Amazon is gaining with teenage consumers, investment bank Piper Jaffray concluded from the results of its 33rd semi-annual “Taking Stock With Teens” research survey.
Americans will spend more than ever to celebrate St. Patrick’s Day this year, according to a holiday study released by the National Retail Federation and conducted by Prosper Insights & Analytics.
Consumer confidence in a strong economy going forward continued its slide in early February when a Prosper Insights and Analytics survey pegged it down two points from a similar study in early January, with the proportion of consumers looking forward to good financial news at 50.1%.
December retail sales gained substantially from November and, particularly, year over year, according to the United States Department of Commerce, boosted by e-commerce but restrained by department and electronics store results.
According to Prosper Insights & Analytics, consumer sentiment leapt higher in early December when 54.5% of respondents in the company’s research said they were confident or very confident in the prospects for an improving economy, up from 42.7% in early November.
Early results from holiday shopping over the Thanksgiving weekend were a mixed bag as more consumers visited their favorite stores and websites, but spent less on average, according to the National Retail Federation.
With the election behind them, consumers seem to be eager to see the deals retailers will offer for the biggest shopping weekend of the year, with 59% of Americans— an estimated 137.4 million people— planning to or considering shopping during Thanksgiving weekend, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics.
According to Deloitte, 76% of Americans plan to shop over the Thanksgiving holiday weekend.
Prosper Insights & Analytics has released its “Holiday 2016: Top Trends,” which includes somewhat restrained consumer spending plans but a more flexible outlook on purchasing.
Strong gains in home renovation and repair spending are expected to continue into next year before tapering, 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.
More than seven in 10 consumers will shop online for at least some of their holiday season needs, with nearly 80% of Millennials saying they will use the Internet to address their gift-giving needs, according to The NPD Group’s 2016 Holiday Purchase Intentions Survey.
In September, personal income increased 0.3% from August, the United States Commerce Department’s Bureau of Economic Analysis reported, while disposable personal income increased 0.3% and personal consumption expenditures advanced 0.5%.