#consumertrends

Oct 28, 2021
1 min

Petco Creates Experiential Retail For Dogs, With First Reddy Store

Forbes | October 28, 2021 Petco's premium dog accessories and clothing brand, Reddy, expands to open its first store, an experiential retail for dogs. Launched in 2018, Reddy sells in more than 1,500 Petco stores and online. It has also installed Reddy shops in close to 50 Petco stores. The extension to an experiential Reddy store in Soho New York features a dog-friendly lounge, complimentary whipped cream “pup cup” treats, and an adventure concierge who will help owners plan

Oct 28, 2021
1 min

This Year's Holiday Spending By The Numbers

Forbes | October 28, 2021 American Express released its Amex Trendex survey for consumer trends for this holiday season, here are the key points - 48% of consumers surveyed have already started their holiday shopping, which is especially true for Millennials surveyed (63%). 38% of consumers surveyed agree they will spend more on the holidays this year in anticipation of a more celebratory season. 73% agree that they are interested in purchasing holiday gifts that will help ot

Jul 12, 2021
1 min

Facebook and TikTok Can't Get Enough of this Washable Bag Resembling a Pair of Crocs

Business Insider | July 12, 2021 Bogg bags are washable bags popular with parents on TikTok and Facebook that resemble a pair of Crocs. The bags retail from $60 to $90, but are often resold at their price. On TikTok, Bogg owners demonstrate the roomy bags, full of items. On a Facebook group people resell Bogg bags decorated with tassels, monogrammed keychains, and ribbons for as much as $190. The group also notifies each other when a new limited-edition print comes into stock

Jun 30, 2021
1 min

Global Consumer Confidence Is Soaring, Says New Mood Media Study

WWD | June 30, 2021 After more than a year in a pandemic, consumers say they’re ready to get back to brick-and-mortar. According to a new global research report by Mood Media, 80 percent of consumers now feel “somewhat comfortable” or “very comfortable” visiting physical stores. In fact, 60 percent of survey respondents told the company they plan to revert back to pre-pandemic shopping habit levels by or before the end of this year and 21 percent of respondents say their shop

Jun 30, 2021
1 min

Parents are Preparing to Pay More this Back-to-School Season as Inflation Hits Wallets

CNBC | June 30, 2021 This back-to-school season, the average parent’s spending per student is expected to be as much as $270, compared with roughly $250 in 2020, KPMG found in a new survey. A key reason for the heightened spending is the growing expectation that items will cost more in the coming months, with 39% believe sticker prices are going up. Parents of children in preschool are planning to spend as much as 32% more money this year, the survey said, while parents of co

Jun 10, 2021
1 min

3 Things to Know About Father's Day 2021

National Retail Federation | June 10, 2021 As more of the country becomes vaccinated and local and federal restrictions lift, consumers are eagerly planning vacations, making reservations for dinner out and planning family gatherings for events like Father’s Day. The Father’s Day survey conducted by Prosper Insights & Analytics found that consumers plan to spend a record $174 on average on gifts for dads, granddads and other father figures. Consumers have a renewed interest i

Jun 1, 2021
1 min

One Way Companies are Concealing Higher Prices: Smaller Packages

The Washington Post | June 1, 2021 Consumers are paying more for a growing range of household staples in ways that don’t show up on receipts — thinner rolls, lighter bags, smaller cans — as companies look to offset rising labor and materials costs without scaring off customers. Economists and consumer advocates who track packaging expect “shrinkflation” to become more pronounced as inflation ratchets up, taking hold of such everyday items such as paper towels, potato chips a

May 3, 2021
1 min

Dollar General Finds Growth Path by Meeting Shopper Needs

WWD | May 3, 2021 Last year was tough for many retailers and brands that were forced to temporarily close physical stores due to the pandemic. But for Dollar General, 2020 was a year of growth with 1,000 new stores opened. Emily Taylor, executive vice president and chief merchandising officer at Dollar General, shares the retailer’s growth story. "We’ve been delivering growth numbers, but equally impressive is our continued increase in productivity in our existing stores. Tha

Mar 2, 2021
1 min

Understanding the Hispanic Consumer

National Retail Federation | March 2, 2021 The Hispanic population continues to grow in the United States, as does its influence on brand strategy. The fastest-growing consumer group makes up nearly one-fifth of the U.S. population. Below are some highlights from a study Univision conducted on retail behavior of Hispanic shoppers versus Non-Hispanic shoppers. Hispanic consumers are more likely to engage in unique shopping activities, such as shopping online for the first time

Feb 27, 2021
1 min

Gen Z Is Driving Demand For Cottagecore Goods

Forbes | February 27, 2021 "Cottagecore" think floral fabrics, cozy sweaters, flowy layers, muted colors, ruffles and lace. This isn’t the 1980s, but an “anti-stress aesthetic”, explains online reseller Nadene Shearstone. Gen Z consumers are the biggest fans and buyers of this aesthetic. “They care more about the story behind brands, clothing, and home accessories, so used and vintage finds from Grandma's house are extremely appealing,” says Jennifer Burt, founder and creativ

