Holiday Shopping news and archive

Retailers brace for boom in Black Friday spending

With just weeks to go until the start of the crucial Christmas shopping period, retailers are preparing for a Black Friday bonanza as consumers look to get ahead on their seasonal purchases. New data from industry analysts GlobalData and Vouchercodes.co.uk forecasts that UK shoppers will spend 9.14bn pounds over the four-day Black Friday weekend...

Fashion

Amazon dominates holiday gift search

Amazon has emerged as the dominant online platform for UK holiday shoppers, with over half (52 percent) turning to it for festive gift inspiration, surpassing Google, which attracted only 31 percent of shoppers, according to recent research by Nosto. Generative AI tools like ChatGPT are quickly gaining relevance, with 8 percent of UK consumers...

RetailFeatured

US holiday spending expected to be up 3.2% year-on-year this season

US shoppers are expected to spend 3.2 percent more this holiday season than last year, as retailers nationwide kick off the seasonal period earlier each year. According to Mastercard’s latest SpendingPulse Insights data, which tracks in-store and online retail sales across all payment types, US holiday shoppers will likely concentrate most of...

Retail

Target to cut prices on 2,000 items during holiday season

Retail major Target Corp. announced its plan to reduce regular prices on more than 2,000 items across owned and national brands this holiday season, to remain competitive in markets. These new price reductions are on top of the retailer's everyday low prices. In total, the company would be offering lower prices than last year on more than 10,000...

RetailFeatured

51% of consumers reportedly prefer in-store shopping ahead of holiday season

51 percent of UK and US adult shoppers prefer in-store shopping over online shopping, according to the latest insights from x-hoppers, an AI retail communication solutions provider. 62 percent of shoppers aged 55 and over were found to favor in-store shopping even more based on a survey conducted in September 2024 with market research firm Sago,...

RetailFeatured

UK retailers set for holiday spending boost despite consumer caution

After a turbulent year for retail, Shopify's latest Holiday Retail Report brings welcome news for UK businesses. The UK is the only international market where consumers are expected to increase their spending significantly during Black Friday and Cyber Monday 2024. The report reveals a projected 21 percent rise in average spending per shopper,...

Business

Adobe anticipates 'record' mobile and Cyber Monday sales this US shopping season

Adobe has said that it is expecting US online sales to reach 240.8 billion dollars over the upcoming holiday shopping season, spanning November 1 and December 31, which would represent a 8.4 percent growth year-over-year. Shopping on mobile devices, meanwhile, is anticipated to hit a new milestone, contributing a record 128.1 billion dollars and...

Retail

Amazon Prime Days to return October 8 to 9

Amazon is bringing back its Prime Big Deal Days next month ahead of the holiday season. Running from October 8 to 9, Prime members will have access to special deals with up to 40 percent off on toys, beauty, fashion, home decor and more. Some of the key offers set to run during Prime Days include Halloween costumes and accessories for families...

RetailFeatured

UK retailers brace for challenging holiday season

A recent study by Fiverr International Ltd. reveals a stark disconnect between UK retailers' expectations and consumer spending intentions for the upcoming holiday season. The survey, conducted in partnership with Censuswide, polled 500 UK consumers and 500 small-to-medium business leaders, offering insights into the strategies retailers are...

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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...

RetailFeatured

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...