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NRF: Mother’s Day spending expected to reach $34.1 billion Market research 

NRF: Mother’s Day spending expected to reach $34.1 billion

GaryPageau , 0 comment
Consumer spending on Mother’s Day is expected to reach $34.1 billion this year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. The amount is up from last year’s $33.5 billion and follows closely behind the record of $35.7 billion in 2023. “Mother’s Day is an important holiday for many consumers, only surpassed by... Read More
Rise Above Research announces new reports for 2025 Market research News 

Rise Above Research announces new reports for 2025

GaryPageau
Rise Above Research announced new report updates, available from the reports page: 2022 US Photo Merchandise Forecast– This is an annual US Photo Merchandise forecast that focuses on photo cards, photo books, photo calendars, and photo wall/tabletop décor. The forecast range is from 2025-2029, with estimates for 2024 given as well, and includes units, revenue, average selling prices, and breakouts... Read More
NRF: Census data shows retail sales grew in March but consumers are ‘not feeling great’ as tariffs rise Market research News 

NRF: Census data shows retail sales grew in March but consumers are ‘not feeling great’ as tariffs rise

GaryPageau , ,
Data released today by the U.S. Census Bureau showed retail sales grew in March even though consumers continued to worry about the impact of rising tariffs, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “Retail sales strengthened in March, supported by continued solid growth in income, lower energy costs and bigger-than-usual tax refunds that all helped support household budgets,”... Read More
NRF: Cargo Levels to drop sharply amid new tariffs and uncertainty Market research News 

NRF: Cargo Levels to drop sharply amid new tariffs and uncertainty

GaryPageau
With sweeping tariffs now imposed on all U.S. trading partners, import cargo at the nation’s major container ports is expected to drop dramatically beginning next month, according to the Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. “Retailers have been bringing merchandise into the country for months in attempts to mitigate against rising tariffs,... Read More
CNBC/NRF Retail Monitor: March sales grew only moderately amid tariff concerns Market research News 

CNBC/NRF Retail Monitor: March sales grew only moderately amid tariff concerns

GaryPageau ,
Retail sales grew in March after two straight months of declines, but gains remained moderate as consumers continued to be concerned by rising tariffs, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation (NRF). “Retail sales increased in March but only moderately, and the spending came before the president’s ‘Liberation Day’ tariff... Read More
NRF: Consumers to spend $23.6 billion on Easter Market research 

NRF: Consumers to spend $23.6 billion on Easter

GaryPageau ,
Consumers plan to spend a total of $23.6 billion on Easter this year, according to the annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. The amount is above last year’s $22.4 billion, approaching the record $24 billion spent in 2023. “As we witnessed throughout the pandemic, holidays such as Easter are especially meaningful... Read More
NRF: 2025 retail sales to hit $5.42 trillion, despite economic uncertainty Market research 

NRF: 2025 retail sales to hit $5.42 trillion, despite economic uncertainty

GaryPageau
The National Retail Federation (NRF)  forecast retail sales during 2025 will grow between 2.7% and 3.7% over 2024 to between $5.42 trillion and $5.48 trillion. The announcement was made during NRF’s fifth annual State of Retail & the Consumer virtual event on the health of American consumers and the retail industry. “Overall, the economy has shown continued momentum so far in... Read More
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
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
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