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Holiday 2022 Recap: Promotions, BOPIS Drove Late-Season Engagement as Overall Growth Slowed

Retail TouchPoints

In general, consumer spending on goods has proven weaker as more Americans are spending available funds on services, travel and activities that were limited during the pandemic ,” said Lisa Plonka, Partner and leader of Plante Moran ’s Consumer Goods Practice. Sporting Goods : 10% vs. 6%.

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Consumers Just Keep Spending Online: Here’s How to Keep it Going this Holiday Season and into 2024

Retail TouchPoints

However, the overall data masks some key data points that may be of concern to retailers, including data showing declines in discretionary categories such as furniture (-1.0%) and sporting goods (-1.6%). And with less inflation, consumers will regain some spending power. But there are possible headwinds on the horizon.

Consumer 312
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DICK’S Promotes New CEO as Retailer Reports Strong Q3 Results

Retail TouchPoints

DICK’S Sporting Goods has promoted President Lauren Hobart to the roles of President and CEO, as of Feb. Hobart brings more than 25 years of finance, consumer and retail experience to the role. Current Chairman and CEO Edward Stack will assume the role of Executive Chairman and continue as Chief Merchant.

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Adidas Opens First TERREX Outdoor-Lifestyle Store in Canada

Retail TouchPoints

Sporting goods and active lifestyle retailers have been responding to the continued growth in consumer demand for outdoor gear. In September 2021 , DICK’S Sporting Goods launched its Public Lands store concept that offers outdoor apparel, footwear and equipment.

Outdoor 301
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Footwear Brands Can Connect With Consumers Over Sustainability

Retail TouchPoints

Consumers are increasingly voting with their feet when it comes to the issues that affect our world and our nation. Citizen Shoppers’ entreat companies to not just sit back and sell goods and services, but to also work toward improving the environment around us. The sustainable footwear market was $7.5 Don’t Stop at Shoes.

Consumer 248
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Ebay Continues Trust Offensive with Acquisition of Certilogo

Retail TouchPoints

Ebay ’s spending spree is continuing with the acquisition of Certilogo , a provider of digital IDs and authentication tools for apparel and fashion goods. “Ebay pioneered recommerce, while Certilogo pioneered connected products and consumer-facing digital authentication. .

Apparel 266
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Dick’s, Lowe’s, Target Execs Cite Theft’s Impact on Financial Results and Safety

Retail TouchPoints

While shrink is far from a new problem in retail, the impact of theft — particularly large-scale operations run by organized retail crime (ORC) rings — has been garnering the attention of executives at some of the country’s largest retailers, including Lowe’s , Target and Dick’s Sporting Goods.