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IDC identifies 10 key tech trends driving consumer behavior and markets Market research 

IDC identifies 10 key tech trends driving consumer behavior and markets

GaryPageau
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’

GaryPageau
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

GaryPageau
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%

GaryPageau ,
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

GaryPageau ,
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

GaryPageau
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

GaryPageau
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

GaryPageau , ,
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

GaryPageau
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

GaryPageau
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

GaryPageau
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

GaryPageau
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
NRF says Omicron could contribute to uncertainty, inflation but shutdowns are unlikely Market research News 

NRF says Omicron could contribute to uncertainty, inflation but shutdowns are unlikely

GaryPageau ,
The COVID-19 omicron variant will bring uncertainty to the economy in 2022 and could contribute to inflation, but is unlikely to cause widespread shutdowns or slowdowns, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “Even with the experience of the past two years, there is no model that can predict how the economy responds to a pandemic,” Kleinhenz said.... Read More
Lensrentals adds to roundup of 2021 gear rental trends Market research 

Lensrentals adds to roundup of 2021 gear rental trends

GaryPageau
Lensrentals continues its annual data-sharing roundup for gear rented on its platform. The last data roundup piece for 2021 looks at the popularity of all photo and video gear. Among the topline observations: Canon’s R5 did well but the EF mount is still strong. The transition from DSLR to mirrorless is progressing but perhaps slower than some suggested. Most Popular... Read More
Rise Above Research: U.S. photo merchandise market bolstered by repeat buyers Market research News 

Rise Above Research: U.S. photo merchandise market bolstered by repeat buyers

GaryPageau , ,
  A new study from Rise Above Research finds an average of 70% of buyers of photo merchandise products plan to buy again in the next year. This demonstrates the staying power and resiliency of the photo merchandise market even as it has matured and shows that most consumers still value printed photo products. Examining the five of the main... Read More