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Online Sales Projected To Settle At 16.5 Pct Growth Rate

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While web users have harnessed eCommerce in numbers that haven’t been seen before amid the COVID-19 heath crisis, eMarketer forecasts the worldwide retail online shopping sales will slow down to a 16.5 The firm forecasts an overall $3.914 trillion in online shopping sales in 2020 per an announcement. percent in 2019.

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Retail 2021: The Five Things Retailers Should Be Talking About At NRF This Week

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Every year for the last 110 years , members of the retail trade group, known as the National Retail Federation (NRF), have assembled to discuss the slate of issues pertinent to its members. COVID-19, of course, didn’t cause physical retail’s steep decline — it just accelerated it. Like this one.

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Retail Crisis In U.S., U.K. A Fizzle For 2020?

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Call it a crisis that crosses the pond, will last into 2020 and, likely, beyond. Looking past the cheerful numbers tied to holiday shopping and the tens of billions of dollars spent on Black Friday, Cyber Monday and into Christmas, the decline of retail, at least the traditional retail model, continues into the new year, and across oceans.

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Today In Retail: Cox Automotive Rolls Out End-To-End Retail Experience; Pinterest Debuts AR Eyeshadow Try-On Tech

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In today’s top retail news, Cox Automotive has released its Complete Retail online experience, and Pinterest is introducing an augmented reality (AR) try-on tool to help users with testing and comparing eye shadow. Cox Automotive Launches End-To-End Car Retail Experience. which is based in Georgia.

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Retail Rents Falling From Manhattan To Los Angeles

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retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.

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Thanksgiving 2020: Tough Times and A Cheaper Turkey Dinner

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Turkey didn’t become standard fare on the Thanksgiving table for over another 200 years when Abraham Lincoln officially declared it a national holiday in the 1860s. A Banner Year For Buying A Turkey, Especially Online . Consumers are also increasingly pushing their thanksgiving shopping online, as COVID-19 case counts continue to rise.

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Holiday Sales Shot Up 8.3 Pct In 2020

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Despite the ongoing pandemic, retail holiday sales were 8.3 percent higher in 2020 than in 2019, surprising even the National Retail Federation (NRF). Despite unprecedented challenges, consumers and retailers demonstrated incredible resilience this holiday season,” said NRF President Matthew Shay in a statement.

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