Adobe Digital Price Index: Online Prices Fall For Eleventh Consecutive Month, Dropping 1.6% In July

Adobe (Nasdaq:ADBE) announced the latest online inflation data from the Adobe Digital Price Index (DPI), powered by Adobe Analytics. Online prices in July 2023 fell 1.6% year-over-year (YoY), marking the eleventh consecutive month of YoY price decreases, with the majority of categories (11 of 18) tracked by Adobe seeing falling prices on an annual basis. On a month-over-month (MoM) basis, online prices fell 0.9% in July.

July’s YoY price decline was driven by notable drops in categories such as appliances, which fell 8% YoY (down 0.3% MoM), as well as furniture/bedding which fell 3.5% YoY (down 0.7% MoM). Steeper YoY declines were observed in electronics, which fell 11.7% YoY (down 0.7% MoM) as well as computers, which fell 15.4% YoY (down 1.5% MoM).

Although the grocery category has experienced persistent inflation, YoY price increases have now slowed for 10 consecutive months. Grocery prices were up 6.3% YoY (up 0.3% MoM), a smaller jump compared with June 2023’s 7.6% YoY and May 2023’s 8.2% YoY increases. Price increases have slowed for pet products as well; Prices were up 6.3% YoY (down 0.1% MoM), compared with an 8.1% YoY increase in June 2023, and an even more substantial 10.2% YoY increase in May 2023.
more at: https://news.adobe.com/news/news-details/2023/Media-Alert-Adobe-Digital-Price-Index-Online-Prices-Fall-For-Eleventh-Consecutive-Month-Dropping-1.6-In-July/default.aspx

Related Posts

Carter’s to Close at Least 200 Stores (mytotalretail.com)

Carter’s is permanently shutting down hundreds of stores. The children’s apparel and accessories retailer announced that it plans to close 25 percent of its brick-and-mortar fleet, or about 200 locations, as the leases of those units expire. Speaking to analysts, Carter's CEO Michael Casey said that nearly 60 percent of those outposts will likely be shuttered by the end of next year and 80 percent will shut down by the end of 2022. Carter’s currently operates about 850 stores in the United States, Canada and Mexico under its namesake banner and OshKosh B’Gosh brand.

Chico’s FAS, Inc. Reports Second Quarter Results

For the thirteen weeks ended July 29, 2017, the Company reported net income of $22.7 million, or $0.18 per diluted share, compared to net income of $23.0 million, or $0.17 per diluted share, for the thirteen weeks ended July 30, 2016. Results for the second quarter of 2016 include the impact of restructuring and strategic charges of $10.3 million after-tax, or $0.08 per diluted share. For the twenty-six weeks ended July 29, 2017, the Company reported net income of $56.3 million, or $0.44 per diluted share, compared to net income of $54.1 million, or $0.41 per diluted share, for the twenty-six weeks ended July 30, 2016. Results for the twenty-six weeks ended July 30, 2016 include the impact of restructuring and strategic charges of $12.5 million after-tax, or $0.09 per diluted share. For the second quarter, net sales were $578.6 million compared to $635.7 million in last year's second quarter. This decrease of 9.0% primarily reflects a comparable sales decline of 8.4%, driven by lower average dollar sale and a decline in transaction count. For the second quarter, gross margin was $209.1 million, or 36.1% of net sales, compared to $240.8 million, or 37.9% of net sales, in last year's second quarter. Click Read More below for additional detail.

Target Corporation Reports Third Quarter Earnings

*Third quarter comparable sales grew 12.7 percent, on top of 20.7 percent growth last year. -Comparable sales growth was driven entirely by traffic. -Store comparable sales increased 9.7 percent, on top of 9.9 percent growth last year. -Digital comparable sales grew 29 percent, following growth of 155 percent last year. -Same-day services (Order Pickup, Drive Up and Shipt) grew nearly 60 percent this year, on top of 200 percent last year. -More than 95 percent of Target's third quarter sales were fulfilled by its stores. *All five core merchandise categories delivered double-digit comparable sales growth, on top of strong sales performance last year.
Back To Top
×Close search
Search