Economic impact across North America includes $1 billion on outfits and merch
But while total number of shoppers dropped, in-store visits grew, NRF finds
The top gifts that luxury consumers want to receive are fine jewelry, clothing and experiences.
Despite gains by online sellers, 57% of survey’s respondents lean toward buying in physical locales
Miami tops New York as priciest retail rental market in North America, study finds
Report: Younger workers not indulging in post-work ritual
Brick-and-mortar locales remain a major draw for shoppers, survey shows
Middle-income households finding ways to adjust to higher prices, survey finds
Nearly a quarter of survey respondents expect to shell out more this year
Potential staffing shortages this summer are the top concern for retailers, followed by global events and banking sector issues
However, furniture and garden stores saw declines last month
“Consumers’ behavior and spending power are tied to their financial health, and the consumer sector looks good at the moment”
As women revel in the joy of spending on experiences, both big and small, it's about time that retailers consider new ways of reaching them
