Boomers again pushed spending confidence higher in December, but Millennials may hold back the outlook for consumer spending through the remainder of the holidays and to start the New Year. The uptick in confidence follows a big jump in the immediate…
Retail spending slowed in November, according to the latest government data. Or did it really? While the seasonally adjusted sales data suggest moderating growth, the unadjusted data suggest a strong November at the expense of a weak October—that consumers held back…
Spending confidence has moved higher led by Baby Boomers while it continues to slump among Millennials in the wake of the presidential election. The net impact should boost retail sales for the holiday, although results will remain mixed by category and…
What do the latest retail sales numbers tell us about the outlook heading into the holiday? It depends whether you believe more in the seasonally adjusted or unadjusted data. If you believe in the adjusted data, then sales growth improved significantly—to…
The winners and losers among categories this holiday will include gift cards, clothing, home-related goods, and media from books to video games. That’s the takeaway from an October survey of holiday shoppers—and comparisons with responses spanning more than 10 years. Given…
Spending will be slightly weaker online and in stores this holiday season. Sales will grow 2% in stores and 14.5% online—resulting in 3.5% overall growth, according to projections by MacroSavvy™. The forecast shows that the weakness will be most evident at…
Household retail spending perked up in January and was a bit better during the holiday than first reported, according to the latest U.S. retail numbers. The revised holiday numbers show that the holiday results were close to the 3.5% forecast by…