Retail Holiday Spend on Track for Steady Sales Growth
As we approach the holiday season, many retailers are hopeful, despite varying economic signals. Recent reports indicate that retail sales are expected to grow steadily during this critical time. Jack Kleinhenz, Chief Economist at the National Retail Federation (NRF), emphasizes…
UK Credit Card Loyalty Wanes Amid High Interest Rates
In the current economic landscape of the UK, consumer loyalty towards credit cards is diminishing as high interest rates create significant financial hurdles for many. Marqeta’s recent State of Credit Report indicates that these challenges are being felt acutely by…
Future Challenges for Shein and Temu: Slowing Growth in European Markets
The rapid rise of online retail platforms has reshaped consumer behavior and market structures across Europe. Among the key players that capitalized on this shift are Shein and Temu, two Asian online marketplaces that have gained significant traction. However, recent…
Survey Reveals Disconnect Between Retail Shoppers and Marketers
As we approach the holiday season, a recent survey conducted by Rakuten in collaboration with Harris Poll has brought to light a significant disconnect between the mindset of retail shoppers and their marketers. The findings reveal that a staggering 81%…
September Retail Sales Reveal Consumers Willing to Spend
The latest retail sales figures released by the U.S. Census Bureau indicate a resilience in consumer spending, despite the backdrop of economic uncertainty. In September 2024, retail sales grew by 0.4% from the previous month and rose 1.7% year-over-year. These…
Redbox Bankruptcy Leaves Retailers Dealing with Abandoned Kiosks
The recent Chapter 7 bankruptcy filing of Redbox has significant implications for major retail chains across the United States. With thousands of DVD and Blu-ray kiosks now stranded in storefronts like Walgreens, retailers are left grappling with a pressing question:…
Report Tracks Shoppers’ Shift to Plant-Based Foods
Recent insights from the “Plant-Based Migration Analysis” conducted by The Kroger Co., the Plant Based Foods Institute, and 84.51° reveal a significant trend in consumer behavior. For the fourth consecutive year, households that increased their plant-based food purchases have consistently…
Winter Holiday Spend Will Best 2023 Retail Sales
As the 2023 holiday season approaches, forecasts indicate that retail spending is set to rise significantly. According to the National Retail Federation (NRF), holiday spending is expected to grow between 2.5% and 3.5%, reaching an astonishing total of approximately $979.5…
Forrester Predicts 25% Drop in Brand Loyalty by 2025
In a striking revelation by Forrester Research, a potential 25% drop in brand loyalty among consumers is expected by the year 2025. This prediction primarily stems from rising prices that force consumers to explore more cost-effective alternatives. As the dynamics…
Spirit Halloween Morphing into Spirit Christmas This Holiday Season
As the festive season approaches, Spirit Halloween is taking a bold new step by transitioning into Spirit Christmas. This change comes after years of successful pop-up retailing in the fall, making the leap into winter festivities. According to a report…
