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Winter Holidays

  • Received a favorite Mother’s Day gift? Thank a chatbot

    This year, consumer spending for Mother's Day was on pace to reach a record high.   According to the National Retail Federation's annual study, shoppers were set to spend $23.6 billion, spending an average of $186 per mom. And everything from flowers, gift cards and clothing to jewelry, personal services and consumer electronics were on shopping lists.   But did all that shopping land the perfect gift?  

  • Report: Online growth continues at blistering pace

    Online retailing is on an upward trajectory that shows no sign of slowing.   In fact, the segment is expected to grow at a compounded annual growth rate (CAGR) of close to 16% between 2017-2021, according to a research forecast from Technavio.  

  • Tractor Supply is weather-challenged in Q1

    Tractor Supply Company reported declines in first quarter comp-store sales and net income as mild weather reduced sales of winter products.    "Due to the challenging weather conditions, we were unable to offset the strong seasonal performance from last year's first quarter," said CEO Greg Sandfort. "As the weather has normalized over the past few weeks, we are encouraged with how the customer has responded and believe there is significant spring business ahead of us."  

  • NRF: Mother’s Day spending to reach record-high

    Whether treating mom to jewelry or a special outing at her favorite restaurant, consumers plan to spend more than ever on Mother’s Day.   Specifically, Mother’s Day shoppers are expected to spend an average of $186.39 for the holiday, up from last year’s $172.22, according to the National Retail Federation’s annual survey, which tapped 7,406 consumers about their Mother’s Day plans. The study was conducted by Prosper Insights & Analytics.  

  • Toy retailer reports ‘disappointing’ year

    Toys “R” Us reported declines in same-store sales for its fourth quarter and full year amid a highly competitive environment.   

  • Report says vendors starting to pull back from Sears

    In the wake of mounting losses and increasing doubts about its viability, Sears Holding Corp. is facing pull back from some of its vendors.   That is according to a report by Reuters, which said that suppliers to Sears are becoming more defensive to protect themselves from the risk of nonpayment by doing such things as reducing shipments and asking for better payment terms.  

  • NRF: A late Easter could spur record spending

    With Easter being almost a month later than last year, Americans are on track to spend more than ever, according to the National Retail Federation.  

  • Consumers cautious in February

    The delay of tax refunds helped keep consumer spending in check on February.   Retail sales in February inched up 0.2% seasonally adjusted over January, according to the National Retail Federation. (The NRF numbers exclude automobiles, gasoline stations and restaurants.)   The industry’s performance in February was mixed. Electronics and appliance stores took the biggest hit, with sales falling 2.8% over the previous month.   
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