Retail Channel Monthly $ Update – May Final & June Advance
June brought the first monthly year over year increase in Total Retail sales since February.
Over 45 years in Consumer Products including 31+ years in the Pet Industry developing and executing successful strategic sales and marketing plans for manufacturers.
June brought the first monthly year over year increase in Total Retail sales since February.
The situation has improved since May 2nd but we are far from a return to normal!
After the biggest annual increase in history, Services Spending holds it ground!
If you don’t include sales from Restaurants, Auto and Gas Stations then May was positive!
Still slowly moving in the right direction but recovery will take some time, likely 6+ months.
Tariffs end 24 months of strong growth!
Widespread, major negative impact. Key Business measurements are at least starting to move in the right direction… but very slowly!
If you thought that March numbers were bad, wait until you see April!
The impact of the FDA grain free dog food warning slows as spending turns up in the first half of 2019.
A strong February, then …. the turmoil of March!