A customer making a purchase from a small business. A majority of U.S. consumers plan to reevaluate their budgets and spending in 2024, according to a survey. Creative via Getty Images
A recent study conducted by Jungle Scout reports that many consumers prefer to support small and local businesses for their holiday shopping. 20% reported they will buy holiday gifts from indie stores, up from 10% last year. The report ranks independent retailers in 4th place for in-store shopping, surpassing Costco, Walgreen's Best Buy, Sam's Club, Macy's and Home Depot.
The article shares 53% of consumers bought online from independent stores on Small Business...
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A person shopping via mobile during the holidays. Consumers spent a record $9.8 billion online on Black Friday. Image credit ~ RetailDive/FreshSplash via Getty Images
According to a recent RetailDive report, online and mobile purchases for Black Friday sales were the strongest, with smartphone sales leading at 54% of online sales. The article states consumers spent a record $9.8 billion online on Black Friday, according to data from Adobe Analytics. That’s up 7.5% from last year.
Industry experts forecast that consumer spending will be up 2-3% year over year. The National Retail Federation projects 3-4% year over year. ...
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Leah Daniels, Owner of Hill's Kitchen in Washington D.C. has weathered the storm. Photo credit Kaaren Vembar/Retail Dive
With our retail members in the throes of the holiday season, it was nice to read an article by Retail Dive providing some insight into Q4 2022. Retail Dive, a retail industry publication, informs readers that big-box stores share much of the same friction as our indie retailers do. I appreciated the acknowledgement that independent stores may feel disruptions quicker and may even have an edge on providing a more superior customer experience to gaining loyalty. The good ...
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Image credit: Retail Dive / Adore Me
Retail Dive reports on Amazon's lazy claims that it cares about stopping counterfeits. Counterfeiters on Amazon may steal a brand's product design, name, and product pictures. When a brand reports this to Amazon, Amazon often does: nothing.
This is an issue for American brands. For example:
- A brands creates a product. The brand pays for research and development.
- Brand may pay to have it made in America.
- Brand takes professional pictures of
...
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Image: RetailDive and Walmart corporate blog
Businesses like Walmart, Disney, and Discovery are bundling services and adding the “+” suffix to denote them (e.g. Disney+, Discovery+, W+, etc.). In a
recent article in RetailDive, we learn that Walmart is giving its customers free, six-month trial Spotify accounts. I think W+ bundling services is smart. Last week,
I compared running a gym to offering software. I spoke about bundling services with things that people like to increase ...
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