Data & Analytics

NEW CANAAN, Conn. — Not long after Deloitte released gloomy predictions for consumer spending in 2012, another firm is out with a more sunny forecast. Retail sales will increase by 5.7% in 2012, according to a new report by Customer Growth Partners, a consulting and research firm serving retailers, vendors and institutional investors.

The report, “The Great Consumer Reset/The Great Retail Reset,” finds that falling household and credit-debt levels, along with higher savings rates, are fueling consumer spending. 

New Canaan, Conn. -- Retail sales will increase by 5.7% in 2012, according to a new report by Customer Growth Partners,  a consulting and research firm serving retailers, vendors and institutional investors.

The report, “The Great Consumer Reset/The Great Retail Reset,” finds that falling household and credit-debt levels, along with higher savings rates, are fueling consumer spending. 

In case you missed it, Kate Berg, president of Bentonville-based Collective Bias, shared her views about where social media is headed and what it means for brands in the most recent issue of Connecting Northwest Arkansas. Berg is helping invent the future at the rapidly growing social shopper agency so it’s worth taking a minute to get inside her head. Read more.

New York City -- Walgreens in January has been utilizing a new mobile advertising tool to push out messages targeting consumers who just "checked in" at one of its locations, according to a report published in Ad Age Wednesday.

According to the report, Walgreens sent out 5,000 messages in January via Twitter stating: "Check out Halls' new cough drops in the cold aisle."

AUSTIN, Texas — Michael Besancon, senior global VP purchasing, distribution and communications for Whole Foods Market, will retire from the company after more than 17 years of service.

East Palo Alto, Calif. -- Ikea said Thursday it has plugged in four Blink Level 2 electric vehicle charging stations at its East Palo Alto, Calif., store. The initiative is in partnership with ECOtality and represents the eighth EV project for IKEA in the United States.

To charge an EV at Ikea East Palo Alto, drivers pull into a designated parking spot, swipe their Blink InCard (RFID card), and plug the charger into the EV to charge the vehicle.

Philadelphia -- Urban Outfitters reported Thursday that sales for the fourth quarter, ended Jan. 31, rose 9% to $731 million.

Consistent with Walmart’s drive toward every day low prices, January saw the company run fewer, but larger advertising inserts, according to the latest information from marketing intelligence firm Market Track. To see how Walmart’s advertising activity stacked up to other top retailers, click here.