More than one in six consumers said they will use their mobile phones to buy gifts during the holiday shopping season, according to the “Holiday Purchase Intentions Survey” from The NPD Group.
Author Greg Sleter
As the 2018 holiday shopping season hits the home stretch, Amazon is extending its free shipping promotion while also expanding its Prime one-day shipping program.
Small home appliances ranging from food prep electrics to robotic vacuums and home environment appliances were among the top-selling products during the Thanksgiving Holiday weekend, according to The NPD Group.
A hedge fund run by Sears Holdings chairman Edward Lampert and Cyrus Capital Partners are reportedly working together to prepare a bid to take over the bankrupt retail chain.
While the issue of tariffs has been much discussed throughout 2018, retailers and housewares product suppliers have expressed concern about their potential impact on consumer buying habits.
With initial reports indicating that holiday shopping over the Thanksgiving holiday weekend into Cyber Monday was strong, it appears that housewares played a key role in the positive sales momentum in stores and online.
Small electrics supplier Kalorik is teaming with Bluestar Alliance on a licensing agreement related to the Brookstone brand.
An estimated 164 million people are planning to shop Thanksgiving Day through Cyber Monday, according to a survey from the National Retail Federation and Prosper Insights & Analytics.