Domestic revenue of $7.92 billion decreased 6.7% versus last year. The decrease was driven by a comparable sales1 decline of 5.7% and the loss of revenue from 24 permanent store closures in the past year. Domestic gross profit rate was 23.0% versus 23.7% last year. The gross profit rate decrease of approximately 70 basis points was primarily driven by higher supply chain costs as a result of the increased mix of online revenue. International revenue of $647 million decreased 2.1% versus last year. This decrease was primarily driven by the impact of approximately 320 basis points of negative foreign currency exchange rates, which was partially offset by revenue from new stores opened in Mexico in the past year. International gross profit rate was 22.3% versus 24.2% last year. The gross profit rate decrease of approximately 190 basis points was primarily due to Canada, which was largely driven by a lower mix of higher-margin services revenue and higher supply chain costs as a result of the increased mix of online revenue.
Retail sales that occurred outside of stores increased 6.8% compared with October 2016. That’s a major deceleration from September, when nonstore sales increased 9.2% year over year.
New October retail sales data out this morning suggests that the fourth quarter could be off to a rocky start for e-commerce.
Growth in U.S. retail sales that take place outside of stores, known as nonstore sales, decelerated in October, with sales dropping 0.3% compared with September 2017, according to the U.S. Commerce Department.
Adjusted for seasonality, nonstore sales reached $52.14 billion in October, a 6.8% increase compared with $48.82 billion in October 2016. That’s a smaller gain than September, which experienced a 9.2% year-over-year increase, and August, during which nonstore sales grew 8.4% compared to prior year period.
Nonstore sales mainly take place online but also include other channels such as mail and telephone orders, door-to-door sales and sales through vending machines.
more at: https://www.digitalcommerce360.com/2017/11/15/nonstore-sales-growth-slows-significantly-october/