With less than a week until Christmas, shoppers will need to head into physical stores to grab those last-minute gifts — or shell out more money for expedited shipping from online retailers. And that’s what independent footwear stores are banking on to help boost revenue as the year comes to a close. “So far, [our holiday] sales have […]
Retailers in the third quarter noted a broad consumer pullback in discretionary categories. But that didn’t stop them from sharing positive projections for Black Friday, Thanksgiving weekend and subsequent Christmas shopping weekends. While retailers are generally optimistic about holiday, many are emphasizing value to win over inflation-stricken consumers during an uncertain economic environment — and that means […]
U.S. retail sales for holiday 2023 will grow between 3 percent and 4 percent over 2022 to between $957.3 billion and $966.6 billion, the National Retail Federation forecasts. The forecast, which is for the Nov. 1 to Dec. 1 period, marks a return to pre-pandemic holiday spending levels from more heady spending in more recent years. The […]
Holiday retail sales in the U.S. will rise 3.7 percent in a 2023 season marked by “normalizing” omnichannel trends, according to Mastercard. Executives from the giant payment processing company pointed out that the 3.7 percent rate pertains to the Nov. 1 to Dec. 24 period, and is in nominal numbers, which excludes inflation. That means that […]