This document summarizes recent USA retail sales data and trends in May 2020. It discusses the month-over-month change in USA retail sales over the past 10 years and provides housing start data for Canada and the USA. It also examines the decline of shopping malls and rise of e-commerce. Finally, it discusses how analytics can be applied to areas like supply chain management, sales forecasting, and reporting to help retailers address these changes.
2. PAUL YOUNG - BIO
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Emerging Technology
• SME – Business Process Change
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. AGENDA
• May 2020 – USA – Retail Sales
• USA Retail sales monthly change (10 year)
• Housing Starts – Canada and USA
• Analytics / Retail Sales
• Death of the mall
• Analytics and Retail Sales
7. DEATH OF
THE
SHOPPING
MALL
• Death of the shopping mall
• Retailers have announced more than 8,600 closings so
far in 2019 and according to a report done by Credit
Suisse in 2017, between 20% to 25% of malls will close
by 2022. Source -
https://www.businessinsider.com/american-retail-
apocalypse-in-photos-2018-1
• Closure of malls will lead to property tax issues -
https://www.cnbc.com/2019/04/15/malls-see-tsunami-
of-store-closures-as-foot-traffic-declines-further.html
• Re-zoning of abandon properties as part of urban
development needs to be focus by various councils -
https://www.washingtonpost.com/business/2019/11/22/
malls-are-dying-only-these-ones-have-figured-out-
secrets-success-internet-age/
•
• Canada
• Canada has seen an increase in online sales as such
commercial space could see reduced occupancy as part of
retailers moving more and more of their business to an
online model -
https://www.statista.com/outlook/243/108/ecommerce/can
ada#market-revenue
9. TRAINING AND DEVELOPMENT
• If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel
free to review my material
on
https://www.udemy.com/
(search Paul Young CPA
CGA)
• These subjects address
how to fixed issues with
housing and/or systemic
issues related to economy
including government
policies