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NRF: Economy “has come a long way” in a year Market research News 

NRF: Economy “has come a long way” in a year

GaryPageau , ,
With more vaccines in arms, federal stimulus putting money into pockets, and consumers shopping again, the U.S. economy has made dramatic progress since the coronavirus pandemic brought activity to a near-standstill this time last year, according to the National Retail Federation (NRF). “The economy has come a long way compared with a year ago,” said Jack Kleinhenz, chief economist, NRF.... Read More
Suite 48a releases do-it-yourself video creation app report Market research 

Suite 48a releases do-it-yourself video creation app report

GaryPageau , ,
Do-It-Yourself (DIY) video creation apps – apps used by non-video professionals – are a powerful driver behind the current surge in sharing and in viewing of user-generated videos, according to a new study by Suite 48 Analytics. Under the hood, AI-based innovations are enabling this new generation of apps to overcome the traditional dilemma of creative power versus ease of... Read More
NRF forecasts retail sales to exceed $4.33 trillion in 2021 as vaccine rollout expands Market research Marketing 

NRF forecasts retail sales to exceed $4.33 trillion in 2021 as vaccine rollout expands

GaryPageau
The National Retail Federation issued its annual forecast, anticipating retail sales will grow between 6.5 percent and 8.2 percent to more than $4.33 trillion in 2021 as more individuals get vaccinated and the economy reopens. “Despite the continuing health and economic challenges COVID-19 presents, we are very optimistic that healthy consumer fundamentals, pent-up demand and widespread distribution of the vaccine... Read More
NRF: January retail sales are strong, due to stimulus funds and holiday sales momentum Market research 

NRF: January retail sales are strong, due to stimulus funds and holiday sales momentum

GaryPageau
Retail sales grew sharply in January as government stimulus checks provided a boost and momentum from 2020’s record holiday season carried over into the new year, said the National Retail Federation (NRF). “January’s retail sales numbers reflect a very strong start for consumers and retailers as we look ahead to a critical year curbing the global pandemic and strengthening our... Read More
CIPA data report shows continued declines Market research News 

CIPA data report shows continued declines

GaryPageau ,
Every year, Japan’s Camera and Imaging Products Association (CIPA) releases annual statistics for its member companies. The downward trend of the last few years continued through 2020, with 8.78 million units shipped, down from 15 million in 2019 and 20 million in 2018. Clearly, the COVID-19 global pandemic did not improve the trend, which was already in decline. Read More
U.S. photo merchandise market boosted by young people, first-time buyers Market research 

U.S. photo merchandise market boosted by young people, first-time buyers

GaryPageau ,
According to the new 2020 US Photo Merchandise Study from Rise Above Research, 63% of respondents in the 18-24-year-old age group had bought photo products in the last year and almost half of them ordered photo cards for the first time. This demonstrates the U.S. photo merchandise market is healthy and resilient, even during the COVID-19 pandemic. In these challenging times,... Read More
IDC says fourth-quarter smartphone shipments show growth Market research News 

IDC says fourth-quarter smartphone shipments show growth

GaryPageau , , , ,
The worldwide smartphone market continued to improve in the holiday quarter of 2020 (4Q20) returning to familiar ground with 4.3% year-over-year growth, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. Smartphone vendors shipped a total of 385.9 million devices during the quarter. While the full year 2020 declined 5.9% compared to 2019, the progress... Read More
NRF: November retail sales give holiday season solid start Market research News 

NRF: November retail sales give holiday season solid start

GaryPageau
November retail sales dipped from the month before but still showed the sixth consecutive monthly year-over-year gain by government calculations and set the stage for a healthy holiday shopping season compared with last year despite the pandemic, the National Retail Federation (NRF) reported. “Consumers held back on spending in November as virus rates spiked, states imposed retail restrictions and congressional stimulus... Read More
IDC says smartphone shipments to grow in holiday quarter Market research Marketing 

IDC says smartphone shipments to grow in holiday quarter

GaryPageau
Following a stronger than expected third quarter, the global smartphone market is expected to return to growth during the holiday quarter this year, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. The IDC predicts smartphone shipments are forecast to grow 2.4% year over year in the fourth quarter, followed by 4.4% year-over-year growth in 2021. The market... Read More
NRF: October retail sales grew as consumers started holiday shopping early   Market research Marketing 

NRF: October retail sales grew as consumers started holiday shopping early  

GaryPageau
Retail sales grew for the sixth month in a row in October, with sales significantly better than the same time a year ago as the economy continued to recover and consumers began their holiday shopping early, reported the National Retail Federation (NRF). “We are encouraged by another positive retail sales number for October — the sixth consecutive positive monthly gain... Read More
NRF Chief Economist ‘cautiously optimistic’ about holiday sales Market research 

NRF Chief Economist ‘cautiously optimistic’ about holiday sales

GaryPageau ,
Consumer spending has recovered from the coronavirus pandemic more quickly than expected, but forecasting 2020 holiday sales is like assembling a jigsaw puzzle without all the pieces, according to Jack Kleinhenz, chief economist, National Retail Federation (NRF). “Completing a puzzle is highly probable given patience, having all the pieces and having the picture on the box to guide assembly,” Kleinhenz... Read More
VR headset market growth expected despite short-term decline, according to IDC Market research News 

VR headset market growth expected despite short-term decline, according to IDC

GaryPageau
The market for virtual reality (VR) headsets is expected to decline 6.7% in 2020 before returning to double-digit growth of 46.2% in 2021, according to the International Data Corporation (IDC) Quarterly Augmented and Virtual Reality Headset Tracker. The market has faced a temporary setback this year as supply chain disruptions impacted volumes in the early months and expected product transitions have... Read More
NRF: August retail sales grow as pandemic recovery continues   Market research 

NRF: August retail sales grow as pandemic recovery continues  

GaryPageau
Retail sales continued to recover from the coronavirus pandemic in August, showing a gradual improvement from July and larger gains year-over-year, according to the National Retail Federation (NRF). “While August retail sales numbers were a bit mixed, we believe the consumer is resilient and is in good shape as we head into the holiday season,” NRF President and CEO Matthew... Read More
Photo merchandise market expected to return to growth in 2021, according to Rise Above Research Market research 

Photo merchandise market expected to return to growth in 2021, according to Rise Above Research

GaryPageau , ,
The U.S. photo merchandise market has had an uncharacteristically down year in 2020, due to the COVID-19 pandemic, but according to Rise Above Research, photo merchandise product sales are expected to recover quickly and return to growth in 2021. “Photo merchandise product sales have certainly been impacted by COVID-19, but the market has shown its resiliency amid significant challenges,” said... Read More
Global smartphone shipments expected to drop nearly 10% in 2020, says IDC Market research News 

Global smartphone shipments expected to drop nearly 10% in 2020, says IDC

GaryPageau , , , ,
The worldwide smartphone market is forecast to decline 9.5% year over year in 2020 with shipments totaling 1.2 billion units, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. While the second quarter of 2020 (2Q20) resulted in slightly better than expected numbers, the market was still down 17% year over year with visible signs of economic concerns.... Read More