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IDC: Worldwide smartphone shipments continue to decline with 7.8% Market research 

IDC: Worldwide smartphone shipments continue to decline with 7.8%

GaryPageau ,
Worldwide smartphone shipments declined 7.8% year over year to 265.3 million units in the second quarter of 2023 (2Q23), according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. While this marks the eighth consecutive quarter of contraction as the market struggles with soft demand, inflation, macroeconomic uncertainties, and excess inventory, the rate of decline is... Read More
The Knot shows photographers are key wedding vendor Market research 

The Knot shows photographers are key wedding vendor

GaryPageau
Global event marketplace The Knot Worldwide launched its 2023 Global Wedding Report, encompassing findings from a study of more than 25,000 people who got married in 2022 across 15 countries. After enduring the effects of COVID-19, data shows that couples are investing in vendors and guest experience while managing the state of the economy. “The wedding industry was resilient throughout COVID-19... Read More
Mixbook Survey: The states that phlush away the most memories Market research 

Mixbook Survey: The states that phlush away the most memories

GaryPageau
Mixbook recently published the results of a survey of smartphone users determining how consumers use their digital photos. With the ease of digital photography and nearly unlimited storage, people are capturing more than a trillion images worldwide. Sadly, many of those images are viewed once and never looked at or printed again, a phenomenon Mixbook calls “phlushing.” To learn more... Read More
NRF: Retail sales grew again in June despite slower job gains Market research 

NRF: Retail sales grew again in June despite slower job gains

GaryPageau
Retail sales continued to rise in June even as employment grew more slowly, the National Retail Federation said. “June retail sales confirm that while the economy may be cooling, consumers remain on solid footing and are spending on household priorities,”  said Matthew Shay, president and CEO, NRF. “Back-to-class spending is one of the most important shopping occasions of the year,... Read More
NRF: Retail sales increased again in May Market research 

NRF: Retail sales increased again in May

GaryPageau
Retail sales rose again in May as consumers continued to spend despite economic challenges, the National Retail Federation (NRF) said. “Consumers continued to spend on household priorities in May, supported by gains in the job market and wages,” said Matthew Shay, president and CEO, NRF. “Retailers recognize the ongoing pressure on cost-sensitive consumers and are offering competitive pricing, a wide... Read More
NRF: Consumers to spend record amount for Father’s Day Market research News 

NRF: Consumers to spend record amount for Father’s Day

GaryPageau ,
Consumers will collectively spend a record-high $22.9 billion to celebrate Father’s Day this year, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. Total expected spending for the holiday is up from last year’s $20 billion and exceeds the previous record of $20.1 billion in 2021. “Father’s Day remains a momentous occasion for... Read More
IDC: Weak consumer demand continues to delay a recovery for the smartphone market Market research 

IDC: Weak consumer demand continues to delay a recovery for the smartphone market

GaryPageau ,
According to a new forecast from the International Data Corp. (IDC) Worldwide Quarterly Mobile Phone Tracker, global shipments of smartphones will decline by 3.2% in 2023, totaling 1.17 billion units for the year. This is a downward revision from the 1.1% decline forecast in February. The revision is being driven by several factors, including a weaker economic outlook and ongoing inflation. Despite... Read More
NRF: Retail sales rose in April as consumers “remained engaged” Market research News 

NRF: Retail sales rose in April as consumers “remained engaged”

GaryPageau
Retail sales bounced back in April, showing both month-over-month and year-over-year growth, said the National Retail Federation said. “Retail sales rebounded in April, reflecting consumer resilience in the face of elevated economic uncertainty,” said Matthew Shay, CEO and president, NRF. “Moderating price levels, continued labor market strength and wage gains have increased consumers’ ability to spend. However, they remain cautious... Read More
NRF: First quarter showed challenges of bringing inflation under control Market research News 

NRF: First quarter showed challenges of bringing inflation under control

GaryPageau
Slower-but-continued growth in gross domestic product and other economic indicators during the first quarter showed the difficulty of bringing inflation under control, National Retail Federation Chief Economist Jack Kleinhenz said in the May issue of NRF’s Monthly Economic Review. “The World Health Organization says the pandemic is over, and the U.S. government has ended its declaration of a public health... Read More
NRF: Consumers to spend record $35.7 billion for Mother’s Day Market research 

NRF: Consumers to spend record $35.7 billion for Mother’s Day

GaryPageau ,
Consumers plan to spend a total of $35.7 billion on Mother’s Day this year, nearly $4 billion more than last year’s record high of $31.7 billion, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Eighty-four percent of U.S. adults are expected to celebrate the holiday. “Mother’s Day provides Americans with an... Read More
Zenfolio releases the 2023 State of the Photography Industry Report Market research 

Zenfolio releases the 2023 State of the Photography Industry Report

GaryPageau
Zenfolio released its latest State of the Photography Industry Report, providing insights into the photography industry from the perspectives of professional photographers and their businesses, and is the fourth conducted since 2021. The report is derived from survey participants who primarily specialize in Portrait, Landscape, Wedding, Sports, and Family photography. The survey respondents were mostly part-time or full-time self-employed with... Read More
Canva introduces The Visual Economy Report Market research 

Canva introduces The Visual Economy Report

GaryPageau
Canva released The Visual Economy Report featuring actionable data from 1,600 global business leaders. The company claims the report “provides the most comprehensive view into how global business leaders are approaching visual communication principles internally and externally to run more efficient teams, build stronger audience engagement, and fuel greater economic returns on their business.” Among the top findings of The Visual Economy... Read More
NRF: Retail Sales ‘Moderated’ in March But Still Sees ‘Positive Growth’ for 2023 Market research 

NRF: Retail Sales ‘Moderated’ in March But Still Sees ‘Positive Growth’ for 2023

GaryPageau
Retail sales slowed in March, but spending was still higher than at the same time last year, said the National Retail Federation. “Retail sales moderated in March after posting strong gains in the first two months of the year,” said Matthew Shay, NRF President and CEO. “Continued easing of inflation and the overall strength of the job market and wages... Read More
NRF forecasts 2023 retail sales to grow between 4% and 6% Market research 

NRF forecasts 2023 retail sales to grow between 4% and 6%

GaryPageau
The National Retail Federation (NRF) issued its annual forecast, anticipating that retail sales will grow between 4% and 6% in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion this year. “In just the last three years, the retail industry has experienced growth that would normally take almost a decade by pre-pandemic standards,”... Read More