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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
NRF: Core retail sales grew in February amid strong labor market Market research 

NRF: Core retail sales grew in February amid strong labor market

GaryPageau
Overall retail sales dipped slightly in February, but core spending rose, the National Retail Federation said today. “February’s retail sales growth is not surprising given the strong growth we saw last month, continuing to reflect consumers’ ability and willingness to spend thoughtfully on household priorities,” said Matthew Shay, CEO and president, NRF. “While recent volatility in banking and financial markets... Read More
IDC: Global smartphone shipments expected to decline 1.1% in 2023 Market research 

IDC: Global smartphone shipments expected to decline 1.1% in 2023

GaryPageau
International Data Corporation (IDC) has revised its worldwide smartphone forecast due to a slower market recovery than previously expected. According to the latest Worldwide Quarterly Mobile Phone Tracker forecast, shipments of smartphones will decline 1.1% in 2023 to 1.19 billion units, down from the 2.8% growth in the prior forecast as the market continues to suffer from weak demand and ongoing... Read More
NRF: Retail sales picked up in January Market research News 

NRF: Retail sales picked up in January

GaryPageau
Retail sales bounced back strongly in January as inflation eased and income grew, the National Retail Federation (NRF) said. “Despite inflationary headwinds, January retail sales show the resiliency of consumers in how they manage their budgets and make decisions on how, when and where to spend their hard-earned dollars,” said Matthew Shay, NRF President and CEO. “Retailers understand the needs... Read More
IDC: China’s smartphone market fell 13.2% to a decade low in 2022 Market research 

IDC: China’s smartphone market fell 13.2% to a decade low in 2022

GaryPageau , ,
According to the IDC Worldwide Quarterly Mobile Phone Tracker, 285.8 million smartphones shipped in China in 2022, down 13.2% year-on-year (YoY) to below the 300 million mark for the first time in ten years. In 4Q22, the market declined 12.6% YoY to 72.9 million units. Both full-year 2022 and 4Q22 shipments were near their decade-ago levels as the strict COVID policy... Read More