NRF: Holiday Sales Growth Short of Forecast

NRF: Holiday Sales Growth Short of Forecast

With consumers pressured by economic uncertainty, higher interest and inflation eroding their incomes, retail sales during 2022’s November-December holiday season grew 5.3% over the 2021 period to $936.3 billion but fell short of the National Retail Federation’s...
Study: Consumers Quick Started Holiday Returns

Study: Consumers Quick Started Holiday Returns

Returns began pouring into retailers early in the post-holiday time frame, according to nShift, which produces parcel delivery management software.  In an analysis nShift conducted, December 28 — dubbed Returns Wednesday — was the biggest day for consumers returning...
Kirkland’s Holiday Comps Slipped

Kirkland’s Holiday Comps Slipped

In the 2022 holiday season, which includes the first two months of the company’s fiscal fourth quarter, Kirkland’s comparable sales fell 5.5% versus the same period a year earlier, the company announced. Comps were flat in November 2022 but slipped 11% in...
Costco Comps Grow Again in December

Costco Comps Grow Again in December

For the month of December, Costco reported net sales of $23.8 billion for the retail month of December, the five weeks ended January 1, up 7% year over year. Comparable sales, excluding the effects of fuel price and foreign exchange volatility, were up 6.4% in the...
Target Dishes Out Last-Minute Shopping Deals

Target Dishes Out Last-Minute Shopping Deals

Target Corp. is touting itself as a resource for nick-of-time holiday shoppers, who can use order pickup, drive-up and same-day delivery with Shipt to get purchases the same day, no membership required.  In another incentive for last-minute shoppers, Target has...