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...
by Chandler Harvey | Mar 27, 2023 | Bakeware, Home + Housewares, Kitchenware
A recent survey by multimedia destination Bigger Bolder Baking, co-founded by professional chef and cookbook author Gemma Stafford, found home bakers are not deterred by inflation and are baking more than ever. The survey results indicate home bakers remain committed...
by Peter Giannetti | Mar 22, 2023 | Featured News, Retail Articles, The Inspired Home Show 2023
Inflation continues to pressure the housewares business, but inflation’s effect on discretionary spending and the consumer pessimism it generated may be fading, Peter Greene, practice director-GM of market research company Numerator, said during an Innovation...
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...
by Mike Duff | Mar 15, 2023 | Retail Articles
Consumers remain wary of spending given the uncertain economy, according to Circana, which reported U.S. discretionary general merchandise retail sales revenue dropped 4% in February 2023 year over year while unit sales slipped 5%. Weekly declines have remained...
