What do September’s retail sales mean for the holidays?
A small but notable 11.5% rise in e-commerce during the month suggests that people are shopping early for the holidays, which research shows is, for some, to help stretch strained budgets.
This week we discuss what to expect this holiday season and announce our newest Doorcounts integrations.
THIS WEEK’S HIGHLIGHTS
- Retail tech: Retail Tech offers renewed potential and optimism for the industry.
- Holiday predictions: How stores are utilizing the overload of data.
- Doorcounts + Furniture Wizard: U.S. retail sales are expected to grow 7.1% this holiday season.
FOOT TRAFFIC INDEX
Here’s a look at last week’s foot traffic compared to the same time last year.
FOOT TRAFFIC TRENDS
Industry insights so you can convert your foot traffic into more sales.
Doorcounts + Furniture Wizard
We are pleased to announce our new integration with Furniture Wizard!
You can now automate the flow of sales data from Furniture Wizard into Doorcounts.
If you are a furniture Wizard customer and are looking to integrate with Doorcounts, email our Support Team at support@doorcounts.com.
What September’s retail sales mean for the holidays
Consumers are spending and shopping early, but inflation is still squeezing their pockets.
Retail sales rose 7.1% in September in the segments followed by Retail Dive (which doesn’t include grocery, gas, or restaurants). Overall inflation also remained stubbornly high in the month at 8.2%, so, while consumers are spending, they’re getting less for their money, and volumes are therefore down in many categories.
A small but notable 11.5% rise in e-commerce during the month suggests that people are shopping early for the holidays, which research shows is, for some, to help stretch strained budgets.
A recent survey predicts that a quarter of holiday shoppers planned to begin before September 30 and a half are set to begin before October 31,” Bankrate Senior Industry Analyst Ted Rossman said in emailed comments.
Retail Snippets
Holiday rush: U.S. retail sales are expected to grow 7.1% this holiday season.
Retail tech: Retail Tech offers renewed potential and optimism for the industry.
A new order: U.S. retailers fill store shelves with leftover holiday inventory.
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