After rebounding for two months, consumer sentiment fell in early October, with 42.7% of consumers saying they are confident or very confident in the prospects for the economy, according to Prosper Insights & Analytics.
The International Council of Shopping Centers is predicting a 3.3% year-over-year growth in retail sales at brick-and-mortar stores this holiday season.
Retailers in the United States should gear up for the holidays not only with merchandise and additional employees but also with more supply and fulfillment center resources as, according to eMarketer, digital sales will jump 17.2% in November and December.
The Conference Board said its Consumer Confidence Index improved in September after gaining in August, and now rates the strongest since the recession.
Consumer sentiment has rebounded significantly from early summer, with 46.1% of those surveyed by Prosper Insights & Analytics confident or very confident in the strength of the economy.
The NPD Group, as part of its Checkout Tracking studies, recently ran an analysis to look at the behavior of Amazon Echo purchasers, and the speaker/smart home hub link to Amazon’s voice command Alexa service is turning into a key influence on owners.
Over the coming year, homeowner remodeling activity is projected to accelerate, keeping the rate of growth above its long-term trend, according to the Leading Indicator of Remodeling Activity (LIRA) recently released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.
After conducting a study of adults planning to shop for back-to-school merchandise, A.T. Kearney, a strategy and consulting firm, said that almost 80% of consumers plan to spend the same or more on back-to-school shopping this season versus the 2015 period, despite a 3.4% drop in consumer confidence from this time a year ago.
According to the National Retail Federation, the average family will spend about the same on Independence Day cookouts and picnics…