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NRF: Chief economist says 2024 “ended on a high note” Market research 

NRF: Chief economist says 2024 “ended on a high note”

GaryPageau
Economic growth withstood inflation, high interest rates, and other challenges in 2024 and should continue to show strength in 2025, said National Retail Federation Chief Economist Jack Kleinhenz. “The U.S. economy ended 2024 on a high note and the outlook looks promising for 2025,” Kleinhenz said. “Recent performance shows the economy is on solid footing and has been growing at... Read More
Lensrentals top rented photo and video products of 2024 report has some surprises Market research News 

Lensrentals top rented photo and video products of 2024 report has some surprises

GaryPageau , , ,
Leading gear rental site Lensrentals released its annual rental data review, which identifies the most popular gear rented throughout the calendar year. As the company has done for the past several years, the annual report provides some interesting insight into the popularity of brands and products. For example, the five most popular products rented were Canon lenses; indeed, Canon products... Read More
Circana: Black Friday, Cyber Monday technology sales grow 4% as holiday season sales start strong Market research 

Circana: Black Friday, Cyber Monday technology sales grow 4% as holiday season sales start strong

GaryPageau , ,
U.S. consumers flocked to retailers online and in stores during the weeks of Black Friday and Cyber Monday to purchase technology products. According to the latest retail sales data from Circana, total U.S. consumer technology spending grew 3.5% during the two weeks ending Dec. 7, 2024, compared to the same two promotional weeks a year ago. After eight straight quarters of... Read More
NRF: Census data for November shows holiday spending ‘clearly on track’ to meet NRF’s forecast Market research 

NRF: Census data for November shows holiday spending ‘clearly on track’ to meet NRF’s forecast

GaryPageau
Following an early start to holiday shopping in October, data released today by the U.S. Census Bureau shows solid retail sales continued as the holiday season officially got underway in November, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). “November’s results show a strong start to the traditional holiday season,” Kleinhenz said. “These numbers combined with better-than-expected October sales... Read More
NRF: 57 million consumers to shop on Super Saturday Market research News 

NRF: 57 million consumers to shop on Super Saturday

GaryPageau ,
An estimated 157.2 million consumers plan to shop on the last Saturday before Christmas, according to the annual survey released by the National Retail Federation and Prosper Insights & Analytics. The estimate is up from 141.9 million Super Saturday shoppers last year and is the second-highest number after 2022’s 158.5 million figure. “Super Saturday is one of the last opportunities... Read More
CNBC/NRF Retail Monitor: Sales grew in November Market research News 

CNBC/NRF Retail Monitor: Sales grew in November

GaryPageau
Moderate retail sales growth continued in November even as two of the holiday season’s busiest shopping days bumped over into December and weren’t included in the month’s totals, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by the National Retail Federation. “November sales increased on top of a strong October and would have been even higher if... Read More
NRF and Happy Returns Report: 2024 retail Returns to total $890 billion Market research 

NRF and Happy Returns Report: 2024 retail Returns to total $890 billion

GaryPageau ,
Returns continue to pose a significant cost for the retail industry, with total returns projected to reach $890 billion in 2024, according to a report released today by the National Retail Federation (NRF) and Happy Returns, a UPS company. Retailers estimate that 16.9% of their annual sales in 2024 will be returned. View the 2024 Consumer Returns in the Retail... Read More
NRF: 197 million consumers shopped over Thanksgiving holiday weekend Market research News 

NRF: 197 million consumers shopped over Thanksgiving holiday weekend

GaryPageau , , ,
The five-day holiday weekend from Thanksgiving through Cyber Monday saw an estimated 197 million shoppers, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The figure is the second-highest number in the survey’s history after last year’s record of 200.4 million, and surpassed NRF’s initial expectations of 183.4 million shoppers. “Thanksgiving weekend retains... Read More
Circana: Consumer electronics holiday outlook highlights mixed signals with opportunity Market research News 

Circana: Consumer electronics holiday outlook highlights mixed signals with opportunity

GaryPageau
The 2024 holiday shopping season presents a complex landscape for consumer electronics, with overall tech spending intentions reaching a four-year high despite significant demographic variations and economic concerns, according to a blog post by Paul Gagnon, vice president, industry advisor, Consumer Technology, Mobile, at Circana. The shopping season will be more condensed around the core Black Friday to Christmas Eve... Read More
Industry insight: Wall decor outperforms the apparel category in dropshipping e-commerce profit Market research News 

Industry insight: Wall decor outperforms the apparel category in dropshipping e-commerce profit

GaryPageau ,
Data released by print-on-demand (POD) company merchOne reveals wall art offers e-commerce sellers using dropshipping services a significantly higher profit margin compared to apparel, allowing them to earn more per sale. After analyzing more than 311,000 orders users have sold using merchOne’s dropshipping service, the company discovered that wall art has an average profit margin of 74%, compared to 60% for... Read More
Rise Above Research: U.S. photo merchandise market appeals to broad demographic Market research 

Rise Above Research: U.S. photo merchandise market appeals to broad demographic

GaryPageau
A new study from Rise Above Research finds photo merchandise products appeal to a wide demographic, which continues to bolster the market and sustain its popularity and appeal. The four main product categories covered in the study (photo cards, photo books, photo calendars, and photo wall/tabletop décor) show a wide range of age groups are buying these products, from 13-to-17-year-olds... Read More
Census data for October shows ‘healthy’ retail sales and ‘early step forward’ into the holiday season Market research News 

Census data for October shows ‘healthy’ retail sales and ‘early step forward’ into the holiday season

GaryPageau , ,
Data released today by the U.S. Census Bureau shows that retail sales grew solidly over the past two months, demonstrating households’ capacity to spend and the strength of the economy, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said. “October’s pickup in retail sales shows a healthy pace of spending as many consumers got an early start on holiday shopping,”... Read More
NRF: Record number of shoppers expected over Thanksgiving holiday weekend  Market research News 

NRF: Record number of shoppers expected over Thanksgiving holiday weekend 

GaryPageau , ,
A record 183.4 million people are planning to shop in-store and online from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The figure is up from the previous record of 182 million in 2023 and 18.1 million people more than five years ago in... Read More
NRF: Holiday spending still on track for steady growth amid ‘mixed signals’ in recent jobs and GDP Data Market research News 

NRF: Holiday spending still on track for steady growth amid ‘mixed signals’ in recent jobs and GDP Data

GaryPageau ,
The National Retail Federation still expects steady sales growth for the winter holiday season despite contradictions in the latest economic indicators, said Jack Kleinhenz, chief economist, NRF. “The economic data calendar was quite busy at the end October but while there were contradictions and mixed signals, we continue to believe the U.S. economy remains in a good place,” Kleinhenz said... Read More
NRF: 2024 holiday spending expected to reach new record Market research 

NRF: 2024 holiday spending expected to reach new record

GaryPageau ,
Consumer spending on the winter holidays is expected to reach a record $902 per person on average across gifts, food, decorations and other seasonal items, according to the National Retail Federation’s latest consumer survey conducted by Prosper Insights & Analytics. The amount is about $25 per person more than last year’s figure and $16 higher than the previous record set... Read More