The adoption of direct selling tactics by retailers isn’t just a temporary response to the pressures of the holiday season; it’s part of a larger trend in the evolution of retail sales enablement. As the National Retail Federation forecasts holiday spending to reach nearly $989 bil...
Holiday retail sales rose in 2023 According to Mastercard SpendingPulse, overall U.S. retail sales increased 3.1% year-over-year during the holiday season. By Zachary Russell 1/3/2024 In the end, shoppers provided retailers with a solid holiday season, with sales that met the low end of ...
In 2022, retail e-commerce holiday season sales in the United States amounted to about 228 billion U.S.
with holiday retail sales amounting to approximately 416 billion U.S. dollars back in 2002. Holiday retail sales are afraction of total retail sales in the United Stateswhich were around seven trillion U.S. dollars in 2023.Holiday season e-commerceis also on the rise, with increasing numbers...
However, the $955.6 billion spent during the 2023 holiday shopping season was 3.9% more than in 2022. This year’s predicted pace is consistent with the average increase of 3.6% from 2010 to 2019. During the coronavirus pandemic, Americans ramped up their spending. Holiday season sales rose ...
After expressing record holiday spending intentions in 2023, respondents are yet again planning to up their purchases, and expect to spend $1,778 (+8% year over year) this holiday season. The uptick in spend is attributed to a rosier economic outlook (+9 percentage points [PP]), perceived...
“We expect healthy employment and income growth to keep the volume of sales growing for the 2023 holiday season,” said Daniel Bachman, Deloitte’s U.S. economic forecaster. “Inflation, which accounted for much of the increase in the value of retail sales last year, ...
Q4 is an essential time for retail businesses. The holiday season—when the world does most of its shopping—makes up the bulk of Q4. Retailers in all sectors want to have their promotions, pricing, and planning in order as soon as possible. ...
“During the holiday season, retailers tend to have a lot of employees in the store, and they should make good use of those eyes and ears,” he said. “But just as important is to make sure that employees understand what the policies of the store are generally. That means, do ...
The 2023 holiday season outlook is strong, with young consumers leading the way. Holiday sales are expected to hit $221.8 billion, a 4.8 percent year-over-year increase, according to Adobe’s latest report. Flexible shopping methods like buy now, pay later (BNPL) are particular...