According to the 2023 Home Security Market report from SafeHome.org, a home security product research company, 45 million households have video doorbell components. For some homeowners, however, video doorbells are out of the budget, but they still want to protect …
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August Sales Rise as Inflation Eases, NRF Says
Retail sales increased again in August as consumer demand and easing inflation overcame slower job growth, according to the CNBC/NRF Retail Monitor, released by the National Retail Federation (NRF). “Retail sales data shows that consumers continued to spend on household priorities …
Read More »NRF Predicts Record Mother’s Day Spending
Mother’s Day spending is expected to reach $33.5 billion this year, the second highest in the history of the survey, following last year’s record $35.7 billion, according to the annual consumer survey released by the National Retail Federation and Prosper …
Read More »NRF CEO Talks State of Retail in 2024
NRF CEO and president Matthew Shay joined the “Retail Gets Real” podcast live alongside Bill Thorne, NRF senior vice president of communications and public affairs, from Retail’s Big Show to talk about the event, how retailers fared this holiday season …
Read More »Holiday Spending Up 3% Over Last Year
Retail holiday spending during the 2023 holiday season rose just over 3% year over year, according to data from Mastercard SpendingPulse. “This holiday season, the consumer showed up, spending in a deliberate manner,” says Michelle Meyer, chief economist at the …
Read More »Inflation Hits Highest Point in 40 Years
The inflation rate topped 9.1% in June, the highest percentage in 40 years, according to the U.S. Bureau of Labor Statistics. The Consumer Price Index was up 1.3% in June on top of the 1.0% increase in May. The energy …
Read More »Increase in Mother’s Day Spending Expected This Year
The National Retail Federation (NRF) and Prosper Insights & Analytics conducted a consumer survey that found 84 percent of Americans plan to celebrate Mother’s Day this year. Spending on Mother’s Day is expected to top $31.7 billion, up $3.6 billion …
Read More »HIRI Data Highlights Popular Home Improvements
The Home Improvement Research Institute (HIRI) has revealed new insights into what’s motivating customers’ home care and maintenance spending. The 2020 HIRI Product Purchase Track Survey is now available to HIRI members. The information sheds light on home improvement product …
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