Report: U.S. Foot Traffic Falls 12.4% in October
Chicago ShopperTrak RCT Corp.’s Retail Traffic Index (SRTI) reported that total U.S. foot traffic for the month of October fell a sharp 12.4% while the company’s National Retail Sales Estimate reported retail sales posted a very slight 0.7% increase for the same period.
The severe October total U.S. foot traffic decline follows September’s 9.3% decrease, reflecting the American consumer’s unwillingness to make unnecessary trips to their favorite retail locations during the country’s current economic uncertainty. Additionally, this year’s presidential election may have negatively impacted traffic trends in October, as historically ShopperTrak has seen less retail activity during national elections as consumers concentrate on the candidates and corresponding issues.
Although retail traffic continued its extreme decline, NRSE retail sales posted a slight increase as shoppers may have made less frequent trips while spending more for cold-weather apparel following the cold snap in parts of the country in late October. This minor monthly sales increase follows the 1.0% retail sales decrease in September, which was the first year-over-year monthly drop since March 2003.
On a weekly level, ShopperTrak’s NRSE reported sales for the week ending Nov. 8 fell 2.6% as compared to last year, while weekly sales increased 2.0% vs. the previous seven-day period ending Nov. 1.
Wal-Mart partners with Army Reserve
BENTONVILLE, Ark. The U.S. Army Reserve and Wal-Mart have signed an agreement that allows both organizations to recruit, train and employ individuals interested in both serving the nation and pursuing a career in the retail industry.
The initiative provides Army Reserve Soldiers opportunities for employment with Wal-Mart after they successfully complete military occupational specialty training (MOS). The Army Reserve and Wal-Mart will work together to recruit, license and offer training reciprocity to qualified Soldier candidates. The agreement commits Wal-Mart to interviewing and considering all qualified, participating Soldiers for employment upon completion of MOS training.
“We are excited and honored to have U.S. Army Reserve Soldiers join our team,” said Lee Scott, president and ceo of Wal-Mart. “Our company has a longstanding commitment to providing employment opportunities in the community. We have also long recognized those who serve in the military, and it is a privilege to assist the troops and their Families with this new initiative.”