Retail news in the US | Page 2

An overview of news, trends and research in the Retail industry in the US:

US consumers will cut holiday gift spending by 14%, finds L.E.K. study Americans are projected to spend 14% less on holiday gifts in 2020, according to a recent survey from L.E.K. Consulting and Civis Analytics.
16 December 2020
December retail sales to be muted amid shutdowns and earlier holiday purchasing US retail sales are projected to fall by as much as 4% in December, according to consulting firm Berkeley Research Group (BRG).
15 December 2020
As Prime Day kicks off shopping season, mass merchants continue to thrive Traditional and online-only mass merchants are likely to be the big winners this holiday season, according to Deloitte InsightIQ’s consumer data report for October.
17 November 2020
Rightpoint helps Raymour & Flanigan with e-commerce implementation Rightpoint, a digital experience consultancy, has helped US furniture retailer Raymour & Flanigan launch its new e-commerce website.
12 November 2020
Secondhand fashion market now worth over $30 billion globally As luxury goods become ever more elusive, a new Boston Consulting Group (BCG) report has revealed that a thriving secondhand fashion market is waiting in the wings – an opportunity for consumers and
29 October 2020
Holiday spending to drop by 7% as consumers avoid travels and experiences Holiday spending in US households is projected to drop 7% from 2019 to $1,387 in 2020, according to Deloitte’s annual holiday retail survey, which polled 4,000 US consumers in September.
26 October 2020
Macy's names BCG partner Adrian Mitchell as new CFO Macy’s Inc. has appointed Adrian Mitchell, a partner at strategy firm Boston Consulting Group (BCG), as its chief financial officer, effective November 2.
23 October 2020
Holiday shoppers expecting deeper discounts on Black Friday US consumers are expecting higher discounts than usual on Black Friday and Cyber Monday, according to a recent report from strategy and marketing consultancy Simon-Kucher & Partners.
19 October 2020
Deloitte: Holiday spending to increase by modest 1% to 1.5% As the pandemic continues to depress consumer sentiment, holiday spending is expect to increase by a modest 1% to 1.5%, according to Deloitte’s annual holiday retail forecast.
22 September 2020
Consumer optimism remains muted, focused on value and essentials Even as countries have lifted many pandemic restrictions, consumer optimism remains muted and spending intent is still below pre-crisis levels, according to a report from consulting firm McKinsey & C
09 September 2020
A new global consumer is emerging, finds KPMG research The post-Covid-19 consumer is financially cautious, tech savvy and more conscious about consumption patterns, according to KPMG. These trends might well be here to stay across the world.
03 August 2020
Consumers are spending less, going mobile and embracing wellbeing PwC reports that lower spending is a product of the current economic uncertainty, while other trends in consumer behaviour – such as a transition to online – might be here to stay for the long term.
16 July 2020
How retail and consumer goods companies can save costs Facing growing online competition and with margins under pressure, many retail and consumer goods companies are seeking way to cut their costs.
11 June 2020
M&A activity in consumer and retail sector plunges Global merger & acquisition activity in the consumer and retail sector collapsed by over a third last year, according to a new report by Kearney, in what is the largest decrease since the 70% crash i
25 May 2020
Bain partner Paul Cichocki joins BJ's Wholesale Club as EVP Paul Cichocki has joined retailer BJ’s Wholesale Club as executive vice president of membership, analytics, and business transformation.
08 May 2020
IBM: Covid-19 greatly altering consumer preferences and behavior US consumers are shifting their personal behavior and preferences as a result of the severe impacts of the Covid-19 pandemic, according to a recent survey from IBM.
06 May 2020
Pandemic to depress global retail sales by $2.1 trillion in 2020 Global retail sales are expected to drop by $2.1 trillion in 2020, according to a recent forecast from research and consulting firm Forrester.
05 May 2020
Consumers retreating as Covid-19 spreads Health concerns generally exceed financial concerns in the US, with more than half of respondents concerned about health and nearly a quarter worried about finances, according to a recent Consumer Tr
04 May 2020
Kerrigan Advisors launches turnaround and restructuring for auto dealers Kerrigan Advisors, an Irvine, CA-based advisory firm specializing in auto dealership mergers & acquisitions, has launched a new turnaround and restructuring offering to its consulting practice.
30 April 2020
Covid-19 greatly impacting consumer sentiment, behavior Consumer sentiment and behavior is shifting dramatically as the Covid-19 pandemic deepens in the US, according to a recent survey from L.E.K. Consulting and Civis Analytics.
25 March 2020
BRG report examines coronavirus effect on retailers Retail and consumer practice of global consultancy Berkeley Research Group (BRG) has released a report on the effect of the coronavirus (COVID-19) on the retail sector.
05 March 2020
Deloitte: Fresh food presents ripe opportunity for retailers, manufacturers A report from Big Four firm Deloitte shows that there is increasing value in fresh food for retailers and manufacturers.
25 November 2019
W. Capra Consulting launches merchant-focused Rebar Technology Solutions Chicago-based IT consultancy W. Capra Consulting Group has launched Rebar Technology Solutions, which will focus on delivering custom technology projects to recurring and subscription merchants.
05 November 2019
Nearly half of consumers feel they've lost control of their data, finds Deloitte Retailers need to up their privacy consciousness as consumer trust declines in the digital age.
16 October 2019
Cyber a growing threat for mid-sized retail and FMCG businesses Digitalisation is increasingly on the agenda at mid-market organisations.
07 October 2019
McKinsey & Company opens retail store in Mall of America Consulting firm McKinsey & Company has opened a retail store at the Mall of America.
02 October 2019
Deloitte projects holiday retail sales to increase by 4.5-5% Big Four consultancy Deloitte expects holiday retail sales to jump between 4.5-5% in 2019, according to its annual holiday retail forecast.
26 September 2019
Gen Z’s concern for health could benefit brick-and-mortar shops Gen Z is more concerned with both mental and physical health than millennials or Gen X – and it could be a benefit to brick-and-mortar shops, according to a report from global consultancy A.T.
20 September 2019
Retail CEO bonuses increasingly rewarding innovation and planning Nearly 20% of retail companies are rewarding CEOs for planning and evolving strategic priorities, finds a new report from HR consultancy Korn Ferry.
23 August 2019
Retail imports remain high despite trade war Imports at major retail container ports are projected to remain at near-record levels this year despite a new round of tariffs on Chinese goods, according to the monthly Global Port Tracker report co
14 August 2019
Online retail sector slowing, reports FTI Consulting Despite a projected $575 billion in US online retail sales in 2019, the sector may be slowing down, according to FTI Consulting’s “2019 US Online Retail Forecast.” The amount is a 12.
18 July 2019
Deloitte: Back-to-school electronic gadget spending to see 29% increase Deloitte’s “2019 Back-to-School Shopping” report has revealed that back-to-school spending on electronic gadgets will increase by $800 million in 2019 – up 29% from last year.
15 July 2019

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