Consumers aren’t ready to dive in to discretionary spending at this point, although a state of equilibrium seems to be merging across the consumer packaged goods and general merchandise sectors, according to market researcher and advisor Circana. Total retail sales in...
In the report entitled Retailers’ Blind Spot for Holiday 2024, market researcher First Insight stated that uncertainty is pronounced as companies plan for the holidays. The First Insight survey asked retail executives about their merchandising decisions and external...
In a Circana study, June retail sales revenues in the United States, combining discretionary general merchandise and consumer packaged goods, increased by 1% versus the 2022 month as unit sales declined by 3%. The results included declines of 4% in dollar sales and 9%...
The Lowe’s Cos. beat a Wall Street earnings estimate even as revenue came in lower than anticipated. The company posted net earnings of $2.99 billion, or $4.67 per diluted share, versus $3.02 billion, or $4.25 per diluted share, in the 2021 quarter. Lowe’s...
Numerator research conducted early in July indicates consumer demand, softening somewhat under the influence of inflation, is driving more business to warehouse clubs and dollar stores. In-store spending at clubs and dollar stores is up 15% and 14%, respectively....
