Retail Sales Decline 0.6% in November
December 15, 2022 at 5:14 pm

Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation for the month, the Commerce Department reported Thursday. Retail sales for the month declined 0.6 percent, even worse than the Dow Jones estimate for a 0.3 percent drop. Measures that exclude autos and both autos and gas sales both…

3 Last-Minute Tweaks to Give the Gift of Personalized E-Commerce Experiences
December 15, 2022 at 4:02 pm

Holiday preparations can be exhausting — from baking cookies to filling stockings, consumers are exceptionally busy this time of year. Shopping for holiday gifts only adds to the stress as consumers are scrambling to cross off the items on their list. Additionally, this season will likely look different as shoppers are currently facing the impacts…

How Small Business Retailers Can Best Position Themselves During the Holiday Shopping Season
December 14, 2022 at 8:35 pm

Over the past few years, the holiday shopping season has crept up earlier and earlier as retailers look to generate additional revenue and target early shoppers. However, this year may prove to be a challenge for small businesses due to a plethora of factors including inflation, supply chain bottlenecks and changes in consumer buying behavior…

Industry Experts on Finding Your Brand's Place in the Metaverse
December 1, 2022 at 11:42 am

While the metaverse may not be widespread in retail just yet, there’s clear excitement among industry marketers about the new business opportunities it presents. This sentiment was made clear during a panel discussion that took place at this year's Total Retail Tech event.

Biggest Online Shopping Day Ever: Cyber Monday Shatters Records
November 29, 2022 at 4:39 pm

Consumers spent a total of $11.3 billion online on Cyber Monday, representing 5.8 percent growth year-over-year (YoY), according to Adobe Analytics. It registers as the biggest online shopping day of all time. In the peak hour (8:00 p.m. to 9:00 p.m. Pacific), consumers spent $12.8 million every minute. On Cyber Monday, online spending was driven by purchases of toys, with sales growing 684…

Delivering Growth: Top Strategies for E-Grocers to Have in Mind
November 28, 2022 at 4:27 pm

Flexibility, hyperpersonalization, and convenience are the retail buzzwords on everyone’s lips. In just five months, e-grocery experienced five years of growth, and there’s no going back. Grocery leaders expect the e-commerce market to more than double in the next five years, with delivery options increasingly favored by expectant consumers. Yet many grocers don’t believe they…

In-Store Visits, Online Shopping Saw Increases Over Thanksgiving Weekend
November 28, 2022 at 2:31 pm

Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe Analytics, which tracks sales on retailers’ websites. Overall, online Black Friday sales were up 2.3 percent year-over-year. Adobe also predicted that consumers were set to spend more than $9 billion online over the weekend ($4.52 billion on Saturday, $4.99 billion…

Consumers Spend a Record $5.29B Online on Thanksgiving Day
November 25, 2022 at 11:29 am

Consumers spent a record $5.29 billion on Thanksgiving Day, per Adobe Analytics data, up 2.9 percent year-over-year (YoY). Shoppers were enticed by big discounts in categories like toys and electronics, and took to their smartphones during holiday meals. Mobile shopping drove 55 percent of online sales (up 8.3 percent YoY), an all-time record for Thanksgiving Day since 2012. In the…

NRF Forecasts Record Number of Thanksgiving Weekend Shoppers
November 17, 2022 at 6:40 pm

An estimated 166.3 million people are planning to shop from Thanksgiving Day through Cyber Monday this year, according to the annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. This figure is almost 8 million more people than last year and is the highest estimate since NRF began tracking…