US retail news and archive

US retail sales up 3.1% this holiday season

This year's holiday season appears to have been a hit so far for US retailers, with retail sales increasing 3.1 percent year-over-year, according to preliminary insights from Mastercard SpendingPulse ™*. “This holiday season, the consumer showed up, spending in a deliberate manner,” said Michelle Meyer, chief economist at the Mastercard...

Retail

Increased optimism sees US consumers willing to spend more in 2024

With the new year right around the corner, consumer spirits are soaring high, especially in the United States. American consumers are reportedly feeling more confident going into 2024 and, therefore, more willing to open their wallets and spend, according to the latest US Consumer Trends Report from data analyst platform Attest. One-third (33...

Retail

NRF: US retail sales to rise between 3.8 and 4.4 percent to 3.8 trillion dollars in 2019

Don’t believe negative predictions about retail, as sales are expected to grow despite the trade war, the volatile stock market and the effects of the government shutdown, said the National Retail Federation (NRF). Retail sales are predicted to increase between 3.8 percent and 4.4 percent to more than 3.8 trillion US dollars in 2019. “We believe...

Retail

Ron Dorff plans expansion in U.S. for 2018 and 2019

Menswear label Ron Dorff, known for its contemporary wear, is diving into U.S. expansion. Although currently focused on Europe locations in the new future, the company has confirmed plans to grow in the U.S. The loungewear and sportswear brand is planning its expansion through necessary, big steps. First, the company is opening a shop in London...

Fashion

US retailers implement Bangladesh safety plan

Major US retailers including Gap and Walmart are expected to begin implementing the Bangladesh safety-plan, to meet the September 10 deadline. In the wake of the Bangladesh factory that collapsed last April, a group of 20 retailers will appoint an executive director and management firm to oversee the 45 million dollar funding in place to improve...

Fashion

US luxury demand linked to stock market

The American luxury sector has survived the general retail volatility of the past year, posting robust sales as wealthy shoppers continue to devour luxury goods. In July, luxury sales excluding jewelry soared 11.6% year over year, the 10th consecutive month of increases, according to data service MasterCard Advisors SpendingPulse, which...