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“NRF: Father’s Day Spending to Total $22.4B” by Melissa Campanelli via Total Retail

by admin | Jun 3, 2024 | Consumer Behavior, Holiday, News, Predictions, Retail Economy

Credit: Getty Images by andresr Father’s Day spending is expected to reach $22.4 billion this year, according to an annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. This is the second...

“Monthly retail sales from the US Commerce Department – Retail sales in March soar more than 5% beating inflation” by Daphne Howland and Caroline Jensen via Retail Dive

by admin | Apr 18, 2024 | Brick & Mortar, News, Predictions, Retail Economy

Photo Illustration: Shaun Lucas/Industry Dive; Getty Images The department’s Census Bureau tracks estimates each month. Retail Dive provides the numbers for key segments, and their year-over-year progress, or decline. Editor’s Note: Comparisons for individual segments...

“Apparel Retail Prepares for an Uncertain Holiday Season” by Dennis Limmer via Retail Dive

by admin | Nov 23, 2023 | Apparel /Fashion, Brick & Mortar, Holiday, News, Predictions, Retail Economy, Retail Strategy

PHOTO BY PARKER BURCHFIELD ON UNSPLASH In the past year, apparel retailers such as Gap Inc. and Urban Outfitters battled an inventory surplus, forcing them to heavily discount items. This summer, they reported smoother sales, considerably reducing the need for...

“Americans plan to keep cutting back on spending through the holidays, new survey says” by Harriet Taylor via CNBC

by admin | Sep 18, 2023 | Brick & Mortar, Inventory Management, News, Predictions, Retail Economy

Shoppers along the Magnificent Mile shopping district in Chicago, Illinois, US, on Tuesday, Aug. 15, 2023.  Jamie Kelter Davis | Bloomberg | Getty Images KEY POINTS The vast majority of adults (92%) have reduced their spending over the past six months, according...

“US retail sales beat estimates with a 0.7% bump in July” by Erin Cabrey via Retail Brew

by admin | Aug 15, 2023 | News, Predictions, Retail Economy

Spencer Platt/Getty Images US consumers upped their spending at retailers in July, with retail sales beating expectations with a 0.7% rise month over month, according to Census Bureau data. Year over year retail sales were up 3.2%, in line with the higher...

“Back-to-school spending to rise 15.7% this year: JLL” by Tatiana Walk-Morris via Retail Dive

by admin | Jun 29, 2023 | Brick & Mortar, Consumer Behavior, Merchandising, News, Predictions, Retail Economy, Retail Strategy

Children run to catch a school bus. Inflation continues to eat into parents’ budgets, with many planning to spend more for the same amount of items. FatCamera via Getty Images Dive Brief: With ongoing inflation woes, parents plan to spend 15.7% more this...