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Revenue concerns surge as inflation remains dominant challenge for small businesses Market research News 

Revenue concerns surge as inflation remains dominant challenge for small businesses

GaryPageau 0 comment
Small business owners reported a dip in confidence this quarter across measures of business health, cash flow, and increases in staff, according to findings from the Q1 MetLife and U.S. Chamber of Commerce Small Business Index. Notably, concern for revenue increased by 10 percentage points to 35%, reaching the highest level of concern since Q3 2021 (34%), when tracking of... Read More
NRF: Census retail sales data shows consumers are ‘Aapprehensive’ Despite ‘Healthy’ Economic Fundamentals Market research News 

NRF: Census retail sales data shows consumers are ‘Aapprehensive’ Despite ‘Healthy’ Economic Fundamentals

GaryPageau 0 comment
Data released today by the U.S. Census Bureau showed modest month-over-month retail sales growth in February amid consumer worries over inflation and Washington policy decisions, National Retail Federation Chief Economist Jack Kleinhenz said. “Lower-than-expected consumer spending in the first couple of months of the year likely reflected payback for very strong spending in the fourth quarter and weather-related events since... Read More
CNBC/NRF Retail Monitor shows February sales were down monthly amid tariff concerns Market research News 

CNBC/NRF Retail Monitor shows February sales were down monthly amid tariff concerns

GaryPageau
Retail spending declined on a monthly basis in February amid concern over tariffs. Still, it continued to grow year over year as the economy remained strong, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation (NRF). “Consumer spending dipped slightly again in February due to the combination of harsh winter weather and... Read More
NRF Chief Economist says data ‘remains strong’ but public policy uncertainties ‘blur the rconomic outlook’ for 2025   Market research 

NRF Chief Economist says data ‘remains strong’ but public policy uncertainties ‘blur the rconomic outlook’ for 2025  

GaryPageau
Strong economic performance seen in 2024 is expected to carry over and influence growth this year, but there is a wide range of uncertainty as the White House and Congress make decisions that will impact the economy, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “While the U.S. economy has entered 2025 with a fair amount of momentum, the... Read More
NRF: Census data shows slower retail sales in January, but economy still expands Market research 

NRF: Census data shows slower retail sales in January, but economy still expands

GaryPageau ,
Data released by the U.S. Census Bureau shows retail sales slowed in January following a strong holiday season but still rose year over year, said Jack Kleinhenz, chief economist, the National Retail Federation (NRF). “It’s reasonable to expect some slowdown from the vigorous 2024 holiday season, so January’s numbers are not a surprise and don’t contradict the consumer spending trends... Read More
Rise Above Research estimates more than 2.5 trillion images will be taken worldwide in 2029 Market research 

Rise Above Research estimates more than 2.5 trillion images will be taken worldwide in 2029

GaryPageau
The number of photos captured globally each year is reaching into the trillions. Driven primarily by the number of smartphones in use and their continued popularity for capturing photos, Rise Above Research estimates the annual number of photos captured globally will exceed 2.5 trillion by 2029. To put that into perspective, that’s more than 300 photos per year for every... Read More
CNBC/NRF Retail Monitor: January sales drop from busy December but strong gains year over year Market research 

CNBC/NRF Retail Monitor: January sales drop from busy December but strong gains year over year

GaryPageau
Shoppers spent less in January than they did during the busy holiday month before but retail sales had strong year-over-year gains nonetheless, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by the National Retail Federation (NRF). “Consumers pulled back in January, taking a breather after a stronger-than-expected holiday season,” said Matthew Shay, president and CEO, NRF. “Despite... Read More
CIPA sales figures show big jumps in digital camera sales Market research News 

CIPA sales figures show big jumps in digital camera sales

GaryPageau
The Camera & Imaging Products Association (CIPA) published its a monthly report on camera and lens shipments for November 2024, showing the total number of interchangeable lens cameras (ILCs, further subdivided into DSLRs and mirrorless), compact cameras, and lenses for the month is growing. The figures show all camera shipments for November 2024 were 27.2% higher than in November 2023,... Read More
NRF: Holiday season was a notable success as ‘consumers came out to spend’ Market research 

NRF: Holiday season was a notable success as ‘consumers came out to spend’

GaryPageau
Data released today by the U.S. Census Bureau shows core retail sales during the 2024 holiday season grew an unexpectedly high 4% over 2023 to a record $994.1 billion, coming in ahead of the National Retail Federation’s forecast, NRF said. Sales for the full year grew 3.6% over 2023 to a record $5.28 trillion. “Consumers came out to spend this... Read More
December CNBC/NRF Retail Monitor Results Show Strong Growth Boosted by Final Thanksgiving Weekend Days Market research News 

December CNBC/NRF Retail Monitor Results Show Strong Growth Boosted by Final Thanksgiving Weekend Days

GaryPageau , ,
Retail sales jumped strongly in December, boosted in part by two busy holiday shopping days during Thanksgiving weekend falling in the final month of the year, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation (NRF). “Growth rebounded strongly in December from a misleadingly weaker November as the result of the final... Read More
NRF: Chief economist says 2024 “ended on a high note” Market research 

NRF: Chief economist says 2024 “ended on a high note”

GaryPageau
Economic growth withstood inflation, high interest rates, and other challenges in 2024 and should continue to show strength in 2025, said National Retail Federation Chief Economist Jack Kleinhenz. “The U.S. economy ended 2024 on a high note and the outlook looks promising for 2025,” Kleinhenz said. “Recent performance shows the economy is on solid footing and has been growing at... Read More
Lensrentals top rented photo and video products of 2024 report has some surprises Market research News 

Lensrentals top rented photo and video products of 2024 report has some surprises

GaryPageau , , ,
Leading gear rental site Lensrentals released its annual rental data review, which identifies the most popular gear rented throughout the calendar year. As the company has done for the past several years, the annual report provides some interesting insight into the popularity of brands and products. For example, the five most popular products rented were Canon lenses; indeed, Canon products... Read More
Circana: Black Friday, Cyber Monday technology sales grow 4% as holiday season sales start strong Market research 

Circana: Black Friday, Cyber Monday technology sales grow 4% as holiday season sales start strong

GaryPageau , ,
U.S. consumers flocked to retailers online and in stores during the weeks of Black Friday and Cyber Monday to purchase technology products. According to the latest retail sales data from Circana, total U.S. consumer technology spending grew 3.5% during the two weeks ending Dec. 7, 2024, compared to the same two promotional weeks a year ago. After eight straight quarters of... Read More
NRF: Census data for November shows holiday spending ‘clearly on track’ to meet NRF’s forecast Market research 

NRF: Census data for November shows holiday spending ‘clearly on track’ to meet NRF’s forecast

GaryPageau
Following an early start to holiday shopping in October, data released today by the U.S. Census Bureau shows solid retail sales continued as the holiday season officially got underway in November, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “November’s results show a strong start to the traditional holiday season,” Kleinhenz said. “These numbers combined with better-than-expected October sales... Read More
NRF: 57 million consumers to shop on Super Saturday Market research News 

NRF: 57 million consumers to shop on Super Saturday

GaryPageau ,
An estimated 157.2 million consumers plan to shop on the last Saturday before Christmas, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. The estimate is up from 141.9 million Super Saturday shoppers last year and is the second-highest number after 2022’s 158.5 million figure. “Super Saturday is one of the last opportunities... Read More