Greetings, and thanks for following us as we wrap up 2021! Consumer spending slows in November raising risks of a broader economic slowdown amidst a new wave of COVID. Carol VencilDecember 23, 20212021
November retail sales rose 0.3% over October; consumers may be having difficulty keeping up with inflation-driven price increases. Carol VencilDecember 17, 20212021
Metaverse could disrupt the Fashion industry as much as streetwear has, per The LE BOOK Connections Paris Show. Carol VencilDecember 10, 20212021
With holiday sales spread over more weeks and early deals showing up even in October, consumers didn’t wait for Black Friday or Cyber Monday. Carol VencilDecember 3, 20212021
It’s a most wonderful time of the year…. for the news! As Cyber Monday shopping continues, traffic to stores on Black Friday was down about 29% vs. 2019 levels yet up 47% vs. last year. Carol VencilNovember 29, 20212021
Per Commerce Dept., retail sales rose 1.7% in October. Leading retailers to report robust traffic and results. Carol VencilNovember 19, 20212021
Holiday forecasts are starting to emerge. Deloitte's consumer survey shows that consumers are shopping earlier, and spending is likely to approach 2019 levels. Carol VencilOctober 22, 20212021
In retail news, Marshal Cohen of The NPD Group reports that “September did indeed prove to be a seismic shift in retail…. Carol VencilOctober 15, 20212021
Per The Robin Report, The Nightmare before Christmas begins. The United States Postal Service plans new longer shipping schedules and a surcharge for the holidays. Carol VencilOctober 8, 20212021
Dollar Tree Stores to sell products over $1 - inflation arrives! JLL Consumer research forecasts 8.8% rise in consumer spending for 2021, the strongest since WWII. Carol VencilOctober 1, 20212021
US Consumers plan to spend an increase of 10% - 13% over LY holiday season per AlixPartners survey. Carol VencilSeptember 24, 20212021
U.S. retail sales anticipated to grow 7.4% this holiday, per Stephen Sadove of Mastercard SpendingPulse. Carol VencilSeptember 17, 20212021
U.S. ports predict that shipping logjams (“Shippageddon”) will likely extend far into 2022, meaning the recent crush of container imports will last beyond the holidays. Carol VencilSeptember 10, 20212021
First Insight, Inc.’s studies show consumer confidence declining as the Delta variant surges. U.S hiring fell sharply as employer and worker confidence slowed per The Wall Street Journal. Carol VencilSeptember 3, 20212021
Consumer spending grew more slowly in July per the Commerce Department, suggesting that the recent economic recovery lost momentum amid Delta variant uncertainty. Carol VencilAugust 27, 20212021
US retail sales fell 1.1% in July from June, with spending down broadly across categories as concerns about the Delta variant grew. Carol VencilAugust 20, 20212021
Per First Insight, Inc. survey, shoppers are growing anxious to visit stores, while some are cutting back spending, particularly during BTS shopping season. Carol VencilAugust 13, 20212021
Bank of America research argues the Delta variant could cause consumers to spend less. Carol VencilJuly 30, 20212021
Deloitte survey indicates Back To School spending will be the highest level in years. US retail sales rose 0.6% in June as economy more broadly opens. Carol VencilJuly 16, 20212021
Consumer Growth Partners (CPG) forecasts warp speed growth for back-to-school. Mastercard reports June retail sales increased 11% over LY. Carol VencilJuly 9, 20212021
