Mass Relators

OCTOBER 19, 2023

WASHINGTON – Consumers celebrating the winter holidays expect to spend an average of $875 on gifts, food and seasonal items, according to a survey conducted by Prosper Insights & Analytics for the National Retail Federation. Regardless of how early consumers start, the majority (62%) expect they won’t finish until December.

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Inside Retail

FEBRUARY 20, 2023

Specialty value retailer Best & Less Group has reported a slump in profits as consumer demand softened during the first half. The company plans to open six new stores in this half. The post Weak consumer demand dents Best & Less Group profits appeared first on Inside Retail. million while tax-paid profit fell 31.8

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Retail TouchPoints

DECEMBER 4, 2023

Following a spending surge during the pandemic, consumers are now cutting back on luxury purchases, putting both brands under pressure. Saks currently operates 39 stores, while Neiman has 36 department stores, two Bergdorf Goodman stores and five Last Call discount stores.

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Rangeme

APRIL 17, 2023

Consumers have struggled with rising inflation concerns for well over a year, and the uncertainty has profoundly impacted family spending decisions. As the economic downturn stretches into the second quarter of 2023, consumer confidence is still on shaky ground, even as inflation shows signs of slowing down. In July 2022, only 29.5%

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Retail TouchPoints

MARCH 10, 2022

Ross Stores is already nearly one-third of the way toward its goal of opening approximately 100 new stores in fiscal 2022. In February and March 2022, the discount retailer opened 22 Ross Dress for Less locations and eight dd’s DISCOUNTS stores in 15 states and Guam.

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Retail TouchPoints

JULY 20, 2022

Ross Stores is opening 29 new locations in 12 states over June and July as it continues to move toward its goal of opening approximately 100 new brick-and-mortar stores in FY 2022, which ends Jan. off-price apparel retailer plans to open 75 Ross Dress for Less and 25 dd’s DISCOUNTS stores. The Dublin, Calif.

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Retail TouchPoints

JULY 14, 2023

Consumers are expected to spend a record $41.5 For all back-to-class shoppers, the top retail destinations are ecommerce, department stores and discount stores. billion on back-to-school (BTS) shopping this year, up from $36.9 billion in 2022 as well as the previous high of $37.1 The firm recorded a 23.7%

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Inside Retail

JUNE 1, 2021

TheDOM.com (DOM stands for Digital Off-Price Mall) will offer discounted designer fashion, streetwear and activewear from more than 90 leading Australian and international brands when it goes live in the second half of June, and there are plans to expand into additional categories, such as homewares, electronics and travel, in the future. “We

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Inside Retail

SEPTEMBER 13, 2023

“It was a massive challenge, but Silly Solly’s responded to consumer demand for new ranges of products to help ease cost of living pressure with a huge everyday focus on essentials items, at affordable prices.” The chain boasts ‘Nothing over $5’ in its advertising.

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Inside Retail

DECEMBER 19, 2023

A shift in Chinese retailers’ strategy toward lower-priced goods and services to win cost-conscious consumers risks embedding the country’s recent deflationary trends more permanently into the world’s second-largest economy. This stands to create more headwinds for China’s stuttering post-Covid recovery.

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Mass Relators

MARCH 28, 2022

Consumers are eager to return to their pre-pandemic holiday traditions, particularly as it relates to purchasing food and gifts for in-person celebrations this Easter,” NRF President and CEO Matthew Shay said. Friends and family want to be together, and consumers are willing to spend money to make these events memorable.”. on clothing.

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Retail TouchPoints

MARCH 8, 2021

Ross Stores recently opened four Ross Dress for Less and three dd’s DISCOUNTS stores across five different states in February and March. The off-price apparel and home fashion retailer reported $12.5 billion in revenue for fiscal 2020. .

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Retail TouchPoints

JANUARY 29, 2021

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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Retail TouchPoints

MARCH 7, 2023

As part of the retailer’s plans to open 100 locations in 2023, Ross Stores opened 11 Ross Dress for Less and eight dd’s Discounts stores in 13 states during February and March. The 2023 additions will include 75 Ross and 25 dd’s Discounts locations.

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365 Retail

JUNE 6, 2023

Consumer card spending in the UK grew by only 3.6 In response, one-fifth of consumers (20 percent) are opting to purchase products in bulk that offer better value for money, moving away from downsized products by manufacturers. In contrast, discount stores enjoyed a growth of 5.0 percent). . percent and 13.1

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Retail TouchPoints

JANUARY 5, 2023

Although there are signs that inflation is easing, higher prices and an uncertain economy continue to impact consumer behavior. Although many customers are “brand loyal,” given the economic environment, stressed consumers nowadays will most often make retailer and product choices with price as the main factor. Today’s Consumer Mindset.

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Retail TouchPoints

FEBRUARY 11, 2022

consumers tune in to the big game. consumers plan to celebrate Valentine’s Day in 2022, up from 52% in 2021. Ecommerce shops will be the most popular destination, visited by 41% of shoppers, followed by department stores ( 32% ), discount stores ( 28% ), small businesses ( 18% ) and florists ( 17% ).

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A1 Retail

MARCH 7, 2023

Growth of supermarket spending slowed, as consumers continued to find ways to reduce the cost of their weekly shop Produce shortages are impacting grocery shopping behaviour, with tomatoes, eggs, peppers, cucumbers and lettuce the items most difficult to source Spending on public transport jumped 22.6 percent) than in January (10.4

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A1 Retail

OCTOBER 13, 2021

The Barclaycard report combines hundreds of millions of customer transactions with consumer research to provide an in-depth view of UK spending. Consumer card spending grew 13.3 However, ongoing supply chain shortages and rising food and energy prices have hampered consumer confidence. per cent uplift compared to 2019.

