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Budgets/Spending/Market Size

  • A.R.E.: Good times ahead, especially for retail construction

    New York -- The Association for Retail Environments is bullish on the future.

    The organization is predicting good days ahead for the U.S. economy in general and retail construction in particular. According to A.R.E.’s economic advisors, all indicators show that the 2016 economy in the U.S. will grow faster than it did in 2015. And while economic growth will slow in the back half of 2015, it will not be negative.

  • Who’s spending money … and where are they spending it?

    New York -- The big spenders are at Costco.

    People spent 149% more at Costco than at other retailers, according to mobile-location firm Placed, which linked store spending to tracked locations. Best Buy BJs, Sam's Club and Ikea also ranked high, Advertising Age reported.

  • ICSC urges Aug. 15-16 sales tax holiday in Massachusetts

    Boston – Massachusetts will have a tax holiday the weekend of Aug. 15-16, if the International Council of Shopping Centers (ICSC) has anything to say about it. The ICSC has sent a letter to Massachusetts Gov. Charlie Baker asking him to sign the sales tax holiday legislation currently on his desk.

  • Five marketing myths about millennials

    New York -- A recent study shatters several myths about the largest generation of young people since the baby boomers: millennials.

    “At 79 million strong, the millennial generation has a tremendous amount of spending power that is growing rapidly,” said Robert Tomei, IRI’s president of consumer and shopper marketing.

    Tomei said he sees a lot of potential for marketing growth.

  • Survey: Nike swooshes past back-to-school competitors

    Beloit, Wis. – Athletic brand Nike, which first rose to dominance with the ascent of longtime spokesperson Michael Jordan as an NBA superstar in the early 1990s, is maintaining its leading position with consumers.

    According to a new survey of 1,000 U.S. adults by online deal site FatWallet, a leading 41% of kids are asking for Nike products this back-to-school season.

  • Report: Another digital giant overtakes Wal-Mart

    Seattle – Last month Facebook overtook Wal-Mart in valuation, and now another digital giant has reportedly achieved the same feat. According to the Associated Press, after intense after-hours trading, which followed Amazon’s rare report of a second quarter fiscal 2015 profit, Amazon now has market capitalization of about $264 billion.

  • Survey: Gender roles shift in grocery segment

    Rockville, Md. - Shifting household dynamics are changing the way Americans shop for groceries, with moms no longer always assuming this role exclusively. According to market research publisher Packaged Facts, the percentage of men who are now the primary shoppers in their households has more than doubled in the past two decades.

  • Study: Back-to-school shoppers do online homework

    San Jose, Calif. – Back-to-school shoppers are doing their homework online before making purchases. According to research from store analytics provider RetailNext, 73% of consumers research online and then buy back-to-school items in the store.

    In addition, 32% of college shoppers plan to comparison shop online to make sure they get the best pricing, up from 28% in 2014. More than 31% of K-12 school shoppers will compare prices online, compared with 30% last year.

    Other notable findings include:

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