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CNBC/NRF Retail Monitor shows strong retail sales gain for first half of holiday season Market research 

CNBC/NRF Retail Monitor shows strong retail sales gain for first half of holiday season

GaryPageau
The holiday shopping season got off to a good start in November as retail sales showed strong gains, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released today by the National Retail Federation. Click here to access November retail data. “November Retail Monitor data shows that consumers are embracing the holiday season and promotions being offered by retailers,”... Read More
NRF: 2023 economy has seen ‘vigorous growth’ despite recent slowdown Market research 

NRF: 2023 economy has seen ‘vigorous growth’ despite recent slowdown

GaryPageau ,
After a year of challenges, the economy has proven to be healthy even as it continues to slow, said Jack Kleinhenz, chief economist, NRF, at a briefing. “The U.S. economy is on track to end 2023 with vigorous growth for the year,” Kleinhenz said. “A strong labor market, rising wages, and access to excess savings have helped spending continue despite... Read More
IDC: Smartphone shipment to return to growth this quarter Market research 

IDC: Smartphone shipment to return to growth this quarter

GaryPageau
Worldwide smartphone shipments are forecast to see 7.3% year-over-year growth in the fourth quarter of 2023 (4Q23), according to the  (IDC) Worldwide Quarterly Mobile Phone Tracker. The improved forecast for the holiday quarter follows the modest improvement in 3Q23 without further inventory buildup, which has led some channels and major OEMs to ramp up their business plans for the months ahead.... Read More
NRF: Thanksgiving holiday weekend sees record number of shoppers Market research 

NRF: Thanksgiving holiday weekend sees record number of shoppers

GaryPageau , , ,
A record 200.4 million consumers shopped over the five-day holiday weekend from Thanksgiving Day through Cyber Monday, surpassing last year’s record of 196.7 million, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The figures surpassed NRF’s initial expectations of 182 million shoppers by more than 18 million. “The five-day period between Thanksgiving and... Read More
Rise Above Research announces research report schedule Market research News 

Rise Above Research announces research report schedule

GaryPageau
Rise Above Research has announced a slate of new photo/imaging marketing research reports. 2023 US Photo Merchandise Study – The annual US consumer study that focuses on the photo merchandise market, specifically photo cards, photo books, photo calendars, and photo wall/tabletop décor. For 2023, Rise Above Research asked some new questions on photo apparel as well, which replaced questions on... Read More
NRF: Census says retail sales grew year over year in October but growth continued to slow Market research 

NRF: Census says retail sales grew year over year in October but growth continued to slow

GaryPageau
Retail sales kept up a long streak of year-over-year gains in October even though the rate of growth continued to slow, National Retail Federation Chief Economist Jack Kleinhenz said in response to the U.S. Census Bureau’s release of monthly retail sales data today. “Fourth-quarter consumer spending stepped off on a more moderate pace, as expected,” Kleinhenz said. “The staying power... Read More
NRF: More people than ever expected to shop during Thanksgiving Holiday weekend    Market research 

NRF: More people than ever expected to shop during Thanksgiving Holiday weekend   

GaryPageau
An estimated 182 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 (NRF) and Prosper Insights & Analytics. This figure is 15.7 million more people than last year and is the highest estimate since NRF began tracking this data in 2017.... Read More
Shutterfly survey reports young consumers prefer physical holiday cards Market research News 

Shutterfly survey reports young consumers prefer physical holiday cards

GaryPageau
Shutterfly released the results of a survey of 2,000 adults conducted by OnePoll regarding trends in holiday cards and gifting across both product categories, spanning generations. The survey found a resurgence in the popularity of tangible holiday expressions and that traditional physical cards and personalized gifts reign supreme in conveying the sentiment of the season, the company said. According to... Read More
NRF: 2023 holiday to reach record spending levels  Market research 

NRF: 2023 holiday to reach record spending levels 

GaryPageau
The National Retail Federation (NRF) forecast that holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion. “It is not surprising to see holiday sales growth returning to pre-pandemic levels,” said Matthew Shay, President and CEO , NRF. “Overall household finances remain... Read More
IDC: Worldwide smartphone shipments on track for recovery Market research 

IDC: Worldwide smartphone shipments on track for recovery

GaryPageau ,
Worldwide smartphone shipments were flat year over year to 302.8 million units in the third quarter of 2023 (3Q23), according to preliminary data from the International Data Corp. (IDC) Worldwide Quarterly Mobile Phone Tracker. Although macroeconomic uncertainties linger as markets struggle with soft demand, inflation, and geopolitical tensions, healthy inventory and the slower pace of decline are encouraging some vendors to... Read More
NRF: Retail sales grew in September, but core year-over-year gains are slowing Market research 

NRF: Retail sales grew in September, but core year-over-year gains are slowing

GaryPageau
Retail sales continued to grow in September even as consumers faced continuing economic pressures, said the National Retail Federation (NRF). “September retail sales show that consumers have retained the ability and willingness to spend despite accumulating economic headwinds from higher interest rates and slowing growth,” said Matthew Shay, President and CEO, NRF. “As we gear up for the holiday season,... Read More
NRF economist says U.S. economy still shows resilience Market research 

NRF economist says U.S. economy still shows resilience

GaryPageau
The U.S. economy is continuing to grow even as labor disputes across the country and uncertainty created by Congress add to the ongoing challenges of inflation and high interest rates, said Jack Kleinhenz, chief economist, National Retail Federation (NRF). ”As Gilda Radner used to say on ‘Saturday Night Live,’ ‘If it’s not one thing, it’s another,’ ” Kleinhenz said. “This is... Read More
NRF: Halloween spending to reach record $12.2 billion Market research 

NRF: Halloween spending to reach record $12.2 billion

GaryPageau ,
Total Halloween spending is expected to reach a record $12.2 billion, exceeding last year’s record of $10.6 billion, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics. A record number of people (73%) will participate in Halloween-related activities this year, up from 69% in 2022. “More Americans than ever will be reaching into their wallets... Read More
NRF: Retail sales grew again in August despite slowing economy Market research 

NRF: Retail sales grew again in August despite slowing economy

GaryPageau
Retail sales rose in August as parents shopped for school supplies and other goods even as inflation continued and interest rates remained high, reported the National Retail Federation (NRF). “August retail sales show that consumers remain steadfast in the face of continued inflation and higher interest rates,” said Matthew Shay, NRF President and CEO. “Consumers are focused on household priorities,... Read More
Photo and video app revenue and downloads continue to boom Market research 

Photo and video app revenue and downloads continue to boom

GaryPageau
Photo and video apps are more popular than ever. According to data presented by OnlyAccounts.io, photo and video apps have seen their revenue more than triple in five years, reaching $12 billion in 2023, according to a blog post by Jastra Kranjec, an editor, writer, and PR specialist with years of experience in news, research, and report writing. The 2022 Statista Global Customer... Read More