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Consumer Electronics

  • Report: Retail will look dramatically different by 2030

    Converging channels, customization and constant connectivity are expected to change the shopping sector in the years ahead.   That is the main theme of a new study by Synchrony Financial, which examines consumer perspectives and shopping trends that are expected to change the retail industry by 2030.   “The future of retail will look dramatically different in 2030 than it does today,” said Whit Goodrich, CMO retail card, Synchrony Financial.  

  • Retailers: Detroit wants you! (And you should want Detroit.)

    Detroit is one of the most encouraging and intriguing stories to develop in the wake of the Great Recession. With investment, development, and redevelopment booming downtown, office and multi-family momentum has spurred a retail revival. The Motor City is revving its retail engine and is well on the way to arriving as a true retail destination for the first time in decades.   

  • Study: Consumers in rebellion against full prices

    Shoppers are no longer willing to pay full price as deep discounts influence consumer behavior.   That is one of the key findings of a new consumer report by First Insight, which found that widespread discounting by department stores and mass merchants is significantly influencing the expectations of discounts when consumers shop in other product categories.   

  • Apple opening three new stores in March

    Apple will be busy on March 25.    The company will open three new stores on that day,  including a flagship at Brickell City Center, a new mixed-use development  in downtown Miami.  It will be Apple’s fifth location in the Miami area.    The new Miami store will have  13-foot floor-to-ceiling windows, and a forum space with an oversized video display, according to TechCrunch.  

  • Survey: Mobile wallet adoption has flatlined

    Mobile wallet usage in the United States remains small, and shows no signs of increasing anytime soon.   This was according to “PYMNTS/InfoScout Mobile Payment Adoption,” a new report from PYMNTS.com. The survey, which was conducted in March 2017 among more than 7,655 consumers, said less than one in 20 consumers who have one of the main mobile wallets (Apple Pay, Sam-sung Pay, and Android Pay) use it regularly.   

  • Commentary: Downtick in February largely a temporary blip

    After solid start to the year, retail is now back in softer growth territory. While the 2.1% rate of overall expansion is not disastrous, it is much lower than the past few quarters and is largely the result of higher gas prices which buoyed sales at gas stations by 15.8%. The pure retail number is more concerning, with the 0.8% increase being the slowest growth recorded since February 2013.  

  • 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.   

  • Houston Mall shutters all but outside stores

    The 800,000-sq.-ft. Northwest Mall in Houston, a fixture in the northwest section of town since 1968, will close all interior stores on March 31. Tenants include Champs Sports, Factory Show Warehouse, Royal Tea Café, and the Flame & Sizzle Grill.   Only stores with outdoor entrances will remain in business. These include Thompson Antique Center, Palais Royal, and The College of Healthcare Professionals.  
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