A new study from Juniper Research indicates that the transaction values for physical goods sales online will grow from $3.3 trillion in 2020 to $4.4 trillion worldwide by 2025, with the 33% growth the difference represents hastened by the COVID-19 pandemic.
According to Digital Commerce 360, Amazon set another Prime Day record, with sales surpassing last year’s 48-hour event by 45.2%.
A recent Coresight Research study suggests that this upcoming holiday season will be one when previous trends will reverse or shift as consumers consider how they feel about where and when they spend money.
According to Coresight Research, 8.1% of consumers who plan to spend money on back-to-school this year will spend much more and 20.5% will spend slightly more compared to the buying season in 2019.
The Retail Robustness Index is a Coresight Research effort to determine which retailers are best able to cope with the coronavirus crisis and Costco now ranking second might not surprise anyone.
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.
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.
After a series of occurrences, including trade disputes, the COVID-19 pandemic and political conflicts, consumers in the U.S. are looking at China-made products in a more negative light, according to Coresight Research.
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.
In a May 6 survey, more consumers expressed a willingness to shop retail stores, but most remain wary, according to Coresight Research.
Fraud attempt rates in online retail reached 4.3% in April, slightly down from 5.3% in March but still up from 3.8% compared to the month last year, according to ACI Worldwide.
The COVID-19 pandemic will cause a significant and long-term change in shopping behavior, a Zion & Zion study indicated.
The Global Market Development Center’s (GMDC) latest research report identified a top opportunity for transformation in the retail industry: supporting consumers’ health and wellness.
The holiday 2017 shopping season will be the first when more consumers in the U.S. start shopping in the mid-season Thanksgiving weekend through Cyber Monday period rather than later, according to The NPD Group.
According to the J.D. Power 2016 Vacuum Satisfaction Study, Dyson ranked highest in the upright vacuum segment and Miele ranked highest in the…