Retail and Consumer Update: Third Quarter 2010
Deloitte Corporate Finance LLC
This quarter’s Retail and Consumer Update, produced by Deloitte Corporate Finance LLC (DCF), summarizes the most recent transactions along with information on active buyers, current transaction valuation multiples and an overview of the public market’s perception of the industry.
This quarter’s highlights include:
- Real gross domestic product (GDP) growth slowed to 1.7% in Q2 2010. This compares to 3.7% in Q1 2010 and 5.0% in Q4 2009
- According to the U.S. Census Bureau, retail and food service sales increased by 0.3% and 0.4% in July and August, respectively (month-on-month). Compared to the same months in 2009, July and August sales result in growth rates of 5.4% and 3.7%, respectively
- The recent positive growth in retail and food sales follows two months of declining sales in May and June (month-on-month). Sales in June were driven lower by a 2.4% drop in automobile sales as well as a 2.0% decline in gasoline-station sales, likely due to a decline in fuel prices.
Download the Retail and Consumer Update below.