Eighty-seven percent of shopping in the United States still happens in stores, but Walmart is having meetings with large consumer goods companies and advertising firms to pitch its advertising business. The event is Walmart’s effort to grow its advertising business and challenge online advertising leaders Alphabet’s Google, Facebook and Amazon.com.
For more than 80 years, the Florida Retail Federation (FRF), has supported supporting Florida’s retail industry. The FRF expects spending on Easter 2019 to have reached near record numbers with the average per person spending $151. The total expected to be spent nationally is $18.11 billion.
According to the University of Florida UF Survey Research Center’s latest Consumer Sentiment report, Florida consumers are feeling as good as they have felt in at least 13 months. The index increased 2.8 points in February to 100.9, up from a revised figure of 98.1 in January, the report shows. It’s the first score over […]
US retail sales rose 0.2 percent in January 2019, helped by an increase in purchases of building materials and discretionary spending. The report from the Commerce Department was delayed by the 35-day partial shutdown of the federal government that ended on January 25, 2019. Excluding automobiles, gasoline, building materials and food services, retail sales gained 1.1 […]
Based on an article in the Miami Herald by James S. Cassel, co-founder and chairman of Cassel Salpeter & Co. A study by marketing service OutboundEngine found 50 percent of business owners admit to not having a marketing plan. It reports 55 percent of owners of small and medium-sized businesses (SMBs) spend less than five […]
US retail sales grew in July 2019 as consumers bought a range of goods despite cutting back on vehicle purchases. Retail sales increased 0.7 percent in July after gaining 0.3 percent in June 2019. Economists polled had forecast retail sales would rise 0.3 percent in July.
Walmart reported strong Q2 2019 results and raised its earnings expectations for the year, easing concerns around consumer demand in the wake of tariffs on imports from China. Retail, Consumer
Adobe Analytics reports large US retailers have reported higher sales on the first day of Amazon’s Prime Day shopping event. Large retailers, those with more than $1 billion in annual revenue, saw a 64 percent increase in sales versus an average Monday.
Seeking ways to revive its fortunes, J. Crew, the US clothing chain, is reported to be preparing for an initial public offering (IPO) of its Madewell apparel business. The IPO is intended to face competition from e-commerce firms such as Amazon.com as well as brick-and-mortar retailers.
A federal appeals court has ruled against Amazon.com in a case that could expose the online retailer to lawsuits from customers who buy defective products from third-party vendors through its website.