In its effort to fight the recent $200 billion in tariffs imposed by the Trump administration, Walmart raised concerns with the U.S. Trade Representative about the potential economic impact tariffs could have on retailers, suppliers and consumers.
Profitect, a prescriptive analytics provider for the retail and consumer packaged goods industry, reported that, in a survey of Generation Z shoppers ages 18 to 22, 42% of respondents prefer to shop in-store versus online.
Despite some macro economic concerns among consumers and inclement weather in the U.S., retail sales gained in August, according to the National Retail Federation.
Sales of smart home devices with voice control, excluding smart speakers, will leap from just 154,000 units in 2018 to 32.3 million in 2025, according to the report “2018 Smart Home Devices with Voice Control” by Strategy Analytics.
Good Housekeeping magazine is teaming with the Mall of America and Amazon on its GH Lab pop-up retail store that will be open for a three month period beginning in early October.
Consumer confidence has gained in August after only marginally improving in July, according to The Conference Board.
U.S. demand for small kitchen electrics is expected to remain steady through 2022 and is forecast to rise 2.1%, according to a report from Freedonia Focus Reports.
As was detailed in the March 5 issue of HomeWorld Business, small-parcel delivery from the U.S. Postal Service, in compliance with rules set by the Universal Postal Union, can weigh heavily in the favor of overseas shippers versus those in the U.S., and now more is being done to correct that inequity.
According to a survey fielded by Market Force, Ikea is the favorite home furnishings retailer among consumers in the U.S. while Ace Hardware is their favorite home improvement chain.
In purchasing Whole Foods Market, Amazon became a major player in the grocery store channel, and also forced established retailers to go more boldly into the digital space. HomeWorld’s Supermarket Report looks at Amazon’s Whole Foods initiatives, online trends in the grocery channel and how technology is playing a key role.
Best Buy has signed a definitive agreement to acquire GreatCall, Inc. for $800 million in cash.
Prime Day has become an event, according to market research firm A.T. Kearney, with 63% of Amazon.com customers planning their participation in the promotion four days before its launch, but that doesn’t mean the e-tailer is the only company that benefited from the occasion.
The National Retail Federation has updated its retail sales forecast for 2018, declaring that tax reform and other economic inputs would boost revenues more than previously predicted but warning that tariffs threaten to dampen consumer confidence.