holiday spending news and archive

Majority of US luxury shoppers to maintain spending levels this holiday season

Amidst economic instability and rising inflation, luxury consumers are set to maintain or increase their spending this holiday season, according to a new report from Saks. 75 percent of luxury shoppers plan to spend the same amount or more this holiday season compared to last year, reflecting a steady trend, as outlined in the Sakes Luxury Pulse...

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Retail|REPORT

Retailers seek to recover from holiday returns epidemic

The season of festive cheer is over for retailers as they face the annual avalanche of returns. Online retailers are hit hardest, particularly clothing sites, as purchases online are three times more likely to be sent back including fifty percent of all clothing purchases. The process of returns has never been easier but the scale of unwanted...

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Retail

Will Trump's Presidency affect holiday spending in the U.S.?

As Donald J. Trump has been named the president elect for the U.S., it’s a mystery what will become of the nation as well as its economy and businesses. For the fashion industry, it is clear that the presidency will have an impact on retail, although not anytime soon. For the rest of the year, it seems that Trump’s presidency won’t cause too...