Feb 3, 2021
1 min

3 Ways COVID-19 is Changing Valentine’s Day Plans this Year

National Retail Federation | February 3, 2021 As shoppers have adapted to pandemic lifestyles, consumers are changing how they spend on Valentine’s Day this year. According to NRF and Prosper Insights & Analytics, consumers plan to spend an average $165 on Valentine’s Day gifts and celebrations — $32 less than they budgeted last year. Despite this drop, it's still the second highest Valentine’s Day in terms of expected spending. Here are 3 ways consumers are celebrating diff

Jan 12, 2021
1 min

Exploring How the Pandemic is Pushing us to Cope with the Uncertainty of our Future

National Retail Federation | January 12, 2021 Andrea Bell, WGSN director of insight, presented “Consumer Behavior: Making Sense of the Aftermath of Uncertainty” as part of NRF 2021: Retail's Big Show – Chapter 1. Discussion of time perception and numbness and what it means for consumers. Time perception is the idea that pandemic-induced uncertainty has altered our grasp of time, changing memories and giving rise to a renewed focus on an idealized past. In 2020, “days seemed t

Dec 22, 2020
1 min

Influencer Impact Up 57% with Marketing Shifts in 2020

Retail Dive | December 22, 2020 While #ad posts on Instagram are declining in popularity, the value of influencers rose this year suggesting creator partnerships are an important part of the marketing mix. Influencer collaborations had 57% more reach and impact in 2020 compared to 2019, according to Klear's State of Influencer Marketing 2021 report. In 2020, influencers shift away from full posts and toward shorter snippets on TikTok and Instagram Stories. Creators' use of sp

Dec 14, 2020
2 min

What's Selling in 2020's Holiday Season

Retail Dive | December 14, 2020 The coronavirus pandemic has altered nearly every aspect of consumers' lives. How consumers spend their money during the pandemic and into the holiday has taken a shift from experiences to comfort. Looking at the overall holiday season, what consumers actually bought doesn't look a whole lot different than what sold well at the start of the pandemic. "Reason being the consumer is now living in what we call a 'here and now' lifestyle," NPD Group

Dec 10, 2020
1 min

Kids’ Newest Favorite ‘Nugget’ Isn’t Edible

National Retail Federation | December 10, 2020 This year could make anyone want to hide in a fort and not come out. For those who were able to snag a Nugget couch, they can. Foam blocks wrapped in micro suede fabric come together as a couch or can be pulled apart for fort-building and creative activities. Increasing in popularity for the past few years, when the country shut down due to the pandemic, the company couldn’t keep up with demand in a buying frenzy. During an Augus

Dec 2, 2020
2 min

Retail in 2021: What will endure and what’s going to change?

National Retail Federation | December 2, 2020 Looking ahead to 2021, the U.S. can expect the long tail impact of the COVID-19 pandemic to be felt in the retail industry. National Retail Federation has 10 predictions for 2021, here are some highlights you can't miss: Direct-to-consumer brands with partnerships to differentiate will see disruptive growth and profitability. It appears the future is multichannel as brands such as Everlane and Birdies link up with Nordstrom, Heads

Nov 23, 2020
1 min

TJX to Launch HomeGoods E-commerce as the Category Fuels Stellar Q3

Retail Dive | November 23, 2020 In a performance that topped analyst expectations in several measures, off-price retailer TJX Cos., which runs T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense, third quarter net sales fell 3.2% year over year to $10.1 billion. Store comps, excluding e-commerce and locations closed due to the pandemic, fell 5%, according to a company press release. Total inventories as of Oct. 31 declined to $5 billion from $6.3 billion in the year-ago qua

Nov 8, 2020
2 min

Moms Will Make Or Break Retailers’ Holiday: What She Will Be Shopping For

Forbes | November 8, 2020 With women controlling or influencing upwards of 70% to 80% of all consumer spending, we look to her for holiday shopping predictions. Zulily surveyed 2,000 Moms with children under 18 years of age that delves into how her family’s holiday celebrations will differ this year and what it will mean for retailers. “Mom is going to be the holiday hero,” shares RoxAnna Sway, executive director at Retail Intel. “They are going to put extra effort into seein

Nov 4, 2020
1 min

The Sanctuary Home: Key Trends

The Moscoe Group | November 4, 2020 As consumer behavior changes in the ongoing pandemic, we are seeing trends in key categories as individuals stay in their homes. Consumers continue to seek out products providing comfort and relaxation while also bringing in their own twist of hospitality spaces. While working from home, individuals are searching for ergonomic products that will stand the test of time. Once the daytime has passed, the home must transform effortlessly to car

Nov 4, 2020
1 min

Online Merchandising Trends

The Moscoe Group | November 4, 2020 As the digital world is more prevalent than ever, here are ideas and tips for encouraging narratives this holiday season through online merchandising. Styled imagery and reassuring messages will draw consumers to assortments that allow for helpful and creative solutions to the new normal. Emphasizing mindfulness, cozy season, and sleep-related wellness will bring meaning to natural and tactile products. Outdoor living products will extend t