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A1 Retail

JUNE 6, 2023

In response, a fifth of consumers (20 percent) are switching away from products which have been downsized by manufacturers in favour of buying products in bulk which offer better value for money. percent) – as half (50 percent) of consumers say they are cutting down on discretionary spending to cope with rising household bills.

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Inside Retail

JULY 12, 2021

Discount supermarket Aldi is making a push into convenience with the opening this week of a Corner Store concept in North Sydney. The new store layout is designed to support smaller-basket, convenience-driven purchases, in contrast to the traditional big-box Aldi supermarket typically frequented by consumers for larger shopping trips.

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Inside Retail

APRIL 6, 2021

Consumers worldwide spent an additional US$900 billion online last year as the Covid-19 crisis forced people to stay home and observe social distancing through much of the year. With more choices at their fingertips, consumer spending on international e-commerce grew around 25 to 30 per cent year on year from March 2020 through February 2021.

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Retail TouchPoints

JULY 8, 2021

consumers to return to some version of normalcy, global sentiment is still mixed, according to Kantar’s Wave 9 survey of more than 10,000 people across 20 countries. Anxiety rates undoubtedly influence consumer behaviors, especially shoppers’ willingness to return to large physical spaces such as malls. Do you agree?

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Mass Relators

AUGUST 7, 2023

WASHINGTON — Consumers are expected to spend record sums this year on back-to-school and back-to-college shopping, according to the annual survey from the National Retail Federation (NRF) and Prosper Insights & Analytics. Back-to-class shopping is one of the most important consumer shopping occasions of the year. billion in 2021.

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Mass Relators

JULY 13, 2023

WASHINGTON – Consumers are expected to spend record amounts for both back-to-school and back-to-college shopping this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. Back-to-class shopping is one of the most important consumer shopping occasions of the year.

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Inside Retail

FEBRUARY 27, 2023

For retailers closely watching consumer confidence levels and spending trends, getting an accurate reading about what lies ahead can be challenging. Still, many consumers are undoubtedly feeling the impact of interest rates and the rising cost of living. This has become more crucial as the economic cycle continues to shift.

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Inside Retail

FEBRUARY 2, 2023

Especially in department stores, where the consumer appetite to spend appears to have fallen so dramatically between November and December? I think consumer spending, certainly in discretionary spending categories, will normalise and soften. I think we’ll start to see a return to normality,” Mortimer told Inside Retail. “I

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365 Retail

JUNE 23, 2023

The robust performance of online retailers is largely attributed to the warm weather experienced in the latter half of May, which encouraged consumer spending on summer goods. This is indicative of the ongoing volatility in the retail industry as it navigates post-pandemic recovery and evolving consumer trends.

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Mass Relators

APRIL 27, 2023

WASHINGTON — Consumers plan to spend $35.7 Consumers plan to spend $274.02 adult consumers was conducted April 3-11 and has a margin of error of plus or minus 1.1 Consumers will spend a total of $7.8 billion on Mother’s Day this year, nearly $4 billion more than last year’s record of $31.7 on Mother’s Day.

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Inside Retail

AUGUST 24, 2023

billion in FY23 as operating conditions and consumer behaviours continued to normalise. billion with sales growth recorded in both consumer and commercial customer segments and across all trading regions despite prolonged wet weather on spring trading on the East Coast. For the year to June 30, group sales rose 18.2 per cent to $43.5

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Inside Retail

MAY 18, 2021

“While the business was experiencing strong sales before the pandemic, it has provided a strong tailwind as customers increasingly focused on value,” he said in a statement released at the end of 2020, adding that “consumer demand for our proposition of ‘twice the quality at half the price’ is here to stay.”.

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Mass Relators

JANUARY 31, 2022

Following the historic level of consumer spending over the winter holidays, it appears that the trend will continue into 2022,” NRF President and CEO Matthew Shay said. consumers plan to celebrate the holiday in 2022, up from 52% in 2021. adult consumers was conducted Jan. billion this year, up from $21.8 percentage points.

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Mass Relators

MARCH 24, 2023

WASHINGTON – Consumers plan to spend a collective $24 billion on Easter this year, up from $20.8 As consumers plan to mark the occasion through a variety of traditions, retailers are dedicated to making this year a memorable holiday.” Consumers are also expected to spend $4 billion on clothing, $1.8 billion), gifts ($3.8

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Retail TouchPoints

SEPTEMBER 1, 2023

billion, largely driven by positive sales contributions from new stores. decrease in same-store sales, which was largely due to a decline in store traffic. Even though the retailer saw growth in the consumables category, sales across home, seasonal and apparel categories fell. These sales helped offset a 0.1% in Q2 2022.

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Mass Relators

FEBRUARY 26, 2024

Over the course of the last decade, the company that began as a general merchandise discount store operator has entered several new fields, including financial services, technology development and health care clinics, to name just a few.

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Inside Retail

SEPTEMBER 6, 2023

Sustainability, but at a price Macro trends pull and push consumers when it comes to how they spend their hard-earned money. These consumers are looking for brand experiences and attributes that are centred around sustainability. But a new consumer dilemma is looming. Sustainability, it seems, has a prioritisation problem.

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Rangeme

FEBRUARY 1, 2022

This was primarily due to consumers staying at home, says Neil Saunders, Managing Director and Retail Analyst. Traditionally consumers stick with traditional gifts like chocolates, candy, and flowers, along with jewelry, according to GlobalData. Consumers, she says, have been “prompted by the tough nature of the last two years.”.

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