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NRF: Slower 2023 Retail Sales Growth Will Still Beat Pre-Pandemic Levels

NRF: Slower 2023 Retail Sales Growth Will Still Beat Pre-Pandemic Levels

by Mike Duff | Mar 29, 2023 | Featured News, Retail Articles

The National Retail Federation expects retail sales growth between 4% and 6% in 2023 with revenues reaching between $5.13 trillion and $5.23 trillion, the organization stated in its annual industry forecast. The 2023 figure compares with 7% growth to $4.9 trillion in...
Synchrony: Consumers Looking Ahead with Big Shopping Expectations

Synchrony: Consumers Looking Ahead with Big Shopping Expectations

by Mike Duff | Mar 27, 2023 | Retail Articles

Financial service provider Synchrony has released its new Future of Shopping study, which reveals that consumers seek highly personalized experiences that simplify choice and flexibility, the company announced. Synchrony noted that more than 80% of shoppers will...
Trader Joe’s ‘Most Loved’ Offline Brand; Sam’s Club No. 3 Online

Trader Joe’s ‘Most Loved’ Offline Brand; Sam’s Club No. 3 Online

by Mike Duff | Mar 21, 2023 | Retail Articles

In Engagement Labs’ TotalSocial Most Loved Brands this year the strong response to one retailer’s offline presence may not surprise anyone, but the appearance of another in the online top 10 might catch some unaware. Engagement Labs, which monitors online...
NRF: Easter Consumer Purchasing Intent Tops Previous Records

NRF: Easter Consumer Purchasing Intent Tops Previous Records

by Mike Duff | Mar 20, 2023 | Retail Articles

Consumers expect to spend about $24 billion on Easter this year, up from $20.8 billion in 2022 and the previous record high of $21.7 billion in 2020, according to an annual survey conducted by the National Retail Federation and Prosper Insights & Analytics....
Williams-Sonoma Q4 Beats on Earnings As Comps Slip Slightly

Williams-Sonoma Q4 Beats on Earnings As Comps Slip Slightly

by Mike Duff | Mar 16, 2023 | Featured News, Retail Articles

Williams-Sonoma, conceding a difficult fourth quarter, still managed to make some headway in the period and fiscal year, with the last frame beating a Wall Street earnings estimate even as revenues came up short. Net earnings were $355 million, or $5.28 per diluted...
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