Spending confidence heading to the holidays is on the rise as Millennials and Gen X continue to turn around their spending plans. The gains in confidence to spend over the next 90 days bode well for a better holiday as expected…
Retail sales were kept on pace toward a better holiday by October sales results—although sales gains continue to favor e-commerce and in-store sales at homegoods retailers. Topline sales in October grew at the 4% or better pace expected for the holiday…
The holiday spending outlook is being supported by a post-hurricane rebound in job gains in most industries except retail—and despite persisting weak pockets across the middle and Northeast parts of the country. An emerging recovery in the energy and mining sector…
Spending confidence rebounded across key generations in October—reverting to an improving outlook heading toward the December holidays—as hurricane and other weather effects subsided. Millennials and Gen X led the confidence pickup, which are the two groups most likely to drive discretionary…
In-store holiday retail sales will improve from last year except at apparel stores—but gains will continue to benefit e-commerce retailers most of all. The forecast addresses: How much? MacroSavvy™ forecasts holiday sales* topping 4% growth—a pickup of half a percentage point—with…
The pace of retail spending looks a bit stronger through the third quarter—between 3.5% and 4.0% growth—in the wake of September results and prior-month data revisions. The third-quarter results put retail sales on pace for a better holiday this year compared…
Although core consumer price pressures remain subdued, food and fuel price inflation represent a growing threat to consumer spending—especially among lower-income households. In the retail goods sector, the threat is from falling prices as much as rising prices. Deflation in (retail)…