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Consumers came out to spend this holiday season and clearly underscored the solid growth in the U.S. The spending pace was back to pre-pandemic growth and indicates a good start for the year ahead. The 2024 figures were driven in part by lower inflation compared with 2023, particularly for goods. General merchandise: up 2.4%
Between the tariff tug-of-war, flailing markets, insanely high egg prices and general twitchiness (as one strategist put it), consumers have gotten a bit hard to nail down lately. Here’s what some of the leading minds in retail say consumers need now. One thing is clear its not AI.
However, the overall data masks some key data points that may be of concern to retailers, including data showing declines in discretionary categories such as furniture (-1.0%) and sportinggoods (-1.6%). And with less inflation, consumers will regain some spending power. But there are possible headwinds on the horizon.
The spring and early summer was an optimistic time for many consumers who finally emerged from lockdowns looking to refresh their wardrobes and find items suited for smaller local outings during the warmer months. Retail rode strong into Q2 2021 as shoppers returned to stores even as digital sales remained elevated.
Consumers are increasingly voting with their feet when it comes to the issues that affect our world and our nation. Citizen Shoppers’ entreat companies to not just sit back and sell goods and services, but to also work toward improving the environment around us. The sustainable footwear market was $7.5 Don’t Stop at Shoes.
Some companies are still doing well despite a relative lack of e-Commerce infrastructure, but even they are expected to level up as consumer behaviors continue to evolve. Retailers riding current consumer trends can make the most of the moment by investing in omnichannel services. and a same-store sales increase of 18.8%.
Nike is pushing forward with its digitally focused direct-to-consumer strategy following a strong Q3, with plans to build “the marketplace of the future” and bring standalone Jordan stores to North America. Revenues were up 5% YoY in the company’s fiscal Q3, which ended Feb. Wholesale Will Still Play a ‘Very Important Role’.
Ebay ’s spending spree is continuing with the acquisition of Certilogo , a provider of digital IDs and authentication tools for apparel and fashion goods. That’s one of the reasons we recently acquired 3PM Shield, a company that’s focused on identifying counterfeits and helping the marketplace be a safer place to shop. ”
“The retailers that really invested in buy online, pick up in-store (BOPIS), shops-within-shops in larger footprint locations or even experiential retail — those retailers really started to thrive during this time,” said Joe Scaretta, Co-CEO and Founder of CS Hudson in an interview with Retail TouchPoints. said Scaretta. “
percent as a surge of COVID-19 cases connected primarily to the Delta variant made Americans more cautious about shopping in stores. Consumers cut back their spending at retailers selling clothing, furniture and sportinggoods, according to Commerce Department data. Retail sales in July fell 1.1
The country has a well-established retail ecosystem with high-traffic shopping malls, premium retail spaces and a digitally engaged consumer base. Despite its rapid expansion, GMG remains focused on a localised approach, tailoring its retail strategies to consumer behaviours in Malaysia, Singapore and Indonesia.
As product scarcity issues continue to dominate this holiday shopping season, consumers are increasingly turning to resale to get the goods — and platform operators are taking notice. eBay has expanded its refurbished goods offering, where shoppers can find discounted inventory from brands including Apple, Samsung and Dyson.
Dick’s SportingGoods is launching a new outdoors concept called Public Lands with two stores: one in Columbus, OH, and the other in Pittsburgh. Shops within the store will feature products for dedicated activities such as biking, camping and hiking.
billion this holiday shopping season (covering the period from Nov. Shopping on mobile devices also is expected to hit a new milestone, growing 12.8% billion , which would represent a 53.2% share of online spend this season versus desktop shopping. Adobe expects U.S. online sales to hit a record $240.8 31), representing 8.4%
On Amazon alone, the bag has garnered more than 5,000 five-star reviews and was named the best beach bag and tote by Travel + Leisure and Good Morning America. Now, Bogg Founder and CEO Kim Vaccarella is bringing the bag to even more consumers thanks to a new partnership with Target. Vaccarella: It’s all about our partners.
Dick’s SportingGoods , one of the largest sportinggoods retailers, recently unveiled its House of Sports store with a running track, rock wall, batting cages and outdoor turf field. Omnichannel solutions that leverage intelligent displays, QR codes and consumer profiles can provide extreme personalization.
Resale Continued its Rise but Came Under Financial Scrutiny Consumers’ enthusiasm for secondhand goods, as well as other forms of more sustainable consumption like rental and repair services, showed no sign of slowing in 2023. Among the biggest challengers were Chinese-based discount shopping apps Shein and Temu.
A key reason for the challenge is that consumers’ frequent starting points for online shopping are Amazon and Google. Most retailers aren’t going to be able to beat Amazon in terms of price and convenience, so they should instead focus on finding reasons for consumers to shop with them that Amazon can’t match.
And 64% of all consumers have purchased a virtual good or taken part in a virtual experience or service in the past year.”. Prediction 3: Experiential Moments will Create Delight Despite In-Store Shopping Stressors. Café and restaurant experiences help meet basic human needs while elevating a visit to the shops into a day out.
Predicting where the next phase of consumer buying behavior is headed has proven notoriously tricky. A sportinggoods store, for example, could reconfigure its floor space so that most of its inventory resides in the back and the display space becomes an activity area with a rock climbing wall, golf simulator and cycling studio.
There was a time, not too long ago, when it took a lot of convincing to get consumers to consider secondhand. Now, both consumers and the retailers that serve them are quite willingly jumping on the resale bandwagon, driving an already hot sector toward even further growth. Retailers and Brands Take the Baton.
