Michigan Retail Index, October 2025 In questions 1-5, please indicate month vs. month changes, not year vs. year change Question Title * 1. In September, did your sales? Increase Decrease Not change Please elaborate on sales activity in the last month. Question Title * 2. In September, did your inventory levels? Increase Decrease Not Change Please elaborate if your inventory levels are uncomfortably high or low. Question Title * 3. In September, did your price levels? Increase Decrease Not Change Question Title * 4. In September, did the intensity of your marketing/promotions? Increase Decrease Not Change Question Title * 5. In September, did your employment levels? Increase Decrease Not Change Question Title * 6. Compared with 12 months ago, has your number of job openings Increased Decreased Not Changed Other (please specify) Question Title * 7. In the next 3 months, do you expect your sales to? Increase Decrease Not Change Question Title * 8. In the next 3 months, do you expect your inventory levels to? Increase Decrease Not Change Question Title * 9. In the next 3 months, do you expect your prices to? Increase Decrease Not Change Question Title * 10. In the next 3 months, do you expect the intensity of your marketing/promotions to? Increase Decrease Not Change Question Title * 11. In the next 3 months, do you expect your employment levels to? Increase Decrease Not Change Question Title * 12. What is your current projection for your percentage sales increase or decrease, compared to last year, for the upcoming holiday season (4th quarter 2025 vs. 4th quarter 2024)? Increase more than 10% Increase between 6-10% Increase between 0-5% Same Decrease between 0-5% Decrease between 6-10% Decrease more than 10% Comments Question Title * 13. Are tariffs impacting holiday season inventory? Significant decrease Slight decrease No impact Slight increase Significant increase Question Title * 14. Are tariffs impacting holiday season pricing? Significant decrease Slight decrease No impact Slight increase Significant increase Question Title * 15. What is your specialty? Furniture/Appliances Electronics/Computers Gifts Apparel/Accessories/Shoes General Merchandise/Department Stores Jewelry Groceries/Specialty Foods Automotive Service Restaurants Personal Services Other Other (please specify) Question Title * 16. What is your zip code? Question Title * 17. Please provide any additional comments you may have. Done