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Retailers can expect another busy peak in 2023. Overall retail spending during this year's holiday shopping season is projected to increase by 4.5% to $1.328 trillion, while retail e-commerce sales are expected to grow by 11.9% Retailers that take a proactive approach to peak season planning can use the holidays as an opportunity to expand their customer bases, boost brand loyalty, increase revenue, and deplete year-end inventory. Use these strategies to position yourself for a successful peak season. #holidayshopping #peakseason #ecommerceshipping #peak2023

Per National Retail Federation predictions and surveys, 74% of shoppers intend to shop this weekend. Just under half shopped deals in October, but much shopping is left to be done this holiday season, with 25% of gifts bought total so far. #retail #holidayshopping #blackfriday #thanksgiving2023 #thanksgiving https://lnkd.in/gF2uQ_5i

In a recent consumer survey conducted by McKinsey, they state that this year’s holiday shopping season started earlier and will last longer than it did in 2022. But the question on everyone's mind is will that yield the sales retailers are expecting for 2023? Read the article to learn more about when consumers will shop for the holidays, how much they will spend, and what matters most to them during this time. Click below! #retail #McKinsey #retailtrends #retailsolutions #retailpackaging #2023holidayshopping #2023retailtrends

Great article with some interesting stats related to consumer spending. There are some interesting generational trends I notice such as quality becoming more important and prices less-so, or the fact that Millennials and Gen Z seem to be more interested in paying with debit or in cash than previous generations. I haven't spent a lot of time analyzing this but we could see some interesting changes in spending long term!

Despite a drop in retail sales in October, the first in seven months, expectations are high for a surge in consumer spending over the Thanksgiving weekend. This period marks the start of the holiday shopping season. According to the International Council of Shopping Centers (ICSC) #ConsumerSpending #HolidayShopping #RetailSalesBoost #Thanksgiving2023

As the holiday season approaches, consumers are expected to spend over 1.6 trillion dollars. Shoppers are expected to spend over 221.8 billion dollars online, and according to the ICSC, 87% of consumers are predicted to shop at brick and mortar stores. According to Tom McGee, president and CEO is ICSC, “This year’s forecast shows the industry is balancing out after rapid growth over the last few years, setting retailers up for another successful holiday season.” Read more at the article below! 💡 #retail #holidayseason #consumertrends https://lnkd.in/gCpMMJqK

“Shoppers continue to remain optimistic about the upcoming holiday shopping weekend despite inflation,” said Tom McGee, President and CEO of ICSC. “While they expect to encounter higher prices this holiday season, they’re turning to smart and savvy shopping techniques to make sure they’re getting the best deals on the things they buy to maximize what they have to spend. We anticipate increased consumer spending and a strong shopping season for retailers during Thanksgiving weekend.” Ninety percent of shoppers plan to visit a store to buy an item or pick up an online purchase, and among physical stores, eight-in-10 shoppers plan to visit a retail marketplace during Thanksgiving weekend. Most expect to shop and dine, but this year, more consumers also plan to attend holiday-themed events. #holidayshopping #retail #Thanksgiving #blackFriday #storyfanatics #icsc https://lnkd.in/gQx4vhEx

Who else is getting a head start on their holiday shopping in October?? This Forbes article reveals that apparently “79% of consumers plan to start shopping for the holidays earlier than they normally would. In fact, one in four already started their holiday shopping in August or earlier.” The 3.8% growth in U.S. retail sales this holiday season shows the strength and momentum of our economy. It's encouraging to see that discount department stores will benefit the most, providing more chances for shoppers to discover great deals! This holiday season, please remember to support your local businesses! 🛍 💞 https://lnkd.in/gXTmSxgi #HolidayShopping #RetailInsights #ShopSmall #ShopLocal

Exciting News for the Retail Industry! The holiday season is just around the corner and it brings promising tidings for retailers! The anticipated 3.8% growth in U.S. retail sales is like a ray of sunshine, illuminating a bright future for businesses in this sector. Eight out of ten shoppers are planning to maintain or even increase their spending compared to last year. Talk about confidence! This surge in consumer sentiment surpasses expectations and shows a positive trend, leaving behind the doubts of 2022. This pivotal period during the holiday season presents a golden opportunity for businesses to thrive and excel. Let's make the most of it and spread some holiday cheer! #Retail #HolidaySeason #ConsumerConfidence

As U.S. consumers continue to deal with increasing prices, retailers are adapting their strategy to align with changing shopping behavior. Learn how retailers are using personalized promotions, same-day delivery, and Buy Now Pay Later (BNPL) to meet customer expectations.#usbank #holidayshopping