck Grom noted that the major winners in this scenario were in consumer electronics, home improvement, apparel, and even struggling department stores. Perhaps the largest beneficiary of the uptick was in the furniture area, with many Millennials hitting their “peak buying years.”
Another contributor to strong prices was appropriate inventories, with retailers not significantly overbuying and thus charging the full retail amount. One related trend seems to be that the Amazon-driven retail price battles are finally coming to an end. As early as July 2017, it was reported that Amazon no longer had lower prices on the full spectrum of items, as compared with Jet.com and Walmart.com.