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Circana: Holiday shoppers plan to spend slightly more this year Market research News 

Circana: Holiday shoppers plan to spend slightly more this year

GaryPageau
U.S. consumer sentiment and intentions related to the 2024 holiday shopping season are improved compared to the last two years, but are still falling short of 2021 levels in most cases. Most holiday shoppers plan to spend about the same as last year, but there is an increase in those planning on spending more, according to the annual holiday purchase... Read More
Smartphones crushed digital cameras, but Fujifilm is making a comeback Market research News 

Smartphones crushed digital cameras, but Fujifilm is making a comeback

GaryPageau ,
  The smartphone crushed the digital camera, according to an article at Sherwood.news but Fujifilm is bucking the trend. At the height of the digital camera boom, more than 120 million digital cameras were shipped worldwide in 2010, but by 2023, shipments dropped almost 94% to less than 8 million. But among those declining numbers is a bright spot: Fujifilm Holdings Corp.... Read More
IDC Tracker finds used smartphone shipments grew 6.4% in 2023 Market research News 

IDC Tracker finds used smartphone shipments grew 6.4% in 2023

GaryPageau
More than 195 million used smartphones, including officially refurbished and used smartphones, were shipped into the market in 2023, an increase of 6.4% compared to 2022. The value of these shipments was $72.9 billion, up 12.4% year over year, according to data from the newly launched Worldwide Quarterly Used Device Tracker from International Data Corporation (IDC). “The growth of the secondary... Read More
NRF: Nearly half of Halloween shoppers to start purchasing items before October  Market research 

NRF: Nearly half of Halloween shoppers to start purchasing items before October 

GaryPageau , ,
Early Halloween shopping is on the rise, with 47% of survey participants beginning their shopping before October, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics. The figure is up from 37% five years ago and compares with just 32% in 2014. Total Halloween spending is expected to reach $11.6 billion after last year’s record-setting... Read More
NRF: Census retail sales data shows households ‘have the underpinnings to spend’ Market research News 

NRF: Census retail sales data shows households ‘have the underpinnings to spend’

GaryPageau
Data released today by the U.S. Census Bureau shows retail sales continued to grow in August, fueled by rising wages amid falling inflation, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “These numbers show the continued resiliency of the American consumer,” Kleinhenz said. “While sales growth decelerated from last month’s pace, there is little hint of consumer spending unraveling.... Read More
IDC: Mixed and Extended Reality Headsets to Drive Strong Growth Through 2028 Market research 

IDC: Mixed and Extended Reality Headsets to Drive Strong Growth Through 2028

GaryPageau , ,
The decline in worldwide shipments of augmented reality and virtual reality (AR/VR) headsets continued during the second quarter of 2024 (2Q24) as volumes contracted 28.1% year over year to 1.1 million units, according to new data from the International Data Corp. (IDC) Worldwide Quarterly Augmented and Virtual Reality Headset Tracker. The decline is expected to carry forward as full-year shipments... Read More
CIPA releases consumer digital camera market research for Japan Market research 

CIPA releases consumer digital camera market research for Japan

GaryPageau
The Camera & Imaging Products Association (CIPA)  recently conducted the Integrated Survey of Photo Imaging Market: Japan Edition, targeting users of digital cameras and smartphones. Traditionally, the organization says digital cameras make outings and trips more enjoyable.  This series of surveys gives a strong impression that this is what it means to live with a digital camera, and this is... Read More
CNBC/NRF Retail Monitor: Retail sales grew again in August as inflation eased Market research News 

CNBC/NRF Retail Monitor: Retail sales grew again in August as inflation eased

GaryPageau ,
Retail sales increased again in August as consumer demand and easing inflation overcame slower job growth, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions. “Retail sales data shows that consumers continued to spend on household priorities in August,” said Matthew Shay, President and CEO. “This is despite a slowing labor market that is expected to prompt the Fed... Read More
Rise Above Research announces new photo reports Market research News 

Rise Above Research announces new photo reports

GaryPageau
Rise Above Research has updated its reports page with the latest industry research. Here are some of the recent entries: 2024 US Photo Prints Forecast: 2023-2028  – The 2024 US Photo Prints Forecast: 2023-2028 is a five-year forecast for traditional photo prints, with volume and revenue broken out by home, online and retail store printing. The report includes a summary... Read More
NRF: Economy ‘on the cusp’ of a soft landing with recession unlikely   Market research 

NRF: Economy ‘on the cusp’ of a soft landing with recession unlikely  

GaryPageau
With the economy slowing but still growing and inflation down as the Federal Reserve prepares to lower interest rates, the United States appears to have dodged a recession, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “The U.S. economy is clearly not in a recession nor is it likely to head into a recession in the home stretch of... Read More
Samsung, Apple and Xiaomi command half of the global smartphone market so far this year Market research 

Samsung, Apple and Xiaomi command half of the global smartphone market so far this year

GaryPageau , ,
According to Statista, while not quite a duopoly, Apple and Samsung have long been known to produce the most popular smartphones from a global perspective. Over the past years, however, Chinese tech companies have started catching up and, at times, even overtaking the product lines of both the South Korean and the U.S. phone manufacturers. The chart above is based on data from the IDC... Read More
Fiverr: With Gen Z planning to spend more, retailers focus on AI, social media, and deep discounts Market research 

Fiverr: With Gen Z planning to spend more, retailers focus on AI, social media, and deep discounts

GaryPageau
Fiverr International Ltd. released research exploring retailers’ readiness for the upcoming holiday season. Fiverr conducted a global survey of more than 2,500 consumers and more than 2,500 small-to-medium business leaders (excluding sole traders) in partnership with Censuswide, across USA, UK, Germany, France, and Australia. The findings reveal a more strategic approach to how businesses manage marketing efforts, freelance talent, and... Read More
IDC: Worldwide smartphone market forecast to grow nearly 6% in 2024 Market research News 

IDC: Worldwide smartphone market forecast to grow nearly 6% in 2024

GaryPageau
Worldwide smartphone shipments are forecast to grow 5.8% year over year in 2024 to 1.23 billion units, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. The 12% growth in the first quarter, followed by 9% growth last quarter, has brought improved optimism about how 2024 will play out in the second half of the year. Affordable... Read More
IDC: Worldwide spending on AI Forecast to reach $632 billion in 2028 Market research News 

IDC: Worldwide spending on AI Forecast to reach $632 billion in 2028

GaryPageau
Worldwide AI spending will exceed $632 billion by 2028, driven by a 29% CAGR from 2024-2028. GenAI investments will grow faster at 59.2%, reaching $202 billion. Financial services, software, information services, and retail sectors will lead spending. The largest category will be software, with notable growth in AI infrastructure, IT services, and business services. Read More
Circana: July retail sales reveal a summer vacation from discretionary spending Market research 

Circana: July retail sales reveal a summer vacation from discretionary spending

GaryPageau
Total U.S. retail sales across the combined view of discretionary general merchandise and consumer packaged goods (CPG) continued on the path toward a state of equilibrium in July, according to Circana, the marketing research firm. During the four weeks ending August 3, 2024, overall sales revenue remained level with the same four weeks last year, and unit demand declined 1%.... Read More