Retail News

A new study from Sensormatic Solutions shows just how important the sustainability of companies is to consumers in the US.

Retail sales showed a strong year-over-year gain in February, but the monthly pace slowed compared with January as inflation drove up prices and lingering effects of the COVID-19 omicron variant affected the supply chain.

The National Retail Federation issued its annual forecast, anticipating that retail sales will grow between 6 percent and 8 percent to more than $4.86 trillion in 2022.

Sponsored by Microsoft, the award recognizes academics, analysts, association leaders, industry experts, and media members who are at the forefront of retail industry thought leadership.

The global smart retail market is estimated to be $23.47 billion in 2021 and is expected to reach $51.48 billion by 2026.

Retail sales powered through COVID-19’s omicron variant, inflation, and other challenges to post strong increases in January, according to the NRF.

Valentine’s Day spending is expected to reach $23.9 billion this year, up from $21.8 billion in 2021 and the second-highest year on record.

The United States appears to be at the midpoint of an economic cycle that should continue to see growth, according to the NRF.

A new report released today by the National Retail Federation and ApprissRetail shows that retailers expect more than $761 billion in merchandise sold last year to be returned by consumers.

Sensormatic Solutions has released its annual traffic and behavior trends recap for the 2021 holiday season for the US and Canada.