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Shutterfly survey reports young consumers prefer physical holiday cards Market research News 

Shutterfly survey reports young consumers prefer physical holiday cards

GaryPageau
Shutterfly released the results of a survey of 2,000 adults conducted by OnePoll regarding trends in holiday cards and gifting across both product categories, spanning generations. The survey found a resurgence in the popularity of tangible holiday expressions and that traditional physical cards and personalized gifts reign supreme in conveying the sentiment of the season, the company said. According to... Read More
NRF: 2023 holiday to reach record spending levels  Market research 

NRF: 2023 holiday to reach record spending levels 

GaryPageau
The National Retail Federation (NRF) forecast that holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion. “It is not surprising to see holiday sales growth returning to pre-pandemic levels,” said Matthew Shay, President and CEO , NRF. “Overall household finances remain... Read More
IDC: Worldwide smartphone shipments on track for recovery Market research 

IDC: Worldwide smartphone shipments on track for recovery

GaryPageau ,
Worldwide smartphone shipments were flat year over year to 302.8 million units in the third quarter of 2023 (3Q23), according to preliminary data from the International Data Corp. (IDC) Worldwide Quarterly Mobile Phone Tracker. Although macroeconomic uncertainties linger as markets struggle with soft demand, inflation, and geopolitical tensions, healthy inventory and the slower pace of decline are encouraging some vendors to... Read More
NRF: Retail sales grew in September, but core year-over-year gains are slowing Market research 

NRF: Retail sales grew in September, but core year-over-year gains are slowing

GaryPageau
Retail sales continued to grow in September even as consumers faced continuing economic pressures, said the National Retail Federation (NRF). “September retail sales show that consumers have retained the ability and willingness to spend despite accumulating economic headwinds from higher interest rates and slowing growth,” said Matthew Shay, President and CEO, NRF. “As we gear up for the holiday season,... Read More
NRF economist says U.S. economy still shows resilience Market research 

NRF economist says U.S. economy still shows resilience

GaryPageau
The U.S. economy is continuing to grow even as labor disputes across the country and uncertainty created by Congress add to the ongoing challenges of inflation and high interest rates, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). ”As Gilda Radner used to say on ‘Saturday Night Live,’ ‘If it’s not one thing, it’s another,’ ” Kleinhenz said. “This is... Read More
NRF: Halloween spending to reach record $12.2 billion Market research 

NRF: Halloween spending to reach record $12.2 billion

GaryPageau ,
Total Halloween spending is expected to reach a record $12.2 billion, exceeding last year’s record of $10.6 billion, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics. A record number of people (73%) will participate in Halloween-related activities this year, up from 69% in 2022. “More Americans than ever will be reaching into their wallets... Read More
NRF: Retail sales grew again in August despite slowing economy Market research 

NRF: Retail sales grew again in August despite slowing economy

GaryPageau
Retail sales rose in August as parents shopped for school supplies and other goods even as inflation continued and interest rates remained high, reported the National Retail Federation (NRF). “August retail sales show that consumers remain steadfast in the face of continued inflation and higher interest rates,” said Matthew Shay, NRF President and CEO. “Consumers are focused on household priorities,... Read More
Photo and video app revenue and downloads continue to boom Market research 

Photo and video app revenue and downloads continue to boom

GaryPageau
Photo and video apps are more popular than ever. According to data presented by OnlyAccounts.io, photo and video apps have seen their revenue more than triple in five years, reaching $12 billion in 2023, according to a blog post by Jastra Kranjec, an editor, writer, and PR specialist with years of experience in news, research, and report writing. The 2022 Statista Global Customer... Read More
NRF: Economy is expanding but momentum is slowing Market research 

NRF: Economy is expanding but momentum is slowing

GaryPageau
The economy is still growing, but not as fast as it was earlier this year, said National Retail Federation Chief Economist Jack Kleinhenz. “The U.S. economy continues to expand but recent data is signaling a slowdown in its momentum,” Kleinhenz said. “The economy is slowing but not halting.” “Progress has been made on combating inflation, but higher prices remain,” Kleinhenz... Read More
IDC: Smartphone shipments forecast to reach lowest volume in a decade Market research News 

IDC: Smartphone shipments forecast to reach lowest volume in a decade

GaryPageau
Worldwide smartphone shipments are forecast to decline 4.7% year over year in 2023 to 1.15 billion units, the lowest volume in a decade, according to the International Data Corp. (IDC) Worldwide Quarterly Mobile Phone Tracker. This is a downward revision from IDC’s previous forecast of -3.2%, driven by a weaker economic outlook and ongoing inflation, which has dampened consumer demand and... Read More
Exploring Operational Excellence for Business Expansion with Alicia Butler Pierre Market research News Podcasts 

Exploring Operational Excellence for Business Expansion with Alicia Butler Pierre

GaryPageau ,
Gary Pageau of the Dead Pixels Society talks with Alicia Butler Pierre, the founder, and CEO of Equilibria, Inc., about operational excellence. The conversation revolves around the critical role of operational excellence in business expansion, sharing her company’s unique approach to tackling issues like high turnover, audits, and escalating customer complaints using the Lean Six Sigma framework. The discussion moves beyond just identifying problems, delving into... Read More
NRF: Retail sales rose sharply in July amid Prime Day, back-to-school sales, rising wages Market research 

NRF: Retail sales rose sharply in July amid Prime Day, back-to-school sales, rising wages

GaryPageau ,
Retail sales reversed their downward trend in July as Prime Day and major promotions by other brands prompted increased shopping while wage increases gave consumers more money to spend, according to the National Retail Federation. “July retail sales show consumers continue to drive the economy through this period of economic pressure with robust spending supported by steady job growth and... Read More
NRF: Economist says growth in consumer spending is slowing Market research News 

NRF: Economist says growth in consumer spending is slowing

GaryPageau
U.S. consumers are still buying more than last year, but spending growth is slowing as the economy settles down amid higher interest rates intended to reduce inflation, according to Jack Kleinhenz, chief economist of the National Retail Federation.“The economy was clearly more resilient in the first half of this year than many expected, and the consumer environment has been positive... Read More
IDC: Worldwide smartphone shipments continue to decline with 7.8% Market research 

IDC: Worldwide smartphone shipments continue to decline with 7.8%

GaryPageau ,
Worldwide smartphone shipments declined 7.8% year over year to 265.3 million units in the second quarter of 2023 (2Q23), according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. While this marks the eighth consecutive quarter of contraction as the market struggles with soft demand, inflation, macroeconomic uncertainties, and excess inventory, the rate of decline is... Read More
The Knot shows photographers are key wedding vendor Market research 

The Knot shows photographers are key wedding vendor

GaryPageau
Global event marketplace The Knot Worldwide launched its 2023 Global Wedding Report, encompassing findings from a study of more than 25,000 people who got married in 2022 across 15 countries. After enduring the effects of COVID-19, data shows that couples are investing in vendors and guest experience while managing the state of the economy. “The wedding industry was resilient throughout COVID-19... Read More