With holiday shoppers already making purchases and an increasing number of consumers expected to shop on Thanksgiving, analysts are predicting that this year’s Black Friday won’t have quite the same clout.
A new study from NRF has revealed that U.S. consumers intend to spend an average of $1,048 this holiday season, up 4% from last year, with most shoppers planning to split their spend over a range of different channels.
The NRF Holiday Forecast expects U.S. holiday sales to rise between 3.8% and 4.2% year over year in 2019, an increase driven by strong consumer spending power but threatened by ongoing economic uncertainty.
According to a new study from the NRF and GfK, 66% of US millennials are more loyal to brands that let them give input, but with concerns about sharing personal data mounting, personalization is far from the easy option.
In a letter sent to Trump administration officials on Thursday, the National Retail Foundation affirmed that the threatened closure of the US-Mexico border would be a "self-inflicted wound to the American economy."
U.S. retail sales are expected to rise between 3.8 percent and 4.4 percent to more than $3.8 trillion in 2019, the National Retail Federation said on Tuesday, citing high consumer confidence and rising wages.
Organized retail crime has hit a record high according to a new NRF study, with losses averaging $777,877 per $1 billion in sales and nearly three-quarters of retailers surveyed reporting an increase in the past year.