As we approach mid-year 2019, brands and retailers must plan now to ensure their products, logistics, warehouse space and marketing efforts are timely for this year’s 11.11.
According to an annual Mother’s Day spending survey from the National Retail Federation (NRF) and Prosper Insights & Analytics, about 84% of US consumers plan to celebrate Mother’s Day this year, broadly in line with last year’s 86%.
Some 79% of US consumers plan to celebrate Easter this year and to spend a total of $18.1 billion on shopping related to the occasion, slightly short of last year’s total of $18.2 billion, according to an annual spending survey from the National Retail Federation (NRF) and Prosper Insights & Analytics.
The 4–5–4 US retail calendar is a guide to the fiscal year ending February 1, 2020. The calendar, used by many US retailers, ensures comparability between years by dividing the year into months based on a 4-weeks–5-weeks–4-weeks format.
St Patrick’s Day Celebrations Look to be a Modest Event for Retailers, Despite Rising Numbers of US Celebrants
St. Patrick’s Day captures a lot of attention, but its retail impact is small compared to other holidays: Consumers plan to spend $40 on average for St. Patrick’s Day this year, less than a quarter their planned $162 Valentine’s Day spend.
Online Retailers Gear Up for Anticipated ¥1 Trillion in Spending with a New Round of Promotions: Chinese New Year Preview Update
Retail and food-service sales during Chinese New Year grew steadily from 2011 to 2018. During the 2018 Chinese New Year Golden Week (February 15-21), retail sales hit ¥926 billion (about $146 billion), 10.2 % higher than the same period in 2017 — and more than double what it was in 2011, according to Ministry of Commerce statistics.
Americans Fall Out of Love with Valentine’s Day — But Those Celebrating Are Set to Spend More than Ever
Valentine’s Day in 2019 is expected to be very different than it was a decade ago, according to an annual survey released by the NRF and Prosper Insights & Analytics. The percentage of people expecting to celebrate the day has dropped to 50.7% in 2019 from 54.7% last year and 62.8% in 2009, making likely 2019 participation the lowest in a decade.
US Holiday Comparable Sales Update: Department Stores See a Slowing Trend While a Number of Specialty Retailers Shine
Two big-box retailers, Costco and Target, posted strong numbers in the holiday season. Costco reported total same-store sales growth of 6.1% for December, which was below the 9.2% growth posted in November, but ahead of the consensus estimate of 4.8%. Costco grew its e-commerce sales by 13.6%. Target Corporation reported that comparable sales in the combined November and December period grew 5.7%, compared to 5.1% growth in the third quarter of fiscal 2018. Results were driven by positive store comps and comparable digital sales growth of 29%. Target expects that fiscal 2018 will be the fifth consecutive year in which its
The biggest spenders are those aged 35–44, who say they will spend an average of $123.26. The lowest are those 65 and older at $40.97. Viewers in the Northeast plan to spend the most, at an average $94.89, followed by the West at $84.01, the South at $79.09 and the Midwest at $69.24 — not surprising given the two teams playing are based in the Northeast and Southwest.
Chinese New Year Preview: Year of the Pig Celebrations to be Worth ¥1 Trillion to Retail as Digital Gifting and Traveling Continue to Go Big
Retail and food-service sales during Chinese New Year grew steadily from 2011 to 2018. During the 2018 Chinese New Year Golden Week (February 15-21), retail sales reached ¥926 billion (about $146 billion), 10.2 % higher than the same period in 2017 —and more than double what it was in 2011, according to Ministry of Commerce statistics.
UK Holiday 2018 Retail Sales and Trading Wrap-Up: December Growth Slows as Uncertainty Accelerates Structural Shift Away from the Midmarket
Momentum in the retail sector decelerated meaningfully in December, as measured by both value and volume (real terms). Value sales growth slowed from 4.2% in November to 2.1% in December. This was despite a number of retailers reporting a better month in December following an unusually tough November. Across November and December in aggregative (our definition of the holiday period), sales were up 3.0% year over year.
As US retailers report comparable sales for the 2018 holiday season, we’re seeing a mixed bag of results. Some retailers such as Costco and Boot Barn did well, reporting strong comparable sales growth and beating consensus estimates. Retailers such as Target, Barnes & Noble and Buckle showed sequential comparable sales growth improvement, but not as strong. Comparable sales at Macy’s and L Brands weakened sequentially.
We review the categories, products and brands that are likely to be in demand this holiday season.
From Thanksgiving Day through Cyber Monday, more than 165 million Americans shopped according to a new survey by the National Retail Federation (NRF) and Prosper Insights & Analytics.
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