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Budgets/Spending/Market Size

  • Google: Millennials most likely to do online, mobile holiday shopping

    Mountain View, Calif. – Millennial consumers age 18-34 are most likely to use online and mobile technology in their holiday shopping this year. According to a new survey from the Google 2013 Holiday Intentions Shopping Study, 95% of Millennials but only 87% of consumers age 35 and older plan to use the Internet as a tool for holiday shopping.

  • FTC approves Office Max-Office Depot deal

    Naperville, Ill. -- The U.S. Federal Trade Commission has approved the merger of Office Max Inc. and Office Depot, the retailers said in a joint statement on Friday. The companies anticipate completing the transaction after market close on November 5, 2013.  

  • Publix Q3 profit edges down

    Lakeland, Fla. -- Publix reported net earnings for the third quarter fell 2.3% to $359.9 million, compared to $368.4 million in the year ago period.

    Sales for the third quarter were $7 billion, up 5.6% from last year’s $6.7 billion. Same-store sales rose 4.1%.

  • CPG Holiday Forecast: Humbug sales, with only 2.9% growth

    New Canaan, Conn. -- Continuing a two-year slide in retail spending momentum, American shoppers will generate only a lackluster 2.9% rise in holiday sales, according to Customer Growth Partners’ 13th Annual Holiday Forecast. The CPG report paints a scenario that is decidedly less cheery than some of the other holiday forecasts that have been released to date.

  • Customer Growth Partners Forecasts Humbug Holiday Sales, With Anemic 2.9% Retail Growth

    By Craig Johnson, president, Customer Growth Partners

  • Rite Aid sees comps increase in October

    Rite Aid's same-store sales increased by 2.1% this month compared with October 2012. The pharmacy chain also issued an estimate of the negative effects of Hurricane Sandy on its sales.

    The increase included a 0.6% decrease in front-end same-store sales and an increase in pharmacy same-store sales of 3.4%, which were lowered by 0.85% due to introductions of new generic drugs. Same-store script count increased by 1.1%. Total sales for the month were $1.961 billion, a 2.2% increase over October 2012. The chain currently operates 4,599 stores.

  • Good customer service equals customer loyalty and glad tidings for retailers

    PriceGrabber, a leading distributed e-commerce platform and shopping site, conducted its Winter Holiday Shopping Survey and found that 69% of consumers plan to shop at the same retailers at which they shopped last year.

  • Capitol Hill’s Ripple Effect on Retailers

    By James McCandless and Kenneth Katz,  X Team International

    The recent government shutdown has analysts scrambling to determine how much damage was done to the national economy. From a retail perspective, understanding the scale and scope of the shutdown requires a more thorough understanding of the issues at play; including a closer look at how retailers responded and a breakdown of how the lingering effects of the partial government closure may impact the holiday sales season.

    The ripple effect on retail

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