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Census retail sales data for July shows increased spending despite strong-but-moderating economic growth   Market research 

Census retail sales data for July shows increased spending despite strong-but-moderating economic growth  

GaryPageau
Retail sales data released today by the U.S. Census Bureau shows consumers continued to increase their spending in July even as growth of the economy is moderating, National Retail Federation Chief Economist Jack Kleinhenz said. “July’s retail sale figures mirror the strength in the economy, which continues to expand even though there are pressures on growth,” Kleinhenz said. “The midsummer... Read More
CNBC/NRF Retail Monitor: Retail sales grew in July amid back-to-school spending and special deals Market research 

CNBC/NRF Retail Monitor: Retail sales grew in July amid back-to-school spending and special deals

GaryPageau
Retail sales continued to grow in July as consumers shopped for school and college supplies and took advantage of special promotion days offered by some retailers, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. “July’s data reflects what we are seeing across the economy, that while consumers remain cautious, they are... Read More
Mintel: German consumer sentiment hits a new low as economic inequality continues to grow Market research News 

Mintel: German consumer sentiment hits a new low as economic inequality continues to grow

GaryPageau
According to a new Mintel study on the lifestyles and attitudes of consumers in Germany, 85% of respondents feel most people in this country are in a bad mood at the moment. 85% of German consumers perceive current mood as ‘poor’ Within the group of German consumers reporting they are financially struggling, only a fraction reported an improvement, while 73%... Read More
NRF: Economy still growing, but could be slowing enough for Fed to lower interest rates Market research 

NRF: Economy still growing, but could be slowing enough for Fed to lower interest rates

GaryPageau
Key elements of the economy are still growing but appear to have slowed enough to be on track for the Federal Reserve to lower interest rates later this year, National Retail Federation Chief Economist Jack Kleinhenz said today. “The consumer environment has kept the expansion on a positive path toward a ‘soft landing’ despite high interest rates,” Kleinhenz said. “Meanwhile,... Read More
IDC: Worldwide Gen AI smartphone shipments forecast to reach 70% of themarket by 2028 Market research 

IDC: Worldwide Gen AI smartphone shipments forecast to reach 70% of themarket by 2028

GaryPageau , ,
The future of the smartphone industry is set to be transformed as worldwide generative AI (GenAI) smartphone shipments are forecast to grow 363.6% year over year in 2024 to 234.2 million units, according to a new International Data Corporation (IDC) forecast. This represents 19% of the overall smartphone market in 2024. IDC defines GenAI smartphones as devices that feature a... Read More
IDC: Chinese smartphone market accelerates to 8.9% growth in 2Q24, led by Chinese OEMs Market research News 

IDC: Chinese smartphone market accelerates to 8.9% growth in 2Q24, led by Chinese OEMs

GaryPageau
According to preliminary data from the International Data Corp. (IDC) Worldwide Quarterly Mobile Phone Tracker, China’s smartphone shipments grew 8.9% year over year (YoY) to 71.6 million units in 2Q24. The third consecutive quarter of growth led to 140.8 million units of shipments in the first half of 2024 and a 7.7% YoY growth. The recovery was supported by the... Read More
Gelato releases 2024 state of production report Market research 

Gelato releases 2024 state of production report

GaryPageau
Gelato, the global software platform for local on-demand production, has released its 2024 State of Production Report. Gelato surveyed more than 140 of its network print production partners and GelatoConnect users to inform the results as digital printers adapt to consumer trends, the company said. According to Gelaoto, the core findings from the report include: An integrated toolset is necessary... Read More
NRF: Census retail sales data for June shows modest gains Market research News 

NRF: Census retail sales data for June shows modest gains

GaryPageau
Data released by the U.S. Census Bureau shows modest retail sales gains in June despite an uneven pace of spending in recent months, said Jack Kleinhenz, chief economist, the National Retail Federation Chief Economist (NRF). “The path of household spending remains difficult to read,” Kleinhenz said. “Spending has been uneven but remains in good condition notwithstanding the slower pace of... Read More
IDC: Worldwide smartphone market grew 6.5% in the second quarter of 2024 Market research News 

IDC: Worldwide smartphone market grew 6.5% in the second quarter of 2024

GaryPageau ,
According to preliminary data from the International Data Corporation Worldwide Quarterly Mobile Phone Tracker, global smartphone shipments increased 6.5% year over year to 285.4 million units in the second quarter of 2024 (2Q24). Although this marks the fourth consecutive quarter of shipment growth and builds the momentum towards the expected recovery this year, demand has yet to come around in... Read More
CNBC/NRF Retail Monitor reports Moderate Retail Sales Growth in June Market research News 

CNBC/NRF Retail Monitor reports Moderate Retail Sales Growth in June

GaryPageau
Retail sales showed moderate growth in June amid a still-solid economy and near-zero inflation for retail goods, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by the National Retail Federation (NRF). “Consumers are being thoughtful about their spending, prioritizing non-discretionary purchases as they continue to face high interest rates and lingering inflation,” said Matthew Shay, President and... Read More
NRF: Economy is in ‘critical moment’ but Fed has time to wait on interest rates Market research 

NRF: Economy is in ‘critical moment’ but Fed has time to wait on interest rates

GaryPageau
As inflation continues to ease and the Federal Reserve ponders when to lower interest rates, the nation is in a “critical moment” of waiting to see what will happen next,  said Jack Kleinhenz, chief economist, the National Retail Federation (NRF). “Today we’re waiting once again,” Kleinhenz said, referring to a point in 2017 when economists were waiting to see if... Read More
Small business owner confidence reaches post-pandemic high Market research 

Small business owner confidence reaches post-pandemic high

GaryPageau
The Q2 MetLife and U.S. Chamber of Commerce Small Business Index hit its highest score since early 2020. The Index score, which measures small business owners’ perceptions of business operations, environment, and expectations, jumped to 69.5 from 62.3 last quarter. The confidence boost likely comes from small business owners’ growing optimism about the future business climate. Nearly three in four (73%) expect... Read More
IDC: Outlook for AR/VR headsets expected to improve as mixed reality, extended reality gain acceptance Market research News 

IDC: Outlook for AR/VR headsets expected to improve as mixed reality, extended reality gain acceptance

GaryPageau ,
Global shipments of augmented reality and virtual reality (AR/VR) headsets declined 67.4% year over year in the first quarter of 2024, according to new data from the International Data Corp. (IDC) Worldwide Quarterly Augmented and Virtual Reality Headset Tracker. The decline in shipments was expected as the market transitions to include new categories such as Mixed Reality (MR) and Extended... Read More
NRF: Census retail sales data for May shows a ‘Reasonably Healthy Consumer’   Market research 

NRF: Census retail sales data for May shows a ‘Reasonably Healthy Consumer’  

GaryPageau
Data released by the U.S. Census Bureau shows retail sales grew again in May and helped drive a still-expanding economy. “May’s retail sales give us a snapshot of a reasonably healthy consumer even though spending growth is fluctuating somewhat,” said Jack Kleinhenz, chief economist, NRF. “These numbers indicate that the economy continues to expand at a solid pace. Job gains... Read More