1. Holiday & Events

Holiday period retail sales rise 7.6 percent, predictably less than last year

Written by Posted on Less than 0 min read

Beating Mastercard’s prediction of a 7.1 percent increase, retail sales between Nov. 1 and Dec. 24 rose 7.6 percent, according the company’s report released on Monday. The number is shy of last year’s 8.5 percent jump for the equivalent period, but that’s understandable given the more significant rebound seen in 2021 following COVID lockdowns. Mastercard’s report showed weakness in electronics and jewelry for the period, falling 5.3 and 5.4 percent respectively, but sharp increases in online sales (+10.1 percent) and, accounting for 21.6 percent of total holiday retail sales, a slight increase from last year.

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Uncategorized

Alaska Airlines Resumes Flights After Ground Stop

As a precautionary measure to resolve an issue that arose during a system upgrade, Alaska Airlines requested a ground stop, which lasted about an hour. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 […]
< 1 min read
0
  1. Stores & Formats

Morphe closing all 20 of its U.S. stores

Morphe, which was able to use recommendations from social media influencers to achieve a $2 billion valuation, is closing all its stores in the U.S. The company’s sales have fallen dramatically after the very same influencers who helped it achieve success were caught up in various scandals. View Original Article Marketing: Social Media Brick and […]
< 1 min read
0
  1. Media & Marketing

Fanatics to start live-streaming service for sports collectibles

Fanatics is launching a live-streaming service to enable collectors to purchase sports memorabilia. The company has hired former Snap executive Nick Lead to lead Fanatics Live. View Original Article Executives Marketing: Digital Media Streaming RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as […]
< 1 min read
0
  1. Stores & Formats

Shrink increases with more shoppers and thieves in stores

Retailers have reported a rise in shrinkage at the same time that more people are going to stores to shop. “We definitely had an uptick since last year,” Macy’s CEO Jeff Gennette said on the retailer’s earnings call. “It’s an industrywide trend.” View Original Article Executives Brick and Mortar Shoppers Results & Investment RetailWire Member […]
< 1 min read
0
  1. Trends & External Forces

Most corporate economists do not expect a U.S. recession in the next year

Fifty-four percent of corporate and trade group economists put the odds of a recession hitting the U.S. over the next 12 months at 50 percent off less, according to a survey by the National Association of Business Economics. The NABE poll found that 44 percent thought there was a better-than-even chance of a recession. View […]
< 1 min read
0
  1. Department & Category

9 US States To Adopt Electric Heat Pumps by 2040

In the face of global warming, nine American states are joining hands to champion the use of electric heat pumps. With an ambitious goal of converting 90% of residential heating, air conditioning, and water heating sales to heat pump technology by 2040, these states aim to drastically reduce carbon emissions. View Original Article Dept. Fuel […]
< 1 min read
0
  1. CPG & FMCG

Dove Reveals New Body Wash Line

Dove, the renowned skincare brand, is stepping up its game in the body care department with its latest offering — the Serum Body Wash collection. View Original Article Unilever RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over […]
< 1 min read
0
  1. Channel: Marketplace

Shopify laying off 20 percent of staff, selling logistics division

Shopify said it is cutting 20 percent of its workforce and selling its Flexport logistics business. The layoffs are the online platform provider’s second major round of job cuts this year. View Original Article Associates Operations & Supply Chain Shopify RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online […]
< 1 min read
0
  1. Corporate Strategy

Kohl’s moves closer to naming permanent CEO

Kohl’s is reportedly in “late-stage talks” to give interim CEO Tom Kingsbury the job on a permanent basis. Mr. Kingsbury, who joined Kohl’s board in 2021, has over 40 years experience in retail, most recently serving as chairman, president and CEO of Burlington Stores. View Original Article Brick and Mortar Executives RetailWire Member since October […]
< 1 min read
0
  1. Uncategorized

Over 100K Mouthwash Bottles Recalled Across the US Due to Poisoning Risk

Nutraceutical recently announced that Heritage Store Hydrogen Peroxide Mouthwash is being recalled due to a potential risk of poisoning children. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that […]
< 1 min read
0
  1. Shopper & Customer

Dollar General lowers expectations as consumers cut back on purchases

Dollar General lowered its full-year net sales forecast and now expects a gain in the 3.5 to five percent range, down from its previous guidance of an increase falling between 5.5 and six percent. “Our sales guidance assumes our customer will remain under pressure for the remainder of the year,” Kelly Dilts, Dollar General’s chief… […]
< 1 min read
0
  1. Acquisitions, Divestitures & Mergers

Tempur Sealy to acquire Mattress Firm

Tempur Sealy has agreed to pay $4 billion to acquire Mattress Firm, the largest bedding retailer in the U.S. Mattress Firm operates about 2,300 stores. View Original Article Brick and Mortar Acquisition RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free […]
< 1 min read
0
  1. Media & Marketing

Twitter suspends journalists from major new outlets

Twitter said that it has suspended the accounts of journalists from CNN, The New York Times, Voice of America, The Washington Post and others. The social media site’s owner, Elon Musk, said in a tweet that the journalists were sharing details about his whereabouts and that these reports amount to “assassination coordinates” for those who […]
< 1 min read
0
  1. Department: Beverage

Starbucks Brings Controversial Drink to Coffee Consumers

Starbucks has brought a controversial new drink to its chain stores nationwide. Oleato beverages are infused with olive oil and are available beginning today. View Original Article Restaurants Dept. Beverage Dept. Fuel Consumers Brick and Mortar RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the […]
< 1 min read
0
  1. Associates & Employees

Store closings come with human costs

Store associates and managers were hopeful that Harmon Face Values would be sold or otherwise spared from the tumult that has engulfed Bed Bath & Beyond. That was not the case as all the chain’s stores were closed, leaving workers to figure out where they go next. View Original Article Associates Bed Bath & Beyond […]
< 1 min read
0
  1. Media & Marketing

Meta’s Investment Plans Rattle Investors

Mark Zuckerberg’s recent announcement about Meta’s spending plans left investors concerned. View Original Article Results & Investment Meta (Facebook) RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional […]
< 1 min read
0
  1. Corporate Strategy

Boeing CEO Acknowledges Alaska Airlines ‘Mistake’ That Led to Almost Fatal Incident

After an Alaska Airlines Boeing jet lost a piece of its plane during flight, the CEO of Boeing took a good, hard look at the circumstances that led to the almost fatal incident. View Original Article Executives RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving […]
< 1 min read
0
  1. Technology & Innovation

Tech leaders want to hit pause on ChatGPT

Artificial intelligence experts and technology leaders in the hundreds of have signed an open letter calling for a pause on further development of AI tech more powerful than OpenAI’s GPT-4 so that the risks associated with its use can be accurately assessed. Signatories to the letter include Yoshua Bengio, an AI pioneer, Skype cofounder Jaan […]
< 1 min read
0
  1. Trends & External Forces

Prices remain high even as inflation cools

The annual rate of inflation has dropped for six consecutive months, but prices still remain substantially higher than a year ago. Some goods, notably eggs, have been hit with continually rising prices, well above the inflation rate. View Original Article Dept. Dairy Economy RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is […]
< 1 min read
0
  1. Associates & Employees

Shein is taking steps to end labor abuses at factories producing its goods

Shein said it plans to invest $15 million to improve factories that produce the goods sold on its website. The fast-fashion retailer said that an investigation that it launched found that two factories had workers on shifts running longer than local regulations allow. The suppliers in question, the company said, have until the end of […]
< 1 min read
0
Next