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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 , 0 comment
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 0 comment
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
CNBC/NRF Retail Monitor: Sales grew in November Market research News 

CNBC/NRF Retail Monitor: Sales grew in November

GaryPageau
Moderate retail sales growth continued in November even as two of the holiday season’s busiest shopping days bumped over into December and weren’t included in the month’s totals, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by the National Retail Federation. “November sales increased on top of a strong October and would have been even higher if... Read More
NRF and Happy Returns Report: 2024 retail Returns to total $890 billion Market research 

NRF and Happy Returns Report: 2024 retail Returns to total $890 billion

GaryPageau ,
Returns continue to pose a significant cost for the retail industry, with total returns projected to reach $890 billion in 2024, according to a report released today by the National Retail Federation (NRF) and Happy Returns, a UPS company. Retailers estimate that 16.9% of their annual sales in 2024 will be returned. View the 2024 Consumer Returns in the Retail... Read More
NRF: 197 million consumers shopped over Thanksgiving holiday weekend Market research News 

NRF: 197 million consumers shopped over Thanksgiving holiday weekend

GaryPageau , , ,
The five-day holiday weekend from Thanksgiving through Cyber Monday saw an estimated 197 million shoppers, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The figure is the second-highest number in the survey’s history after last year’s record of 200.4 million, and surpassed NRF’s initial expectations of 183.4 million shoppers. “Thanksgiving weekend retains... Read More
Circana: Consumer electronics holiday outlook highlights mixed signals with opportunity Market research News 

Circana: Consumer electronics holiday outlook highlights mixed signals with opportunity

GaryPageau
The 2024 holiday shopping season presents a complex landscape for consumer electronics, with overall tech spending intentions reaching a four-year high despite significant demographic variations and economic concerns, according to a blog post by Paul Gagnon, vice president, industry advisor, Consumer Technology, Mobile, at Circana. The shopping season will be more condensed around the core Black Friday to Christmas Eve... Read More