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Retail and Restaurants: First Quarter 2012

Deloitte Corporate Finance LLC


This quarter’s Retail and Restaurants Update, produced by Deloitte Corporate Finance LLC (DCF), summarizes the most recent transactions within this industry along with information on the most active buyers, current transaction valuation multiples and an overview of the public market’s perception of the industry.

Highlights include:

  • Warmer weather and an improving job market spurred Americans to set a record high in total U.S. retail sales of $411.1 billion, 24% higher than the recession low in March 2009. Based on data from the U.S. Census Bureau, U.S. retail sales increased 0.8% in March 2012 over February 2012, which experienced a 1.0% increase.
  • A stronger job market helped drive an improvement in consumer confidence as well as an increase in retail spending. The unemployment rate decreased from 9.1% in August 2011 to 8.2% in March 2012, but the healthier job market has yet to produce higher salaries.
  • Consumers have continued to spend despite the pressure from limited income growth and rising costs. The U.S. Census Bureau reported stores selling electronics, furniture, and sporting goods posted strong gains in March.

To read more, download the Retail and Restaurants Update.


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