Retail Wrap: August 17, 2017

A daily update of new data and industry intelligence

August 16, 2017

L Brands Slips: L Brands said comparable store sales fell 8% in the second quarter, as its Victoria's Secret brand showed a comparable decline of 14%.  

Millennial Angst: Half of US millennials say they would be embarrassed to be seen "frequently eating" at a fast-food restaurant. That's up from 44% in 2016, according to Benenson Strategy Group's annual food study. Across all age groups, the survey found that 38% expressed worries about being seen as regular fast-food eaters. 

UK Ecommerce: UK online retail sales were up 11% in July compared with the year-ago month, according to the latest figures from the IMRG Capgemini e-Retail Sales Index. Growth failed to match last July's extremely strong pace, when sales jumped 18.6%. The report noted that conversion rates for the month jumped 21%, almost double the gain in overall sales, suggesting that discounting was common during the month.

More Mobile: More than nine in 10 retailers plan to boost their mobile ad spending this year, according to a survey by RetailMeNot

Prime Shoppers: More than one-third (36%) of US internet users made an Amazon Prime
Day purchase, according to a Periscope by McKinsey survey. That's up from 22% in 2016.

Photo credit: Nick Hillier on Unsplash



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