That means there are no guaranteed wins for retailers as consumers decide how much to spend through the remainder of the holiday shopping season, which can represent up to 40 percent of sales for discretionary retailers.Some consumers will trade down, while others will splurge. W...
The 2023 holiday shopping season has come and gone, but its festive echoes still resonate. Beyond the glittering lights and joyous carols, the 2023 season unveiled fascinating trends that helped reshape the retail landscape. Consumer shopping behavior changes over time, and the 2023 holiday shopping...
In fact, 12% of Americans still have overdue balances from the 2023 holiday season, owing an average of $621. Most Americans (57%) said they typically exceed their holiday budget, and 15% of Americans said they’ve maxed out a credit card because of the holidays at some point, including...
US consumer shopping trends for the 2023 holiday season show some surprising new data and emerging behaviors. We look at what it means for retailers.
2. Holiday Season shopping continues its shift earlier The Holiday Season has been getting longer for several years now—with some now dubbing the entire month of November “Black Month”. In 2022, traffic in the first week of November surged a massive 47% YoY. In 2023, this trend continued...
WASHINGTON – Every retail holiday season since the pandemic has been unique, and that will be the case again this year, National Retail Federation Chief Economist Jack Kleinhenz said today. “The last few holiday shopping seasons have been filled with unmatched peculiarities for consumers a...
Mcommerce Holiday Season Sales, 2020-2024 (billions, % change, and % of total retail ecommerce holiday season sales)Stores and Mcommerce Will Power Holiday Retail Growth in 2024 (billions in US retail holiday season sales and growth, % change, and % of total growth, by channel, 2023 & ...
Last updated12 Oct 2023 Unify online and in-person sales today. For free. Talk to sales With this year’s holiday shopping season quickly approaching, you may be thinking about how to engage shoppers and increase sales for your retail business during this time of year. ...
latest Holiday Shopping report, we found that 93% of consumers plan to shop small this season. Follow the link in bio to get the full report and strategies small business owners can employ to make the most out of this holiday season.#Community#SmallBiz#SmallBusiness♬ original sound - ...
billion dollars this season Nov 1st – Dec 31st, 2024 131.5 billion dollars this season Nov 1st – Dec 31st, 2024 Top-line spend Online retail spending hit new highs this holiday season: Consumers spent a record $241.4 billion online during the 2024 holidays, up 8.7% from 2023. ...