by Mike Duff | Nov 8, 2023 | Retail Articles
Although macroeconomic factors have weighed on holiday sales prospects, National Retail Federation Chief Economist Jack Kleinhenz, as part of NRF’s Monthly Economic Review for November, stated that consumer spending momentum looks to chug along in the last two months...
by Mike Duff | Nov 7, 2023 | Retail Articles
Inflation continues to influence holiday shoppers who are budgeting higher for gifts and other seasonal purchases this year, according to a RetailMeNot survey. Shoppers are budgeting for $932 in spending versus $725 in 2022. The major effect of inflation is a...
by Mike Duff | Nov 2, 2023 | Featured News, Retail Articles
For the upcoming holiday season, the National Retail Federation is forecasting that sales will reach record levels during November and December, growing between 3% and 4% versus the 2022 period and reaching between $957.3 billion and $966.6 billion total. Despite a...
by Mike Duff | Nov 1, 2023 | Retail Articles
As the holiday shopping period becomes more intense, Walmart is preparing deals, special benefits for its Walmart+ members and enhancements delivered in part through supply chain upgrades. Walmart’s Black Friday Deals return for 2023, with the event giving customers...
by Mike Duff | Oct 31, 2023 | Retail Articles
In its annual holiday forecast, payments provider Blackhawk Network stated that spending on the festive season will gain a modest 3%, with gift cards getting a more significant piece of the holiday pie. According to Blackhawk, consumers will spend 43% of their holiday...
