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NRF: 52% of Shoppers Celebrating Valentine’s Day, Spending a Combined $21.8 Billion

Retail TouchPoints

The holiday may be serving as a form of release for pent-up consumers: nearly three-quarters ( 73% ) of shoppers celebrating Valentine’s Day this year feel it is important to do so given the current state of the pandemic. Just over half ( 52% ) of U.S. adults plan to celebrate Valentine’s Day this year, spending a total of $21.8

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Why it’s good to be a mall operator in the Philippines right now

Inside Retail

The booming retail business Aside from the retail properties, SM Investments also has a separate retail arm consisting of about 3850 department stores, supermarkets, hypermarkets and specialty stores. Same-store sales have been increasing at a rate above 6 per cent and twice that at its 74 department stores.

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Why Japan’s Aeon Mall is chasing growth overseas

Inside Retail

Specialty store sales have dragged at Aeon’s 83 malls and have consistently been down double-digit percentages compared with 2019, particularly in the all-important apparel segment, where sales have been off close to 20 per cent over the two-year period. billion yen (about $30.8 The three-year plan.

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How British brand Papier is driving growth in the global stationery market

Inside Retail

The rise of the stationery market Research and Markets attributes the rise of this seemingly old-fashioned consumer product category to a few factors, including consumers’ preference for a tactile writing experience, the power of influencer marketing and the growth of e-commerce.

Marketing 100
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Retail Statistics You Should Know

Small Biz Trends

The retail industry in the US accounts for 18.7 % of total gross domestic product (GDP). image: SCORE If you want to run a successful retail store, you should not only know about how to open a retail store but also what kind of retail store (big or small) you want to open. These occupations account for 6.3%

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Why department stores are thriving in Japan even as the US sector shrinks

Inside Retail

Broken out by store type, growth was not even across the board. The nation’s 56,000 convenience stores posted a sales increase of 5.4 Large specialty stores selling home appliances (2,667 of them) were down by 4.6 per cent and home improvement sales (4,440 stores) were down 0.4 Supermarkets (5,921 stores) gained 1.8

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PLMA’s Show to hail ‘Store Brands Phenomenon’

Mass Relators

Store brands accounted for nearly one-third of all new sales flowing into U.S. And there’s more to come, according to PLMA, which says that every day, store brand products are moving into new categories, chains, channels, and platforms. Sales and dollar and unit market shares are at all-time highs. retailing last year.