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.

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.

6 Things To Know About the 2022 Holiday Shopping Season

Long before Halloween candy goes on sale, retailers are beginning to put out their holiday merchandise and offer deals targeting early shoppers. Is this the new normal? Are shoppers ready? What role does the economy play?

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.

Holiday Spending To Hold the Line

Consumers appear set to spend this holiday season. Roughly three out of four shoppers plan to spend the same or more on holiday shopping as they did last year, according
to Holiday Report, a study by Samba TV and HarrisX.

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.

Holiday Shopping Intent Looks Strong

According to the 2022 Holiday Preview from market research data and technology company Numerator, roughly six in 10 (59%) surveyed consumers expect to spend more than $200 on holiday purchases in 2022.

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.