Holiday Shopping news and archive

Jewellery and partywear tops festive spending for 2023

According to preliminary insights from Mastercard SpendingPulse, UK shoppers returned to the high street for the festive period with jewellery and clothing seeing significant growth. The report reveals that total UK retail sales from November 1 to December 24 show a 2.6 percent rise year-on-year, while in-store sales increased by 3.5 percent as...

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Retail experts predict a record-breaking holiday sales season

Forecasts by the National Retail Federation for this holiday season is that spending will reach record levels, with growth of between 3 and 4 percent over 2022, for a final result of between 957.3 and 966.6 billion dollars. According to NRF President and CEO Matthew Shay, sales will more than match pre-pandemic levels due to the economic...

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Majority of US luxury shoppers to maintain spending levels this holiday season

Amidst economic instability and rising inflation, luxury consumers are set to maintain or increase their spending this holiday season, according to a new report from Saks. 75 percent of luxury shoppers plan to spend the same amount or more this holiday season compared to last year, reflecting a steady trend, as outlined in the Sakes Luxury Pulse...

Fashion

Millennials and Gen Z to spread the cost of the holiday season

As the festive season looms, savvy Millennials and Gen Z are proactively navigating Christmas spending, according to a survey by RSM UK. The study, involving 1,000 consumers, reveals that 55 percent of Millennials and 52 percent of Gen Z plan to commence their Christmas shopping earlier to efficiently manage expenses and capitalize on...

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Shopping online for Christmas: Tips for brands to excel in the holidays

As we all know, the time leading up to Christmas tends to fly by. To get the most out of this high-turnover period, fashion companies should definitely start their preparations early. The first step is to take a thorough inventory: Is one’s technology up to date? Can one guarantee performance even with high access rates? And: Does the store...

Retail |OPINION Featured

How to use gift wrapping as a strategy to gain return shoppers

The annual party season is open and we are once again hunting for festive outfits and surprising gifts. It is the high season for fashion retailers. At the same time, there is no shortage of staff to keep the tills ringing, let alone to sparkle in the packages of the purchases. Yet at the same time, the staff cannot be dragged along to ring the...

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These holiday campaigns are set to grab customers' attention

Fashion brands, apparel manufacturers and retailers are ringing in the Christmas season with these campaigns and collections. With slogans like “Happiness belongs to us,” “Your Style. Your Sound. Your Christmas” and “Coming home for Christmas - Travel lightly,” they place themes like community, returning to normalcy and sustainability at the...

Retail

Almost 180 million Americans shopped during 5-day holiday sale

The five-day holiday shopping period from Thanksgiving Day through Cyber Monday saw about 180 million Americans making in-store and online purchases, according to the National Retail Federation's Annual Thanksgiving Weekend Consumer Survey, conducted by Prosper Insights & Analytics. The shoppers spent an average of 301.27 dollars on...

BusinessPartner Content

The Most Plentiful Time Of the Year: Cyber Week Trends and Numbers For 2021

The post-pandemic Holiday Shopping season, which is usually counted from Black Friday until Christmas (McKinsey & Company), is predicted to hit new levels in 2021. Last year broke records in digital sales (Salesforce), reaching $1.1 trillion in global sales, up 50% from 2019. And from that number a total of 270$ billion were from Cyber Week...

Fashion

Saks unveils Fifth Avenue holiday window and lights display

Saks Fifth Avenue has debuted its iconic holiday window display at its New York flagship for the 2020 season. The retailer's Fifth Avenue installation takes a more theatrical approach this year: a ten-story-tall light show with a reimagined, one-of-a-kind event concept called "Saks Lights Up Fifth Avenue." The retailer will host Saks Lights Up...

RetailPress Release

LIVERPOOL ONE TAKES CHRISTMAS TO THE COMMUNITY

Grosvenor’s Liverpool ONE has officially unveiled its iconic Christmas lights. This year the illuminations switch-on was also captured on film, in a bid to support the community and deliver festive cheer virtually to those who may be unable to visit during the Christmas period. The destination’s distinctive 30 metre tall Christmas tree has...

Retail

Klarna launches new price drop widget ahead of holiday season

Klarna has introduced a new price drop widget to its iOS mobile app. The tool will allow consumers to stay informed on the latest deals and sales, particularly during the upcoming holiday shopping season. The widget is a permanent extension of the Klarna app experience, and works by rotating through a selection of users' most relevant items and...