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NRF: Consumers to spend more for Valentine’s Day

Mass Relators

WASHINGTON – Consumers are expected to spend $25.9 This year, as consumers embrace spending on friends and loved ones, retailers are ready to help customers celebrate Valentine’s Day with memorable gifts at affordable prices.” More than half (52%) of consumers plan to celebrate and will spend an average of $192.80.

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IRI research shows rebound in consumer sentiment

Mass Relators

CHICAGO – Consumer sentiment is on the rise after the unprecedented circumstances of 2020 took a toll on the financial health of many Americans. The Consumer Sentiment Index is up seven points in July 2021 compared to July 2020. IRI anticipates younger consumers will buy even more pet products in the coming year.

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The Evolution of Retail Formats: Adapting to Environmental and Social Forces

Retail Focus

Retailers have continually adapted to changing consumer demands, technological advancements, and shifting societal values. The journey of retail formats, as we know them, began with specialty stores, where retailers differentiated themselves through elevated service, expansive inventory, and deep local knowledge.

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Exclusive Q&A: Queer Executive Seeks Genuine Corporate Support, not ‘Rainbow-Washing’

Retail TouchPoints

It was a strong sign that these groups, as well as individual consumers, are frustrated with “rainbow-washing,” the LGBTQ+ equivalent of “greenwashing” that sees companies pay lip service to the community but seemingly abandon it when that support becomes problematic. It’s about where we are and how far we’ve come, but also honoring our past.

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ESW Completes Acquisition of Scalefast

Retail Focus

ESW, the world’s leading global direct-to-consumer (DTC) ecommerce company, announced today that it had successfully completed its previously announced acquisition of Scalefast, a Los Angeles-based, end-to-end ecommerce solution provider.

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What Rewe’s hybrid concept says about the future of checkout-free stores

Inside Retail

Back in 2020, Amazon opened its first Amazon Go store in Seattle, introducing consumers to the concept of full-size, cashierless grocery stores. The store also features smart scales that allow shoppers to buy produce by weight for the first time in Rewe’s autonomous stores. Already at it in Singapore.

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NRF: Easter spending to reach $24 billion

Mass Relators

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