US retail sales are forecasted to grow between 2.7 percent to 3.7 percent in 2025, reaching 5.42 to 5.48 trillion dollars, according to the National Retail Federation (NRF). This projection was shared earlier this week, during the NRF’s annual State of Retail & the Consumer event, and reflects economic momentum driven by low unemployment and...
Apr 4, 2025
Essential spending returned to growth in January after four consecutive months of decline, while wellness and social media trends drove discretionary purchases, according to new data from the Barclays Consumer Spend report. Despite falling consumer confidence in the UK economy, down five percentage points to 21 percent, spending on essential...
Feb 11, 2025
Retail sales rose by 0.3 percent in September and increased 3.6 percent by value and 4 percent by volume. Three industry leaders comment on the latest figures: Kris Hamer, Director of Insight at the British Retail Consortium, said: “September saw the strongest retail sales growth since January, and the highest sales volume since March 2022. This...
Oct 18, 2024
As FashionUnited has reported, Gucci’s sales have tumbled in the first quarter of 2024, falling by 20 percent mostly due to a slowdown in Asia, while Kering’s overall revenue is forecast to be down 10 percent compared to Q1 last year. The group’s other brands, Saint Laurent, Bottega Veneta and Alexander McQueen, have also taken a hit, and after...
Apr 11, 2024
Despite growing concerns surrounding climate change and overconsumption, demand and expenditure for fast fashion in the US continue to gain traction. One of the largest markets in the world for both fast fashion and luxury, consumer expenditure on fast fashion grew 2 percent compared to the same period last year, according to new data from...
Dec 19, 2023
The multi-million dollar word on every retailer’s lips right now is inflation. Despite the Inflation Reduction Act passing through the House and the Senate, and signed by President Biden, inflation is still poised as an issue for the state of the economy. CNBC recently reported that 70 percent of Americans are looking for extra work to combat...
Sep 28, 2022
Most European countries and the United States have been in lockdown since mid-March due to the Covid 19 pandemic, and brick and mortar stores have been closed accordingly. Although online retail continues, it is proving difficult due to falling consumer spending, transport issues and disruptions of the supply chain. A forecast by Indian...
Apr 13, 2020
Consumer spending dropped by 1 percent in December 2018, with the run-up to Christmas hitting the sector particularly hard, new data shows. Visa’s UK Consumer Spending Index, compiled by IHS Markit, revealed that overall expenditure continued to decline at the end of last year - with December’s -1.0 percent year-on-year reduction the fastest...
Jan 16, 2019
As the stock market continues to see robust growth and consumer confidence continues to rise, anticipated 2017 holiday spending is projected to increase 5 percent. “Generally good economic news has consumers signaling a 4 percent increase in their holiday spend this year to an average of 936 dollars per household,” said Robert Passikoff, founder...
Nov 1, 2017
American consumers have spent less on apparel in 2013 than they did in 2012. Clothing sales saw a sharp decline, as they responded to falling incomes, a new report by the US Department of Labor shows. The Consumer Expenditure Survey shows overall spending fell by 0.7 percent in 2013, after seeing a 3.5 percent hike in 2012, with spending on...
Sep 11, 2014
