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Will This Week Bring an Olympic Rise to Retail Sales?
11 Aug, 2016 • Helen Thomas
Even before the Olympics started, the retail industry has experienced a big spike in athletic apparel. The growing popularity of “athleisure” clothing have helped athletic apparel see an increase this year of 14% to $45.7 billion as of the end of May. Now the Olympics are in full swing, and the athletes are all decked... Read more »
BACK TO SCHOOL AND COLLEGE SALES HELP RETAIL SUMMER SLUMP
04 Aug, 2016 • Helen Thomas
Back to School sales helped raise retail sales by .3% over the previous week and 2.5% over one year ago, following a four-week decline in June into July. Expectations are that Back to School sales will rise another 2.5% from July through September, which will be a successful repeat of the 2015 season. Discounters and... Read more »
US Beauty Market Expected to Grow to $90 Billion in 2020, and Accelerated Analytics Cosmetics Brands are in the News!
26 Jul, 2016 • Helen Thomas
Today’s $80 billion US beauty market will continue to grow according to a report by Euromonitor International. This growth rate will mean the beauty market will grow by 45% in 10 years. In 2015, the premium beauty category grew 7%, with premium foundation sales increasing 14.2%, compared to just 3% the prior year. Consumers have... Read more »
JUNE RETAIL SALES LOOK GOOD FOR DEPARTMENT STORES
26 Jul, 2016 • Helen Thomas
Department stores and general merchandise stores helped June have a strong increase in retail sales. Department stores rose .7% to $13.2 billion and general merchandise stores rose .4% to $56.1 billion. Overall, retail sales rose .6% in June, to $457 billion, above economists’ expectations for the month. “June’s retail sales grew at a solid pace... Read more »
Home Improvement Spending Expected to Reach $321 Billion by Mid-2017
22 Jul, 2016 • Helen Thomas
After the housing crash of 2006, the US home remodeling market saw its worst downturn in history. Growth in home improvement spending has grown on average about 4.9% since then. Now, with home equity back and home prices on the rise, people are putting their cash to work to remodel and repair their homes. Growth... Read more »
TOP RETAIL BRANDS OF THE YEAR ANNOUNCED
15 Jul, 2016 • Helen Thomas
The 2016 Harris Poll EquiTrend Retail Brands of the Year study results were announced, with several retailers getting high points for engaging customers. For the fourth straight year, 2 brands took top honors in their segment categories: The Home Depot for hardware and home brand of the year, and Kohls.com as online department store of... Read more »
IS A ‘POKEMON GO’ GYM OR POKE STOP AT YOUR FAVORITE RETAILER?
15 Jul, 2016 • Helen Thomas
As you look around your local restaurants, convenience stores and retailers, do you see people hard focused on their phones, and looking for something at that establishment you cannot see? Most likely these are users of the new, very popular, Pokemon Go app, getting explorers to go out into the real world with their avatars.... Read more »
Luxury Goods Have Lost Their Shine
14 Jul, 2016 • Helen Thomas
High income shoppers in the U.S. have had their confidence shaken in recent months. Between Britain’s vote to leave the E.U. and economic uncertainty in China, coupled with global stock market and currency swings, luxury brands are suffering. China is attempting to drive down conspicuous consumption amid a slowing economy, and Chinese tourism growth... Read more »
FOURTH OF JULY SALES KICK INTO GEAR: WHAT WILL THE BEST DEALS BE?
01 Jul, 2016 • Helen Thomas
School just got out, and everyone is gearing up for the big Independence Day summer holiday. But retailers are already thinking about Back to School, wanting to clear out summer inventory to make way for Back to School sales that will start right after July 4. So where will the biggest savings be, and on... Read more »