by Lindsey Thompson | Jan 18, 2022 | Industry News, Operational Insights
The National Retail Federation (NRF) released the holiday spending numbers for 2021, which grew 14.1 percent over 2020. Holiday spending topped $886.7 billion, blowing NRF’s forecast, which was a growth of 11.5 percent, out of the water. The increase comes in light of...
by Lindsey Thompson | Jan 7, 2022 | Industry News, Operational Insights
Despite an increase in holiday spending, retailers are facing a financial crunch with an increase in holiday returns that will cost them more money. Holiday spending between Nov. 1 and Dec. 24 was up 8.5 percent in 2021, according to Mastercard Spending Pulse. But,...
by Lindsey Thompson | Dec 2, 2021 | Industry News, Operational Insights
Theft and loss have always been a part of the retail landscape, but in the last several weeks, some major retailers have been the victim of organized theft rings. Both the Wall Street Journal and the New York Times have reported on the increase in retail robberies...
by Lindsey Thompson | Nov 16, 2021 | Industry News, Operational Insights
The month of October saw a jump in three leading consumer metrics—inflation, price gains and overall retail sales. According to the U.S. Labor Department Consumer Price Index for All Urban Consumers, inflation increased 0.9 percent in October, following a modest...
by Olivia Shroyer | Jul 20, 2021 | Industry News
According to a National Retail Federation (NRF) survey conducted by Prosper Insights & Analytics, consumers plan to spend record amounts for school and college supplies as families and students look to return to in-person classrooms this fall. “The pandemic forced...
