Consumers are expected to spend more this holiday season, according to data from The NPD Group, but how shoppers allocate their dollars could present new challenges for retailers.
Annual gains in homeowner spending for improvements and repairs are set to give out by the second half of next year, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
Ascential expects convenience stores, food discount stores such as Aldi, discount stores, a term it uses to designate dollar and related general merchandise stores, and membership club stores, to lead retail growth among traditonal operators in the U.S. over the next five years.
Members of Generation Z influence a significant amount of household purchases and enjoy spending their own money, according to the latest issue of the Consumer View report released by the National Retail Federation.
A significant proportion of consumers are feeling insecure about their personal data, according to a study from Deloitte, and many believe their information should be worth something.
The National Retail Federation said it expects holiday retail sales during November and December to increase between 3.8% and 4.2% over 2018 to a total of between $727.9 billion and $730.7 billion.
According to a study by Clutch, a B2B ratings and reviews platform, 54% of online shoppers are members of a subscription box service.
Bed Bath & Beyond has launched a new wedding registry category, Gift Experiences. In an exclusive partnership with experience platform Vebo, new and current registrants at Bed Bath & Beyond can now select and add Gift Experiences to their registry for more than 300 memorable experiences, in addition to adding items from the retailer’s product assortment.
The Universal Postal Union, in an Extraordinary Congress, has given the United States the go-ahead to raise postal shipping rates on packages under 4.4 pounds, and end a break that gave international firms a big advantage over domestic companies in moving small-item packages.
In an investment presentation, Best Buy highlighted the progress made on its Building the New Blue growth strategy, detailing how it plans to move forward with the initiative, with an emphasis on customer relationships and “winning the home,” as well as discussing the company’s long-term financial outlook.
Stein Mart has formed the SMart Council, a panel of 13 accomplished, fashion-savvy businesswomen from key markets throughout the U.S. where the company operates. The panel will provide insight into their shopping patterns, what issues frustrate them, offer solutions and share objective views of their Stein Mart shopping experiences to generate ideas to improve the customer experience.
Happy Returns is expanding its hassle-free returns experience with Cost Plus World Market. Under an expanded agreement, World Market will host Happy Returns’ Return Bars in all of its 276 stores across 122 metro areas nationwide.