Back-to-school shopping peaks in August. Back-to-school shopping trends will take shape as states decide when and how to reopen schools. The good news is that many digital retail marketers are successfully operating with agility. Learn From: SportingGoods. Prime Day and its halo effect mark July.
J UST AS AMERICANS, bored and anxious during pandemic lockdown, collectively revisited their love affair with outdoor activities and sports, Dick’s SportingGoods (Coraopolis, Pa.) introduced its new House of Sport concept, focused on multi-sport experiences, better shopper engagement and elevated customer service.
However, there are some telling statistics and areas of opportunity — especially around consumer behavior — businesses can take advantage of to re-establish the balance of in-person and online sales. consumers have changed stores, brands or the way they shop. For example, McKinsey found that 73% of U.S.
In general, consumer spending on goods has proven weaker as more Americans are spending available funds on services, travel and activities that were limited during the pandemic ,” said Lisa Plonka, Partner and leader of Plante Moran ’s ConsumerGoods Practice. SportingGoods : 10% vs. 6%.
And as COVID-19 volatility continues to put retailers and consumers in a frustrating holding pattern, more retail brands are turning to appointments to minimize store traffic and keep social distancing guidelines in place. consumer health concerns still loom, according to survey data from Shopkick.
SportingGoods & Fitness: As consumers strive to prioritize personal health and wellness, retailers such as DICK’S SportingGoods are seeing growth opportunities. stores across its portfolio, including DICK’S SportingGoods outlets, Golf Galaxy and DICK’S SportingGoods Warehouse Sale outlets.
What these retailers are all excited about is getting in front of an incremental consumer. DoorDash has over 37 million monthly active consumers and something like 17 million of them are DashPass subscribers. Over 20% of our consumers are now shopping across multiple categories, and that number continues to increase year over year.
The delivery platform unveiled a series of major updates and service additions at its first-ever product showcase on June 27, 2023, including search and shopping features to help consumers find and buy whatever they are looking for (well beyond just meals), and a new integrated rewards program for merchants.
Sadly, in addition to imagining how people will shop the store, designers need to think harder about how they might steal from it, too. The good news: Skills developed on the consumer side can be flipped around and used to fight retail crime. Here are three possible areas of focus. Identify your ‘core shoplifters.’
But while blending of in-store and online provides consumers with significantly more flexible shopping, it also creates operational challenges. Consumers’ new shopping habits picked up during the pandemic show no sign of waning. Online : Consumers also love the convenience online shopping provides.
In consumergoods, the pet category can often be impervious to macroeconomic events that cause consumers to tighten their wallets. The study added that a 25% rise in the price of pet food and an 11% rise in the cost of vet care is causing concern among consumers. Test the impacts of price drops.
After years of lockdowns and digital-driven behaviors, consumers’ actions have shown how crucial the store experience is to how they shop and interact with brands. That’s only going to further accelerate the expectations of consumers and technology adoption within retail environments.
Consumershopping habits have shifted irreversibly towards ecommerce in the past two years. They pursued high-demand products with unforeseen urgency — first in critical categories like personal protective equipment, groceries and sportinggoods, and followed more recently by apparel and beauty products.
Brick-and-mortar stores are beginning to reopen in some geographies, but e-Commerce is still riding high: online retail transactions grew 81% year-over-year in May, led by sportswear and sportinggoods ( 216% ), housewares and DIY supplies ( 190% ) and gaming ( 84% ), according to ACI Worldwide. drop in overall retail sales.
While COVID-19 has accelerated the adoption of many new shopping behaviors and expectations, there is another trend that the pandemic has pushed forward: interest in the outdoors. This has created significant opportunity for outdoor and sportinggoods brands alike. . “I You can build community around that.
To find out how much, Wiser Solutions surveyed more than 2,200 consumers in the U.S. Overall, the average consumer has changed their behavior due to the virus and stopped going out in public as much as they had before its spread. Has COVID-19 Affected Their Shopping Habits? Were they more likely to shop online?
Buoyed by a return to growth in Q4 2020, Adidas has unveiled a new growth strategy that will transform the company into a direct-to-consumer-led business with an emphasis on sustainability. That growth will be driven by a focus on increasing consumer touch points in markets it refers to as “Key Cities.” billion ) over that same period.
Olmstead has more than 20 years of expertise in the sportinggoods industry and spent a large part of her career at Adidas, where she most recently held the position of VP of Brand Activation.
Wilson SportingGoods Co recently unveiled its first retail store in California, located within the well-known Third Street Promenade shopping district in Santa Monica. The store will feature an in-store area for consumers to trial products, including a basketball hoop, hitting wall and on-site racquet stringing.
increase in unaided brand awareness, a 22% reduction in customer acquisition cost (CAC), a 365% increase in email subscriptions, as well as an improvement in both Amazon ( +195% ) and Google ( +167% ) shopping search. For example, the brand saw a 2.5X Snoop was and is the right partner to help us do that.” We’re being very overt.
Over the past three years, most of us have done a lot more shopping online, so it’s easy to forget that while ecommerce is still growing, most retail commerce still happens in stores. That means brick-and-mortar is still going strong, and not just because consumers are eager to get out of the house again.
Consulting firm BCG estimates that in 2021 , 68% of Amazon’s overall profits came from advertising with related operating margins of 75%. The brick-and-mortar stalwarts of Target, Kroger and DICK’S SportingGoods have all piled into retail media, as have digital-only players such as Instacart, Wayfair and Gopuff.
But with socially distancing consumers continuing to spend more time online, and e-Commerce increasing in many sectors due to restricted brick-and-mortar shopping, the opportunities are out there. They can capitalize on opportunities by creating, updating and optimizing content that reflects the changes they’re seeing.
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