The National Retail Federation expects sales in November and December (excluding autos, gas and restaurant sales) to increase a solid 3.7 percent to $630.5 billion — significantly higher than the 10-year average of 2.5 percent. Holiday sales in 2015 are expected to represent approximately 19 percent of the retail industry’s annual sales of $3.2 trillion. Additionally, NRF is forecasting online sales to increase between 6 and 8 percent to as much as $105 billion.
Shop.org today announced from the Shop.org Digital Summit in Philadelphia the group’s Digital Commerce Startup of the Year competition winner. After being named a finalist in September, Reflektion was selected by several esteemed leaders in the retail industry as the winner of the competition.
The National Retail Federation today announced the development of a new Digital Council, powered by NRF’s digital division Shop.org, which was created to enhance the strategic value of NRF and the e-commerce, mobile and innovative initiatives that exist within the retail industry today.
The National Retail Federation and e-commerce consultants FitForCommerce announced today the release of their first Omnichannel Retail Index, a report that examines 120 retailers across multiple categories and their use of omnichannel strategies such as buy online pick up in store, real-time inventory availability and mobile optimized websites.
More than 157 million Americans will celebrate Halloween, according to the National Retail Federation’s Halloween Consumer Spending Survey conducted by Prosper Insights & Analytics. The average person celebrating will spend $74.34. Total spending on Halloween is expected to reach $6.9 billion.
Little yellow Minions, pint-size Yodas and pretty pink princesses are planning a takeover this Halloween as consumers’ costume decisions shed light on an epic year for pop-culture fanatics. According to NRF’s 2015 Halloween Consumer Top Costumes Survey conducted by Prosper Insights & Analytics, Minions and “Star Wars” characters each made an appearance on all three top costume lists – adult, children’s and pets.