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Consumer Attitudes & Behavior

  • Nielsen: Holiday spending to increase 1.9%

    New York –- Holiday spending among U.S. consumers is expected to rise 1.9% in 2014 compared to the prior year. According to the 2014 Nielsen Holiday Retail Sales Forecast, which surveyed more than 25,000 demographically representative American households in September, 25% of respondents had already started holiday shopping in September.
  • Study: Online grocery sales to near $100 billion by 2019

    Rockville, Md. -- Online grocery shopping sales will grow roughly fourfold from about $23 billion in 2014 (accounting for 3.5% of total online and offline grocery spending) to approach $100 billion by 2019 (capturing 12% of total grocery spending). Market research publisher Packaged Facts forecasts that online grocery service providers will develop models that solve logistics problems while being profitable for the operators.   
  • GNC beats Street with Q3 profit

    Pittsburgh –- GNC Holdings Inc. reported a decrease in profit for the third quarter of fiscal 2014 but still beat Wall Street expectations. Net income totaled $64.3 million, down 13% from $73 million the same quarter a year earlier.  
  • Lower gas prices won’t ensure happy holiday

    Retailers are in for a “humbug holiday” with a 3.4% overall increase in sales and a deceleration in e-commerce growth, according to a new forecast from retail industry consulting and research firm Customer Growth Partners.

  • Study: Nordstrom--online and in-store--top luxury retailer

    New York -- Nordstrom came out on top in a ranking of luxury retailers by the Luxury Institute.    According to the group's 2014 Luxury Multichannel Engagement Index, Nordstrom had the highest incidence of customers spending online (26%) and in-store (45%). It also led in its share of total fashion spend (17%).   
  • Study: Zappos is "simplest" U.S. brand

    New York –- Online footwear retailer Zappos is ranked the simplest brand in the U.S. And that’s a good thing. According to the new Brand Simplicity Index ranking of U.S. brands from brand advisory firm Siegel & Gale, the top 10 list is dominated by retailers. The list includes Amazon.com at number two, Subway (#3), Pizza Hut (#4), Netflix (#5), Trader Joe’s (#6), Kroger (#7), McDonald’s (#8), Chipotle (#9) and Dunkin’ Donuts (#10).
  • Survey: 6 in 10 shoppers ‘showroom’ in store

    Ann Arbor, Mich. -- Fifty-seven percent of consumers use their smartphones to assist shopping activities in store. According to new data from CFI Group's report "Holiday Shopping 2014: Shutting Down the Showroom Effect," which surveyed 1,000 U.S. consumers and is sponsored by EBay Enterprise, 60% of survey respondents compare retailer's prices to their online competitors, while 63% use their phones to check prices at other local stores.  
  • Big 5 tops Street in Q3 profit, revenue; will open 10 stores

    El Segundo, Calif. –- Although Big 5 Sporting Goods Corp. saw its net income decline 17% to $7.5 million in the third quarter of fiscal 2014 from $9.1 million in the same period a year earlier, the retailer still beat Wall Street profit expectations. Big 5 also surpassed Wall Street forecasts with net sales of $265.1 million, up 2% from $259.1 million.   
  • Study: Kate Spade provides best online customer service in September

    New York -- Kate Spade provided the best overall customer service in Sept. 2014. This marks the retailer’s first time topping Stella Benchmarks from customer service research firm Stella Service in 2014. The retailer ranked in every area measured across fulfillment and customer care.   
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