25% of US consumers will avoid traveling to cut back and save during the holiday season, according to an August 2024 survey by Censuswide and Invoice Home.
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| Sep 16, 2024
Temu and Shein’s strategy: The two Chinese retailers are fiercely competing while also trying to drive a lucrative holiday shopping season ahead of political changes that could significantly alter their US businesses. The incoming Trump administration has proposed increasing tariffs on Chinese imports by 10%.
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| Nov 27, 2024
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| Oct 15, 2024
Source: National Retail Federation (NRF)
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| Oct 15, 2024
Source: Deloitte
Ecommerce spending in particular is expected to be robust this holiday season: UK shoppers are forecast to spend a record £29.5 billion ($36.7 billion) online in November and December, up 6.1% YoY, per Adobe. That’s the strongest growth since 2020.
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| Dec 2, 2024
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| Oct 16, 2024
Source: YouGov
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| Oct 16, 2024
Source: YouGov
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| Oct 16, 2024
Source: YouGov
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| Oct 16, 2024
Source: YouGov
In November, retailers made strategic moves across grocery, apparel, and beauty. Amazon turned Black Friday into a weeklong event and launched its Shein competitor, Haul. Meanwhile, e.l.f. Beauty strengthened its value proposition through a new Dollar General partnership, while Kroger announced plans for specialized Asian experience stores in North Texas.
Here are our eight unofficial picks for the most interesting retailers in November.
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| Dec 4, 2024
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| Sep 6, 2024
A truncated holiday spending period with fewer days between Thanksgiving and Christmas and the election will throw a curveball to retail sales this season, our analyst Sky Canaves said on an episode of the “Behind the Numbers: Reimagining Retail” podcast. In-store retail will see healthy growth, consumers will continue holding back on splurges, and mobile will uplift overall ecommerce. Here are three trends we’re predicting for the upcoming holiday season.
Article
| Sep 6, 2024
On today's podcast episode, we discuss the main factors that will impact this year's holiday sales, why shopping in-stores will be more of a priority, and how last year's mobile commerce tipping point trend will continue. Listen to the conversation with our analyst Sara Lebow as she hosts analysts Sky Canaves and Zak Stambor.
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| Sep 4, 2024
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| Sep 4, 2024
Netflix's failed boxing stream raises serious concerns about its tech capabilities: The platform has six weeks to fix major issues before streaming NFL Christmas games.
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| Nov 18, 2024
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| Oct 7, 2024
Source: ESW
Our take: There’s no time for retailers to waste this holiday season given that there are only 27 days between Thanksgiving and Christmas. Merchants need to get shoppers to spend as early as possible to avoid excess inventory eating into their margins. Go further: Read our US Holiday Shopping 2024 report.
Article
| Nov 18, 2024
Alibaba and JD.com tout Singles Day successes, but the data is murky: While transactions rose 27% YoY, the sale was 10 days longer than last year, making it an uncertain gauge of consumer sentiment.
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| Nov 12, 2024
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| Oct 3, 2024
Source: Circana
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| Oct 3, 2024
Source: Circana
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| Aug 28, 2024
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| Oct 1, 2024
Source: PwC
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| Oct 1, 2024
Source: PwC
The 2024 holiday season is forecasted to top $1.353 trillion, according to ĢAV. To thrive in this high-stakes period, businesses must embrace opportunities like AI-driven personalization, seamless payment options, and the longer gift-buying season.
Article
| Aug 22, 2024
This year, US holiday sales will reach a record $1.353 trillion, per our July 2024 forecast. That holiday season is starting earlier and earlier, which means marketers need to be prepared now for shopping to pick up in September and October. The election and consumer concerns about the economy will complicate where advertisers reach consumers and what messaging they use. Here are five stats marketers should see as they prep their holiday campaigns.
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| Aug 23, 2024