Gen Z is headed to physical stores for the upcoming holiday shopping season, with 55% saying they’ll do the majority of their holiday shopping at brick and mortar shops, according to a Shopkick survey emailed to Retail Dive. Fifty-four percent of Boomers said they will do most of their shopping in stores.
Archive for the ‘CONSUMER GOODS’ Category
Back-to-school spending expected to reach record highs
Consumer spending is expected to reach nearly $26.2 billion, or $696.70 per household, on K-12 back-to-school items in 2019. The total household spend is up from 2018’s reported $684.70, while spending a year ago was higher — $27.5 billion total — due to more families with children in grades K-12, according to National Retail Federation’s […]
Coca-Cola and Pepsi push into energy drinks as soda consumption falls
As soda consumption declines in the U.S., Coca-Cola and PepsiCo are trying to leverage the name recognition of their legacy brands to make a bigger dent in the growing energy drink category.
Apple teams up with SAP to help clients develop iPhone business apps
Business software maker SAP and Apple are teaming up to help clients develop their own mobile business applications using Apple’s machine-learning technology.
Report: Target, Big Lots and Aldi are just a few companies eyeing Toys ‘R’ Us properties
A handful of Toys “R” Us stores will go on the block this week — and they are generating attention among retailers and real estate firms, alike.
CEO DOUG MCMILLON ON THE FUTURE OF WALMART
The National Retail Federation named Doug McMillon, CEO of Walmart, The Visionary at the NRF Foundation Gala on Sunday, honoring him for his contribution to the retail industry.
What’s in store for 2018
How many retail experts predicted Amazon’s blockbuster acquisition of Whole Foods Market? Based on news reports, one: Scott Galloway, the outspoken and often renegade professor of marketing at New York University’s Stern School of Business. Judging from the shockwaves the announcement created, most never saw it coming.
These Are the Trends to Watch, According to Goldman
From meatless meats to digital twins, the latest “emerging trends” identified by Goldman Sachs Group Inc. include technologies and investing strategies that have been around for a while. “What happens when everything old becomes new again?” the bank asked Wednesday in the second edition of its “Outsiders” series, meant to help investors “separate the hype […]
Target to open its first small-concept store in Dallas-Fort Worth
Target is bringing its first small-format store to the Dallas area next summer. The store will open in Preston Center in Dallas near upscale shoppers in Preston Hollow and the Park Cities.
U.S. economy slowed in fourth quarter despite robust consumer spending
The U.S. economy expanded at a slower pace in the fourth quarter, as previously reported, and appeared to remain on a moderate growth path as President Donald Trump took office with a promise to reinvigorate manufacturing and protect jobs.