by Mike Duff | Oct 3, 2024 | Featured News, Retail Articles
PwC’s 2024 Holiday Outlook survey revealed 59% of respondents believe inflation will influence their holiday purchasing this year. Even so, consumers indicated they would spend about 7% more for their year-end festivities for an average of $1,638. The survey suggested...
by Mike Duff | Sep 24, 2024 | Retail Articles
Some unique twists will confront retail as the year ends, with Boston Consulting Group’s 2024 Holiday Outlook Survey suggesting that the consumer approach to the season is mixed. Using insights from consumers in the United States and credit card data, the study found...
by Mike Duff | Sep 6, 2024 | Featured News, Retail Articles
The economy is slowing but growing, inflation has moderated and the Federal Reserve has suggested it’s about to lower interest rates, which suggests that the United States has dodged a recession, according to National Retail Federation chief economist Jack Kleinhenz...
by Mike Duff | Aug 26, 2024 | Retail Articles
The Coresight Research model for retail in the United States indicates deceleration in sales growth from 5.2% in July to 4.6% in August compared to the same periods in 2023. Despite the deceleration, the market researcher is predicting stronger retail sales growth...
by Mike Duff | Aug 20, 2024 | Retail Articles
Citing a challenging do-it-yourself market facing macroeconomic headwinds, Lowe’s Cos. beat a second-quarter earnings forecast despite a decline in comparable sales during the period. Net earnings were $2.38 billion, or $4.17 per diluted share, versus $2.67 billion,...
