ANTAD Reports June Retail Sales Drop, Worst June Since 2014

Overview

• ANTAD recorded a 1.6% nominal decline in comparable‑store sales for June 2026, the first month‑on‑month comparable drop in 15 months and the weakest June since 2014 excluding pandemic years.
• Sales that include newer stores rose 0.6% in June while the chains reported 138.4 billion pesos for the month and 814 billion pesos for the January–June period.
• The decline hit formats unevenly with department stores down 3.7% and autoservicios down 2.7% in comparable sales while specialized stores grew 3.1% for the month.
• ANTAD points to a calendar effect — June 2026 had one fewer Sunday than June 2025 — and to World Cup viewing patterns that shifted foot traffic, though analysts note broader signs of softer consumption earlier in the year.
• June’s retail figures sit against a 3.37% annual inflation rate and a positive six‑month sales accumulation, which means the drop could be short lived but also flags risks to discretionary spending and pressure on margins for large department and supermarket chains.