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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Discount Retailer Big Lots Files for Chapter 11
Discount home goods retailer Big Lots announced today it has filed for Chapter 11, and its stores and operations have been acquired by private equity firm Nexus Capital Management. “The actions we are taking today will enable us to move …
Read More »Consumers Remain ‘Willing to Spend’ Even as Growth Slows, NRF Says
Consumers are still willing to buy even as smaller job and wage gains and high interest rates are slowing the growth of consumer spending, National Retail Federation (NRF) chief economist Jack Kleinhenz says. “U.S. economic growth for the remainder of …
Read More »National Retail Federation Provides Consumer Spending Forecast
$966.6 billion. That amount is how much the National Retail Federation (NRF) forecasts will be spent on gifts and decorations from November 1 to December 31, a 3-4% increase from 2022. NRF’s holiday forecast is based on economic modeling that …
Read More »7 Stats About Consumer Spending
What Consumers Want: Discover more customer insights on how product knowledge, convenience and competition affect purchasing at hardwareretailing.com/hiri-customer-insights. Rising Costs Have Impacted How U.S. Consumers Shop
Read More »Consumers Ready to Make Large Purchases
In a recent survey of 1,000 Americans who made a major purchase of $500 or more in the last year, TD Bank found that 70 percent of consumers are likely to make large purchases in the next six months. Nearly …
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