Shoppers will return 16.6% of their retail purchases from 2021, according to the National Retail Federation (NRF), with some of the returns involving fraud. The NRF and Appriss Retail released a report today that found retailers expect over $761 billion Read more
Fashion brand Ralph Lauren is considering buying “real estate” in virtual reality, its CEO told attendees at the National Retail Federation conference, according to CNBC. And Walmart may be preparing to enter the metaverse too, the news outlet reported separately. Read more
Retail industry event planners must once again deal with concerns over COVID. The Toy Association cancelled the annual Toy Fair set to take place in mid-February at the Javits Center in New York City. It said it had to balance Read more
Holiday consumer spending was up 8.6% over the 2021 season compared to the same period in 2020 – however, online prices in December were 3.1% higher compared to December of 2020, according to Adobe researchers. Adobe is out with two Read more
In 3 short years, people will use social media to buy $1.2 trillion in goods worldwide, according to a new study from Accenture. That’s up from the current $492 billion in sales made through such platforms. The company expects “social Read more
A busy holiday shopping season in 2021 can mean only one thing as the New Year kicks off: more returns. Mastercard SpendingPulse found retail sales grew 8.5% from November 1 through December 24. Online sales made up 20.9% of total Read more
Holiday shopping may extend well into the New Year, according to survey findings from Pitney Bowes. In the face of supply chain disruption, US consumers are hopeful for discounts and increased inventory following the holidays, it found. Delayed gratification isn’t Read more
Nike CEO John Donahoe pushed the concept of “disruptive innovation” while CEO of eBay. He’s still attracted to the “cool kids” – in the latest case, the founders of a company who embrace the “metaverse” by making digital goods; in Read more
As we near the end of 2021, we can’t help but reflect upon what a strange couple of years it’s been. And not just due to the Covid-19 pandemic. As Boomers retire, collecting is undergoing a generational shift. But nothing Read more
The Thanksgiving holiday kicks off a big weekend of holiday shopping, including Black Friday and Cyber Monday. But the National Retail Federation (NRF) said that while Thanksgiving weekend remains an extremely important milestone for retail sales, it does not necessarily Read more
