Tag: retail trends
Father’s Day Spending to Reach Record $24 Billion
Father’s Day spending is projected to hit a record $24 billion this year, driven by consumers prioritizing unique and memorable gifts, with an average spend of nearly $200 per person.
Census Data Shows Steady Retail Sales in April as Tariff Concerns Continued
Despite concerns over tariffs, US retail sales in April showed continued consumer resilience, with modest monthly growth and strong year-over-year gains, supported by positive trends in jobs, wages, and energy prices.
NRF Chief Economist Says Economy Still Growing Despite Tariffs But ‘A Lot of People...
Despite continued job growth and consumer spending, rising trade tensions and erratic tariff policies have fueled widespread economic uncertainty and heightened recession fears, though a downturn has not yet materialized.
Mother’s Day Spending Expected to Reach $34.1 Billion
Consumer spending on Mother’s Day is projected to reach $34.1 billion in 2025, with 84% of U.S. adults celebrating and prioritizing thoughtful gifts and experiences despite economic uncertainty.
CNBC/NRF Retail Monitor Shows March Sales Grew Moderately Amid Tariff Concerns
Retail sales grew modestly in March after two months of declines, driven partly by consumers stocking up ahead of rising tariffs.
NRF Chief Economist Says 2024 ‘Ended on a High Note’
Economic growth withstood inflation, high interest rates, and other challenges in 2024 and is expected to continue showing strength in 2025, according to National Retail Federation Chief Economist Jack Kleinhenz.
Census Data for November Shows Holiday Spending ‘Clearly on Track’ to Meet NRF’s Forecast
Retail sales remained strong in November, with data from the US Census Bureau and NRF showing solid growth despite the late timing of Thanksgiving, supporting expectations for a successful holiday season.
Holiday Season Predictions: ‘Tis the Season to be Shopping
In this article by Tony D'Onofrio, read about his holiday shopping season predictions, covering everything from the busiest shopping days to the relevancy of physical stores.
Phygital vs Digital: How Retail Will Thrive in the Next 10 Years
In this article by Tony D'Onofrio, delve into the differences of phygital and digital and how it will impact the face of retail within the next ten years.
Will ‘The Steal’ Slow Self-Checkout and Frictionless Commerce?
In this article by Tony D'Onofrio, read how retailers are dealing with loss from self-checkout, and the technologies they're using to help.