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As online sales have skyrocketed during the pandemic, it comes as no surprise that the majority (60%) of consumers say they plan to purchase holiday items online this year.
A V-shaped recovery continues in the US as retails sales accelerated their rate of growth in September.
The remarks came in the October issue of NRF’s Monthly Economic Review, which said consumer spending has seen a clear V-shaped recovery.
NRF data shows how retail sales continued to recover from the coronavirus pandemic in August, showing a gradual improvement from July and larger gains year-over-year.
E-commerce saw a 44.5% jump in Q2 2020 compared to the same quarter last year, while retail in-store sales were still down slightly
The US-brand, which was founded by owner Jeffrey Nasha, has opened a new retail outlet in Flatirons Crossing, Broomfield Colorado today.
If you think the retail landscape is changing fast with the internet affecting everything, try being a publisher. The simple days of producing glossy monthlies packed with luxury advertising are over as brands shift marketing money to digital platforms. Quality journalism is expensive, and the only way to pay for it today, some have concluded, is to start selling watches and accessories online. Tom Mulraney browses through the current offers and asks whether obvious conflicts of interest can be accommodated.
The company says it hopes furthering the Grand Renovation of its iconic Flagship store reinforces Saks' position in the Manhattan market.
Data released by the Commerce Department showed consumer optimism and potential signs that that concerns over economic growth weakening are not effecting the consumer.
The president announced last week that new 10% tariffs on an additional $300bn in Chinese goods will take effect from September 1.