Retail sales dropped almost twice as much during April as they did in March as the nation’s economy saw its first full month when most businesses were closed because of the coronavirus pandemic, the National Retail Federation said.
The COVID-19 pandemic will cause a significant and long-term change in shopping behavior, a Zion & Zion study indicated.
Shopkick surveyed more than 16,000 consumers across the country to gain insights into 2020 shopping habits. The shopping rewards app looked at purchasing behavior, the use of mobile, brand loyalty and more.
Super Saturday (December 21) continues to be the biggest shopping day of the year with an estimated 147.8 million U.S. consumers expected to participate, up from 134.3 million last year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.
Retail sales in November increased only 0.1% seasonally adjusted over October and were up 2.1% unadjusted year-over-year, the National Retail Federation reported. The numbers exclude automobile dealers, gasoline stations and restaurants.
More than half of consumers began shopping for the holiday by the first week of November and almost a quarter of purchases were made by then, according to an annual survey published by the National Retail Federation and Prosper Insights & Analytics.
Retail sales in October increased 0.2% seasonally adjusted over September and were up 4.2% unadjusted year-over-year, the National Retail Federation said. The numbers exclude automobile dealers, gasoline stations and restaurants.
Weeks before the Thanksgiving holiday and what traditionally was the start of the holiday shopping season, consumers have been out buying gifts. But for many, the annual trek to their favorite store or local mall has not yet begun.
The consumer spend will gain but experiences continue to weigh against product purchasing as the holiday season approaches, according to Deloitte’s annual Holiday Survey. Two-thirds of respondents stated that they plan to spend on travel or socializing outside their homes as part of their year-end festivities.
Von Maur Department Store has opened a new store at Orland Square Mall in Orland Park, Ill. The 130,000-square-foot store is the company’s seventh location in Illinois.
With the holiday shopping season on the horizon, Target is building on several current programs officials with the retailer said will make finding the right gift for family and friends easier.
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.
Retail sales in September were up 4.5% year-over-year, but down 0.1% seasonally adjusted from August as the National Retail Federation cited ongoing consumer concerns over U.S.-China tensions for the slight decrease between August and September.
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.
As JetBlack continues to expand its subscriber base in areas of New York City where it operates, the company is also using its personnel and technology to build a new retail experience for consumers.
With the back-to-school/back-to-college shopping season in full swing across many parts of the country, the challenge of finding the right products for those heading back to class is again facing students and their families.
Retailers with brick-and-mortar and e-commerce operations continue to benefit from having both, according to a recent study from the International Council of Shopping Centers (ICSC).
Despite continued concerns about the impact of tariffs on prices of consumer products, shoppers started the summer season by opening their wallets.
According to consulting firm Deloitte, 2019 back-to-school spending should come in flat to slightly higher versus last year, likely up about 1.8%, with gains largely occurring online.
Consumers are embracing the use of retail technology to improve their shopping experience, according to the latest consumer view survey released by the National Retail Federation.