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Budgets/Spending/Market Size

  • Survey: More than half of U.S. consumers will shop online for holidays

    Washington, D.C. –- More than half of U.S. consumers plan to make at least some of their holiday purchases online this year.

  • Retail Properties of America receives investment grade rating from S&P

    Oak Brook, Ill. -- Retail Properties of America, Inc. announced that it was assigned a BBB-corporate credit rating from Standard and Poor’s Ratings Services with a stable outlook.    S&P indicated in its announcement that the rating reflects RPAI’s measured investment and operating strategy, and strengthening portfolio fundamentals.   

  • American Express: Holiday shopping on smartphones and tablets up 53% in two years

    New York -- Using smartphones and tablets to shop for the holidays has grown by 53% since 2012, and is expected to play a big role in decision making and actual purchases this year, according to the American Express Spending & Saver Tracker. The report finds the average American consumer is back to holiday spending at 2012 levels, and will plan to shell out $842 this year (vs. $1,260 in 2013 and $848 in 2012).   Consumers saying they will use their gadgets to:

  • Fashion in footwear is hard to find

    Fashion footwear brand Steve Madden cited a curious lack of significant fashion trends when it lowered its full year financial outlook after reporting a third quarter sales decline.

    The company, which is known to be a trend-setting in the footwear world, said sales for the period ended Sept. 30 declined 0.7% to $392 million and indicated full year sales were likely to increase 1% to 2%.

  • Survey: Data breaches scare away customers

    Austin, Texas -- Almost half of Americans are likely to avoid shopping at stores that were affected by data breaches in the past year. According to a new CreditCards.com report, 45% of major credit and debit card holders say they would “definitely” or “probably not” shop at a retailer where consumers’ personal information (including credit and debit card data) was exposed.   

  • IRI report: Trip frequency flat to negative in grocery and drug channels; basket size declines

    Chicago -- More than 80% of shoppers visit three or more channels to carry out CPG shopping, according to IRI’s new Times & Trend report, “Channel Migration: The Road to Growth Has Many Lanes”.   

  • September retail sales show weakness

    Washington, D.C. -- September retail sales, excluding automobiles, gasoline stations and restaurants, decreased 0.1% seasonally adjusted month-to-month yet increased 4.6% unadjusted year-over-year. According to the National Retail Federation (NRF), seasonal factors played a role, but the drop-off from August was worse than expected.  

  • NRF: Per-person holiday spending to rise 5%, with 44% of shopping done online

    Washington, D.C. -- The average person celebrating Christmas, Kwanza and/or Hanukkah will spend $804.42, up nearly 5% from 2013’s actual $767.27, according to the National Retail Federation’s 13th annual Holiday Consumer Spending Survey, conducted by Prosper Insights & Analytics. In other results, the average shopper plans to do 44% of their holiday shopping online, the most in the survey’s history.  
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