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NRF: Consumers to spend $20 billion on Father’s Day Gifts Market research 

NRF: Consumers to spend $20 billion on Father’s Day Gifts

Consumer spending this Father’s Day is expected to total $20 billion, nearly on par with last year’s record-setting figure of $20.1 billion, according to the annual consumer survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. Approximately 76 percent of U.S. adults are expected to celebrate Father’s Day. “Despite growing concerns about inflation, consumers plan... Read More
NRF: April retail sales grew with consumers ‘taking higher prices in stride’ Market research 

NRF: April retail sales grew with consumers ‘taking higher prices in stride’

Consumers accustomed to inflation continued to spend in April as retail sales overcame higher prices to show both monthly and year-over-year increases, the National Retail Federation (NRF) said today. “April retail sales demonstrate consumer strength and willingness to spend despite persistent inflation, supply chain constraints, market volatility and global unrest,” said Matthew Shay, president and CEO, NRF. “While consumers are... Read More
Professional photography industry statistics of 2021 and trends for 2022 Feature Market research 

Professional photography industry statistics of 2021 and trends for 2022

If you are looking to become a professional photographer or boost your career, looking at past photography trends and predictions for the industry’s future is an excellent starting point. To successfully navigate the professional photography industry in 2022, it’s crucial that you understand which types of photography have become more, and less, popular. A good indicator of what kind of... Read More
IDC identifies 10 key tech trends driving consumer behavior and markets Market research 

IDC identifies 10 key tech trends driving consumer behavior and markets

As digital transformation takes root across the consumer ecosystem, businesses must expand and deepen their relationships with consumers to better understand their wants, needs, and aspirations. With its expanded Future Consumer research, International Data Corporation (IDC) is helping businesses – whether they serve consumers directly or indirectly – better align their products, services, and business strategies with a rapidly evolving... Read More
NRF says economy should continue ‘bustling forward’ Market research News 

NRF says economy should continue ‘bustling forward’

The economy’s fast-paced growth could slow somewhat as the Federal Reserve tries to bring inflation under control in the next few months, but consumers are likely to keep on shopping as lower inflation eases uncertainty, said Jack Kleinhenz, chief economist, National Retail Federation. “The Fed’s tightening has kicked off a new cycle of adjustment and the outlook for interest rates... Read More
Rise Above Research: US Photo Merchandise on Strong Road to Recovery After Pandemic Downturn Market research News 

Rise Above Research: US Photo Merchandise on Strong Road to Recovery After Pandemic Downturn

The photo merchandise market has been recovering well from the downturn it experienced during the heights of the COVID-19 pandemic, with growth predicted in both unit sales and revenue through 2026, according to Rise Above Research’s 2022 US Photo Merchandise Forecast. 2022 will see an overall increase of 4% in unit sales, driven by an increase in photo cards that... Read More
IDC: First-quarter smartphone shipments declined 8.9% Market research 

IDC: First-quarter smartphone shipments declined 8.9%

Worldwide smartphone shipments declined 8.9% year over year in the first quarter of 2022 (1Q22), according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. This marks the third consecutive quarter of decline for the smartphone market as shipments fell to 314.1 million units in the quarter, about 3.5% lower than IDC forecast in February. “Although... Read More
Format, Zenfolio publish 2022 State of the Photography Industry report Market research 

Format, Zenfolio publish 2022 State of the Photography Industry report

Following a survey of more than 3,300 global photographers this past March, trends clearly show the industry is emerging from the fog of COVID as many aspects of society and business return to normal, according to a recently released survey. Since the first State of the Photography Industry Survey was conducted in February 2021 and repeated in May 2021, Zenfolio and Format continue... Read More
NRF: March retail sales grew despite higher inflation Market research 

NRF: March retail sales grew despite higher inflation

Retail sales grew in March even as inflation edged higher, the National Retail Federation said today. “March retail sales show that consumers have maintained their ability to spend in the face of record-level inflation, supply chain issues and geopolitical unrest,” said Matthew Shay, NRF President and CEO. “Consumers are adapting and shopping smarter for themselves and their families. We believe... Read More
NRF economist says economy has ‘strong momentum’ despite challenges from inflation, Ukraine Market research 

NRF economist says economy has ‘strong momentum’ despite challenges from inflation, Ukraine

Top challenges have shifted from COVID-19 to inflation and the war in Ukraine, but the U.S. economy will continue to face uncertainties in the year ahead, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “While the public health situation has greatly improved, the impact of the pandemic continues to spread,” Kleinhenz said. “That ripple has extended into 2022 and... Read More
PIV: German photo market still struggling Market research 

PIV: German photo market still struggling

Frankfurt-based Photo Industry Association (PIV) reports the German photo and imaging market continues to decline in the second year of the pandemic. Rising average prices, the prospect of new product launches and recurring photo events should nevertheless give the industry a positive impetus this year. Photo products also remain popular with consumers. Market figures published by the PIV and GfK show a... Read More
CIPA releases 2022 outlook for camera gear Market research News 

CIPA releases 2022 outlook for camera gear

The Camera & Imaging Products Association (CIPA) has released its forecasts for cameras and related goods for the 2022 fiscal year. Total shipments of digital cameras were 94.1% of those of the previous year, and the mainstay “interchangeable lens” type cameras were 100.8%. In 2021 (January to December cumulative), the total shipments of digital cameras were 8,361,521 units, 94.1% of... Read More
NRF: January retail sales overcome Omicron, Inflation to show strong gains Market research News 

NRF: January retail sales overcome Omicron, Inflation to show strong gains

Retail sales powered through COVID-19’s omicron variant, inflation and other challenges to post strong increases in January, said the National Retail Federation (INRF). “January’s numbers show that 2022 is starting very strong for consumers and retailers, especially on the heels of a record holiday season and record sales in 2021,” said Matthew Shay, NRF President and CEO. “While the year... Read More
NRF says growth likely to continue even as Fed works to slow inflation Market research 

NRF says growth likely to continue even as Fed works to slow inflation

Coming up on two years since the short-lived 2020 recession, the United States appears to be at the midpoint of an economic cycle that should continue to see growth even as the Federal Reserve raises interest rates to bring inflation under control, said Jack Kleinhenz, chief economist, National Retail Federation. “The maturing economy remains in growth mode and there is... Read More
NRF: Retail returns increased to $761 billion in 2021 as a result of overall sales growth Market research News 

NRF: Retail returns increased to $761 billion in 2021 as a result of overall sales growth

Retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, according to a report released today by the National Retail Federation and Appriss Retail. This accounts for an average of 16.6 percent of total U.S. retail sales, which soared to $4.583 trillion in 2021. “As total retail sales continue to accelerate from sustained consumer... Read More