NRF: Holiday Spending Still on Track for Growth
The National Retail Federation still sees steady sales growth for the winter holiday season — despite recent economic indicators that paint a different picture, said NRF Chief Economist Jack Kleinhenz.
Sales Rise in December to Help Fuel Solid Holiday for Retailers
Core retail sales – excluding restaurants, autos and gas – edged up 0.19% month-over-month and 2.4% year-over-year in December, according to the CNBC/Retail Monitor. That compared with increases of 0.73% month-over-month and 4.17% year-over-year in November.
Holiday Sales Growth To Slow This Year
Holiday retail sales are slated to increase at a slower rate than last year, retail industry groups and consultants say, as consumers continue to face strains from higher prices.
Report: Many Consumers Still Willing Spenders
Senior retail leaders are more pessimistic about consumer
confidence to spend in the face of inflation than consumers
themselves indicate.
Retail Spending Flat in Sept. Amid High Inflation
U.S. retail spending stalled in September as shoppers faced
high inflation and rising interest rates.
KPMG: Inflation To Increase Holiday Spend
Shoppers’ average holiday spending will be higher this year than last, but it won’t be enough to dent the impact of inflation.
Consumers Cautious, but Still Spending
Concerns about high inflation and the Federal Reserve interest rate hikes intended to bring spending under control, but they haven’t stopped consumers, Chain Store Age reports.
Study: Holiday Shoppers Expect To Spend Less
Signaling shoppers’ budget concerns, a Gartner survey of 306 consumers during July found that more than a fourth (28%) expect to spend less this holiday season while 10% will spend more this year than in years prior.
Consumers Held the Line on Spending in August
Real average monthly spending was flat and rising core inflation coincided with a substantial decline in Morning Consult’s Consumer Purchasing Power Barometer in August, with both sticker shock and trading down behavior increasing.
Roku: Streaming Ads Having Holiday Impact
Holiday shoppers are streaming more and are increasingly apt to engage with interactive ads and look up brand or product reviews after seeing streamed ads, according to Roku’s 2022 fifth annual holiday consumer shopping study.
Inflation To Mute Holiday Retail Sales
Retail spending growth is expected to slow during the 2022 holiday season as higher costs continue to weigh on consumer budgets, according to a new forecast by Deloitte.
Kroger Making Data Available For Programmatic CTV Ads
Kroger Precision Marketing, the retail media business of supermarket giant Kroger, has opened its programmatic marketplace, enabling video and connected TV buyers to target ads using shopping data on consumer packaged goods.
Consumers Poised To Spend for Labor Day
The end of the summer may not be such a sad occasion for retailers. According to the 2022 Labor Day Weekend Consumer Survey Report from market research data and technology company Numerator, expected impacts from inflation and the pandemic on consumer Labor Day spending are on the decline.
Retail Sales Stall in July as Gas Prices Decline
U.S. retail sales were unexpectedly unchanged in July as falling gasoline prices weighed on receipts at service stations, but consumer spending appeared to pick up at the start of the third quarter, further Reuters reports.
Survey: U.S. To Spend Less on Christmas ’22
Special occasions are taking a big hit as consumers adjust their spending amid financial concerns fueled by inflation, Chain Store Age reports.
High-End Furniture Chain RH Has Slashed Its Outlook for 2022 Revenue
High-end furniture chain RH on Wednesday slashed its outlook for 2022 revenue, anticipating consumer demand for its products will continue to soften in the back half of the year.
Latest Retail Sales Data Shows Where Consumers Are Pulling Back
The retail industry is up against a potential wave of bankruptcies following a months-long slowdown in restructuring activity.
Retailers Have Too Much Inventory
Consumers, rejoice. This could be the year of clearances and deals, The Wall Street Journal reports.
Father’s Day Spending on Par With 2021
Consumer spending this Father’s Day (June 19) is expected to total $20 billion, nearly on par with last year’s record-setting figure of $20.1 billion, according to the annual consumer survey by the National Retail Federation and Prosper Insights & Analytics.
April Retail Sales Rise Amid Consumer Resilience
U.S. retail sales rose strongly in April as consumers spent more on motor vehicles amid an improvement in supply and increased spending at restaurants, providing a powerful boost to the economy at the start of Q2, Reuters reports.