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NRF: Holiday Spending Could Top $966B, but Shift from Goods to Services Continues

Retail TouchPoints

seen from 2010 to 2019. “It Overall household finances remain in good shape and will continue to support the consumer’s ability to spend.” consumers spent online during holiday 2022. Adobe is forecasting more modest growth for ecommerce sales during this period, predicting they will total $221.8 billion , up 4.8%

Finance 264
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Meet Gen Alpha, the kids and tweens already influencing purchase decisions

Inside Retail

We’re talking about Generation Alpha – or people born between 2010 and 2024. But knowing that Generation Alpha would be the first to be entirely born in the 21st century (with births commencing in 2010), I believe they are not a return to the old, but the start of something new.

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Retail Loyalty’s Moment is Now

Retail TouchPoints

There’s no question that rising prices have altered consumer behaviors. Our recent survey of North American, UK and APAC consumers — which is the basis of an upcoming Eagle Eye report — found similar trends globally: 61% of shoppers worldwide are using money-saving tactics like seeking out on-sale items and coupons more often.

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Contactless payment limit to jump to £100 in October

365 Retail

Shoppers will be able to pay up to £100 using their contactless cards from October 15, trade body UK Finance said. David Postings, chief executive of trade body UK Finance, said: “Contactless payment has proved very popular with consumers and an increasing number of transactions are being made using contactless technology.

Finance 105
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How Castlery came back from the brink to disrupt the furniture industry

Inside Retail

The first is what happened to consumer behaviour. The definition of home changed during Covid – suddenly, consumers had no choice but to buy online. New York is very exciting, but as a brand, we felt we could offer something different and useful for the consumer in Australia. How did you capitalise on that?

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Exclusive CEO Q&A: How Hand & Stone Massage Kept Growth Going Even During Shutdowns

Retail TouchPoints

Additionally, financial crises actually lead to growth in the franchise business, because you have a lot of upper-middle-market executives who get laid off, or have had enough of the corporate life and decide to invest in their own business, and we saw that happen in 2009-2010. Leff: That’s the strength of franchising.

Location 205
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Meet the team behind The Body Shop’s potential owner

Retail Gazette

The Body Shop has to figure out whether it wants to be Lush – fun products, bright colours, appealing to a much younger audience – or positioned to a more sophisticated consumer alongside Ren and Neal’s Yard,” she says.