In its 2020 Back-to-School and Back-to-College studies, Deloitte determined that, amid financial concerns, back-to-school spending will likely remain flat, reaching a collective $28.1 billion for kindergarten through grade 12 students, or approximately $529 per student.
Housewares product developers or retailers looking for guidance on where to focus critical resources in the coming months and years can find some insights in a new webinar series from the International Housewares Association. The six-part series, which runs Tuesday and Thursdays July 9-28 and features the newly created IHA Market Watch report, offers a deep-dive into each of five key consumer lifestyle trends, highlights shifts in light of the pandemic and includes implications for both suppliers and retailers.
Retail sales this year will come up short of 2019 totals, but e-commerce sales will take a bigger than expected leap, according to research from eMarketer.
According to market research firm Numerator, the week of June 7 saw household shopping visits in the U.S. come up even with the frequency seen a year earlier.
During the height of the coronavirus pandemic, as more people spent time indoors, they also spent more time in their kitchens. This spurred the consistent use of cookware as consumers created more meals at home as well as experimented with different recipes— and ignited a return to the purchase of cookware sets.
According to Coresight Research, almost half of consumers have a negative view of Made in China products.
The broader retail sector in the U.S. could take years to recover from the impact of the COVID-19 pandemic, eMarketer has asserted, but e-commerce will be a bright spot.
A new report from global market research company Euromonitor International identifies six themes it identified as reshaping consumer goods and services in the aftermath of the COVID-19 pandemic.
Minneapolis-based Target has responded to the death of George Floyd, boosting its community support in the wake of protests and associated disruptions at some of its stores, including its Lake Street store, near where Floyd was killed.
According to Placer.ai, January to May foot traffic cross-shopping patterns over the past three years may provide some indication of who stands to benefit from Pier 1’s demise.
As consumers are spending more time at home during this time of social distancing, many are looking to the comforts of the kitchen to provide some normalcy. Others are delving into home cooking and baking projects that they never felt they had the time for before now. However, none have become more popular than baking bread. Yeast and flour have been in short supply around the country, while social media pages have been inundated with photos of homemade baguettes, sourdoughs and challahs.
Lee Eiseman’s second keynote presentation on color, an update on the next normal for consumer thinking and opportunities of seasonal trends are topics of upcoming webinars in the ongoing virtual education series developed by the International Housewares Association.
Target is making its products available through Instagram Checkout. Consumers on Instagram can make their purchase with just a few taps, the company said.
According to the latest Coronavirus Insights U.S. Survey report from Coresight Research, consumers remain wary of how the COVID-19 outbreak and measures to contain it will proceed, with online retail again benefiting from their concern.