Retail innovation cycles last approximately 20 years. As we take a look at retail history, this cycle becomes self-evident. From the general store to department stores to discount stores and so forth, each variety has their day in the sun as the leading channel for most purchases. Today, we’re lucky enough to be living within two powerful cycles simultaneously. But ...more
E-commerce has changed the way consumers purchase products, but until very recently, the basic structure of the transaction and sale itself hadn’t evolved much: People browse for products they want, compare prices across sites, maybe submit a code for a discount coupon if they have one and make a purchase. But a recent development points to a big change on ...more
U.S. employers added 165,000 jobs in April, bringing the official unemployment rate down to 7.5 percent. The retail trade accounted for 29,000 new jobs.
Employment has grown by 1.6 percent across the country over the past year, a gain of more than 2 million jobs after seasonal adjustments, according to the Bureau of Labor Statistics. Private-sector job growth alone has ...more
Retailers expected online sales to hit record levels in 2014 and did they ever.
New all-time highs for e-commerce sales are now expected for the November through December time frame following a strong surge in sales during the final week before Christmas, according to the digital measurement firm comScore.
U.S. retail e-commerce spending from desktop computers from Nov. 1 through ...more
An expected post-Easter decline in shopper activity was compounded by unseasonably cold weather last month. Retail foot traffic decreased 10.1 percent in April compared to March 2013, deviating from previous positive month-over-month retail traffic trends. Foot traffic for April 2013 decreased 0.4 percent compared to the same month in 2012.
Easter — and all the shopping that goes with it ...more
The United States capped its best year for hiring in 15 years with a healthy gain in December, and growing strength in the retail sector has helped fuel the economic rebound.
Spending at retail stores and restaurants rose in November by the most in eight months, an early sign that Americans are spending some of the savings they are enjoying ...more
Lower-priced gas allowed Americans to step up their spending at retailers in April, buying cars, clothes, electronics and appliances. The rebound from a weak March suggests consumers remain resilient in the face of higher taxes and could continue to drive economic growth this spring.
Retail sales edged up 0.1 percent in April, the Commerce Department said Monday. That's an improvement ...more