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NRF: GDP growth is slower but consumer spending remains positive Market research 

NRF: GDP growth is slower but consumer spending remains positive

GaryPageau
Gross domestic product isn’t likely to grow as much in the final months of 2022 as it did in the third quarter, but consumer spending should remain strong even though its rapid pace is continuing to slow, according to National Retail Federation Chief Economist Jack Kleinhenz. “The third quarter’s results clearly dispelled the notion that the U.S. economy is in... Read More
NRF: Record 196.7 million consumers shop over Thanksgiving holiday weekend   Market research 

NRF: Record 196.7 million consumers shop over Thanksgiving holiday weekend  

GaryPageau ,
A record 196.7 million Americans shopped in stores and online during the five-day holiday shopping period from Thanksgiving Day through Cyber Monday, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The total number of shoppers grew by nearly 17 million from 2021 and is the highest figure since NRF first started... Read More
NRF: Retail sales growing as holiday season begins Market research 

NRF: Retail sales growing as holiday season begins

GaryPageau
Retail sales grew again in October as consumers set aside concerns about inflation and many got a jump start on the holiday season, the National Retail Federation said today. “October retail sales data confirms that consumers continue to stretch their dollars on household priorities, including gifts for family and loved ones this holiday season,” said Matthew Shay, president and CEO,... Read More
NRF: Record 166.3 million shoppers expected during Thanksgiving Weekend   Market research 

NRF: Record 166.3 million shoppers expected during Thanksgiving Weekend  

GaryPageau
An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. This figure is almost 8 million more people than last year and is the highest estimate since NRF began tracking this data in 2017. “While there is... Read More
NRF: Strong consumer fundamentals counter inflation, interest rates in holiday forecast Market research News 

NRF: Strong consumer fundamentals counter inflation, interest rates in holiday forecast

GaryPageau
The National Retail Federation INRF)  balanced high inflation and rising interest rates against strong consumer fundamentals as it developed its 2022 holiday spending forecast, said Jack Kleinhenz, NRF Chief Economist. “There are many factors impacting our holiday forecast, but business conditions are generally positive as consumer fundamentals continue to support economic activity,” Kleinhenz said. “Despite record levels of inflation, rising... Read More
IDC: Smartphone market suffers fifth consecutive decline in global shipments in Q3 Market research News 

IDC: Smartphone market suffers fifth consecutive decline in global shipments in Q3

GaryPageau , ,
Worldwide smartphone shipments declined 9.7% year over year to 301.9 million units in the third quarter of 2022 (3Q22), according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker. The drop marks the largest-ever third-quarter decline and the fifth consecutive quarter of decline for the smartphone market as shipments continue to struggle amidst weakened global demand... Read More
NRF: Year-over-year retail sales growth continues Market research 

NRF: Year-over-year retail sales growth continues

GaryPageau
Retail sales remained strong on a monthly basis and saw another year-over-year gain in September despite an interest rate hike from the Federal Reserve and continuing inflation, the National Retail Federation (NRF) said. “September retail sales confirm that even with rising interest rates, persistent inflation, political uncertainty and volatile global markets, consumers are spending for household priorities,” said Matthew Shay,... Read More
NRF: Retailers are well stocked for holidays despite low import volume Market research 

NRF: Retailers are well stocked for holidays despite low import volume

GaryPageau ,
Imports at the nation’s major container ports are expected to fall to their lowest level in nearly two years by the end of 2022 even though retail sales continue to grow, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. “The holiday season has already started for some shoppers and, thanks to... Read More
NRF: Consumers still spending despite worries over inflation and interest rates Market research News 

NRF: Consumers still spending despite worries over inflation and interest rates

GaryPageau
Consumers remain worried about high inflation and Federal Reserve interest rate hikes intended to bring inflation under control, but neither has stopped them from spending, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said today. “The economic situation in the United States is unsettling,” Kleinhenz said. “Consumer confidence is down, consumer spending’s rate of growth has slowed, and economists and consumers... Read More
IDC forecasts worldwide foldable phone shipments will reach 41.5 million in 2026 Market research 

IDC forecasts worldwide foldable phone shipments will reach 41.5 million in 2026

GaryPageau
International Data Corporation (IDC) expects worldwide shipments of foldable phones, including flip and fold form factors, to reach 13.5 million units in 2022. This represents an increase of 66.6% over the 8.1 million units shipped in 2021. An updated IDC forecast projects foldable phone shipments will reach 41.5 million units in 2026, with a compound annual growth rate (CAGR) of... Read More
NRF: Halloween participation and spending returns to pre-pandemic levels Market research 

NRF: Halloween participation and spending returns to pre-pandemic levels

GaryPageau
Participation in Halloween-related activities will resume to pre-pandemic levels, with 69% of consumers planning to celebrate the holiday this year, up from 65% in 2021 and comparable to 68% in 2019, according to the National Retail Federation (NRF)’s annual survey conducted by Prosper Insights & Analytics. With the spike in participation, total Halloween spending is expected to reach a record... Read More
Futuresource: Western European photo printing market to grow +22% from 2021 to 2026 Market research News 

Futuresource: Western European photo printing market to grow +22% from 2021 to 2026

GaryPageau
  Futuresource Consulting recently published the annual Western Europe top-6 markets Photo Output (Printing) Market Reports (covering B2C (consumer-ordered) Photo Prints, Photobooks and Photo-Merchandise (photo calendars, cards, wall décor and gifts) for Benelux, France, Germany, Italy, Spain, UK). According to a LinkedIn post from Jeremy Wills, “2022 market value is set to rise by nearly +10% on 2020 levels, and,... Read More
IDC: Global smartphone shipments expected to decline 6.5% in 2022 Market research 

IDC: Global smartphone shipments expected to decline 6.5% in 2022

GaryPageau
According to the latest International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker forecast, shipments of smartphones will decline 6.5% to 1.27 billion units in 2022. The decline is due to record-breaking inflation, geopolitical tensions, and other macroeconomic challenges that have significantly dampened consumer demand. As a result, the latest forecast figures represent a reduction of three percentage points from previous... Read More
NRF: July retail sales show consumers still shopping despite inflation Market research 

NRF: July retail sales show consumers still shopping despite inflation

GaryPageau
Core retail sales as calculated by the National Retail Federation rose in July even as overall sales reported by the Census Bureau remained flat on a monthly basis, and both calculations showed strong year-over-year gains as consumers kept shopping despite high inflation, NRF said today. “Retail sales grew in July, supported by declines in prices at the gas pump and... Read More