Small Business Index for July 2024: Sales Regain Momentum
Payments and financial services technology provider Fiserv, Inc. has published the Fiserv Small Business Index™ for July 2024. Nationally, the seasonally adjusted index for July rose to 141. This jump in consumer spending followed a four-point decline in June.
NRF Reports Economy is Still Growing
Key elements of the economy are still growing but appear to have slowed enough to be on track for the Federal Reserve to lower interest rates later this year, according to the National Retail Federation (NRF).
eTail Boston 2024 to Explore All Things Future Technology
eTail Boston is set to take place from August 12-15, 2024 at the Boston Mariott Copley Place. This e-commerce and digital marketing event will feature an agenda jam packed with presentations, panel discussions and interactive roundtables for retail professionals, all offering insight into navigating the rapidly evolving digital world.
The Rise of Recommerce — Discount and Thrift Retail Booming
Inflation has been eating away at consumers’ wallets for nearly three years and some retailers are starting to see a tide change as more...
Restaurants Experience a Decline as Shopping Centers Thrive
With the first half of 2024 officially behind us, it’s time for retailers to look forward to and prepare for the shopping trends to...
New Report Reveals Omnichannel Shopping Preferences
The post-pandemic omnichannel retail landscape looks vastly different than it did in 2019. With consumers stuck inside their homes for months on end, online...
Back-to-School Shopping Has Already Begun
As of early July, more than half (55%) of back-to-school and college shoppers have already begun buying items for the upcoming school year, according...
Black Friday and Cyber Monday are Not Critical for Most Holiday Shoppers
A new survey from Basis Technologies found that 54% of holiday shoppers don’t view Black Friday and Cyber Monday as essential for their needs....
Small Business Sales Slow as Consumers Pull Back
Fiserv, Inc. just published the Fiserv Small Business Index for June 2024, which found that on a year-over-year basis, both small business sales (+1.6%)...
Digital Platforms and IARD Enhance Online Marketing for Alcohol
In response to an initiative from alcohol advertisers, leading digital platforms Meta, TikTok, Snap, X, Pinterest and YouTube are taking robust steps to strengthen...
Spaving: The New Consumer Trend
Despite a slight ease of inflation in April, the consumer price index remained elevated, showing a 3.4% increase compared to the previous year. Nevertheless,...
Retail Sales Data for May Shows a Reasonably Healthy Consumer
Data released by the U.S. Census Bureau last week shows retail sales grew again in May and helped drive a still-expanding economy, National Retail...
Men Emerge as Primary Gift Card Purchasers in the U.S.
New research from Blackhawk Network (BHN) reveals shifting gift card and gifting preferences among U.S. consumers. Among the most notable shifts found in the research: men...
U.S. Toy Industry Shows a Softening Decline in 2024
U.S. toy retail sales performance results for January through April 2024 showed that toy industry dollar sales declined by 1% through April versus the...
eBay to Stop Accepting Amex Due to High Swipe Fees
Online marketplace behemoth eBay told customers in an email that it plans to no longer accept American Express, citing “unacceptably high fees” and that customers have other...
Consumers Prefer Product Information on Retailers’ Own Channels
When making online buying decisions, U.S. consumers now place more value on product information delivered on retailers’ owned channels, compared to third-party channels, such...
Consumers Remain ‘Willing to Spend’ Even as Growth Slows
Shoppers are still willing to buy even as smaller job and wage gains and high interest rates are slowing the growth of consumer spending,...
May Small Business Sales Grow Modestly
The Fiserv Small Business Index for May 2024 found that small business sales grew 4.3% year-over-year and 0.2% month-over-month. Foot traffic also grew 5.2%...
Despite Economic Uncertainty, Small Businesses Show Optimism
Both small business owners and consumers nationwide are being impacted by the state of the economy. But despite concerns about prices and cash flow,...
Consumer Shopping Behaviors Unlock Opportunities for Retailers
A new industry study released by ADvendio shows that evolving consumer shopping behaviors are opening significant opportunities for retailers to boost sales and improve customer engagement...
