Tag: retail sales

September 13, 2022

Deloitte’s holiday forecast shows consumers are likely to feel the impact of inflation late into this year. “As inflation weighs on consumer demand, we can expect consumers to continue to shift how they spend their holiday budget this upcoming season,” […]

August 29, 2022

Consumers are shifting their shopping online. According to eMarketer, e-commerce sales will make up 21% of worldwide total retail sales this year with US retail e-commerce sales expected to surpass $1 trillion dollars. As more consumers turn to their devices […]

August 19, 2022

Online retail sales boosted the retail sector’s performance in July despite the cost-of-living crisis hitting consumers’ wallets. Retail sales volumes rose by 0.3% in July 2022 following a fall of 0.2% in June 2022 and are now 2.3% above their […]

August 8, 2022

While the COVID-19 pandemic drove the rapid rise of e-commerce in 2020, some of the retail growth shifted from online to offline in 2021, Forrester noted. Brick-and-mortar retail sales rose 14% in 2021 compared to 2020, according to the report. […]

August 2, 2022

Inflation is breaking records — and retailers’ forecasts. Consumer behavior has shifted so swiftly since the beginning of the year that major retailers are faced with clearing excess inventory and recalculating financial expectations as prices continue to rise. Target is […]

July 19, 2022

Inflation continues to rise in the US, having already reached a rate of 8.6% in May—the highest level seen in the last forty years according to the Labor Department. The consumer price index (CPI) for the same month shows that […]

June 24, 2022

Retail sales held up pretty well in the first half of the year, even accounting for inflation’s impact on the numbers. But with consumers spending more on food, gas and experiences instead of discretionary goods, it’s not clear how retail […]

June 15, 2022

May United States retail sales a sequential decline and an annual gain, according to data issued today by the United States Department of Commerce and the National Retail Federation (NRF). Commerce reported that May retail sales—at $672.9 billion—were down 0.3% […]

May 23, 2022

According to the International Monetary Fund (IMF), Russia’s unjust war in Ukraine is having a negative impact on the global economy, contributing to a significant slowdown in global growth in 2022 and beyond. Moreover, problems fueled by the conflict are […]

April 19, 2022

It comes as no surprise that there are concerns regarding the global economy after the pandemic, its subsequent continual lockdowns, and Russia’s invasion of Ukraine. Rising inflation and policy uncertainty is also plaguing the market, in addition to pre-existing problems […]

April 14, 2022

Despite ongoing high inflation United States March retail sales saw gains, according to data issued today by the United States Department of Commerce and the National Retail Federation (NRF). Commerce reported that March retail sales—at $665.7 billion—rose 0.5% compared to […]

March 31, 2022

The global economy is struggling to adapt to yet another crisis, after Russia decided to invade their neighboring country, Ukraine. According to the United Nations, almost 3.5 million people have already left the country now invaded by Russian forces, and […]

March 16, 2022

United States retail sales, for the month of February, were solid but were not at the same levels to begin 2022, according to data respectively issued today by the United States Department of Commerce and the National Retail Federation (NRF). […]

February 28, 2022

After more than two years of an unprecedented healthcare crisis, the global economy is still showing signs of weakness. This comes as no surprise, considering the fact that the COVID-19 pandemic has disrupted the daily lives of people everywhere, changing […]

January 27, 2022

Product returns are a big problem for retailers. In 2020, consumers returned an estimated $428 billion in merchandise, representing more than 10 percent of total retail sales. With ecommerce booming, returns are soaring as customers place more orders on a […]

December 22, 2021

Retail sales have been through unprecedented times of change, predominantly due to the pandemic. This article will explore the retail sales in the UK and the US, and compare them to see which retail sector thrived the most in 2021. […]

December 15, 2021

The pandemic-induced labor shortage has hit the retail industry particularly hard. Major retailers such as Walmart and Target this fall announced plans to hire workers to meet this year’s seasonal demand, but in response to higher competition for staffers, retailers […]

October 29, 2021

Amazon’s disappointing results show that not even the e-commerce giant can escape the realities in retail. For the company, and e-commerce in general, the pandemic-related rise in online sales has ebbed as vaccinations have allowed people to return to more […]

October 29, 2021

With concerns about the Delta variant still on the rise and the COVID-19 pandemic continuing to disrupt economies across the world, an increase in retail sales may seem not only unexpected but also a great achievement for any economy. However, […]

October 25, 2021

As important as first impressions, product imagery is an essential part of powering digital retail sales. And yet, for the longest time, an alternative to expensive product photography did not exist. Thanks to advances in 3D technology, retailers are discovering […]