Retail sales are expected to grow 6 to 8 percent in 2022.
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Fewer consumers expect to make big purchases, like homes or vacations, over the next six months.
Following a December slip, monthly retail sales exceeded expectations in the face of inflation, the Omicron variant, and other challenges.
Jewelry spending for the holiday is estimated to reach a record $6.2 billion.
Two of the brands in the top slots may come as a surprise.
The jewelry sector saw some of the strongest year-over-year and year-over-two-year growth, said Mastercard’s recent survey.
It predicts fewer people will shop the final Saturday before Christmas than last year.
Despite a dip in confidence and a rise in prices, consumers continue to spend.
Here’s what else Provoke Insights found in its latest consumer study.
High household savings rates and progress in the fight against COVID should keep consumers spending.
It has become, and will continue to be, an important factor in diamond purchases, according to the 2021 Diamond Insight Report.
The new consumer survey looks at the importance of younger shoppers, why physical retail reigns supreme, and more.
Consumers are spending cautiously amid inflation and a rise in COVID-19 infections.
Mastercard’s SpendingPulse survey said early shopping, bigger price tags and digital experiences will be the hallmarks of holiday 2021.
The category is getting a boost from two interesting groups: younger consumers and men.
Rolex and Retrouvaí are among the top luxury resale brands, as per The RealReal’s annual report.
Despite the monthly dip, the National Retail Federation remains optimistic about the year ahead.
National Jeweler shares the results of its latest poll on plans for Las Vegas market week.
July also marked the return of the in-store shopper, according to the SpendingPulse survey.
One thing all the listed retailers have in common? A strong brand identity.
Amid climbing COVID cases and concerns about the Delta variant, we want to know: Are you still planning on attending market week?
Although more jewelry businesses are shutting their doors, there is a silver lining to be found in the Q2 report.
The jewelry giant took the No. 78 spot as its 2020 U.S. sales surged.
It gives insight into the importance of retailer websites and fine jewelry quality.
Industry data shows sales in the category were on the rise in recent months and surpassed pre-pandemic levels.