Siller & Cohen Family Wealth Advisors’ Post

Retail sales activity surrounding the 2024 Easter season reveals so much more than holiday shopping activity.  🛒🛍️ “Current #retail purchase patterns are being led by the consumer,” says Circana's Marshal Cohen. Are these lasting changes, or merely short-terms reactions to cumulative financial impacts and looming concerns? Get the full story below 👇 #Easter #retail #toys

Retail sales saw a boost in July, thanks to back-to-school shopping and special promotions. According to the CNBC/National Retail Federation Retail Monitor, sales were up 0.74% from June and 0.92% compared to last year. Online shopping, health and personal care, and clothing stores led the gains. Despite cautious spending, consumers are still finding value in essentials, keeping sales strong. Read more: https://lnkd.in/gTqSCqMi

💳 🛍 May's Retail Surge: Retail sales soared by 1.35% month-over-month, highlighted in the latest CNBC/National Retail Federation Retail Monitor, powered by Affinity Solutions. A standout performance was seen in online sales, which leapt by an impressive 17.91% YoY, demonstrating the growing consumer preference for digital shopping experiences. Want to understand what’s fueling this shift and its impact on other retail categories? Read more to uncover the consumer trends driving the retail market forward. https://lnkd.in/er_h8sh9 #retailintelligence #consumerpurchaseinsights #onlineshopping

Post covid shoppers have returned ‘en masse’ to physical stores, which is boosting the prospects for brick-and-mortar retailers. We examine the evidence for and the drivers behind the resurgence of physical shopping and what it means for the outlook for the market in general. Read the full article here: https://lnkd.in/ed4kgTZF Colin Burnet Jonathan Heptonstall Tim Vallance #RetailRevival #CRE #RetailTrends #CREInsights

Positive for sure, but a strong overall retail picture suggests potential for good online retail performance, but it's not a guarantee.  Perhaps changes in consumer spending habits can impact online and physical stores very differently if you think about it?  For example, during inflation, consumers might prioritise essential items bought in-store over discretionary online purchases. 🤷🏻♂️ https://lnkd.in/gCtvd6AP #Ecommerce #OnlineRetail #retail

Retail sales performance is beginning to show signs of stabilization. ⚖ Shoppers are striking a balance in their budgets and are responding to promotions. 💳 However, it is only the older consumers who are increasing their discretionary retail spending. ⭐ As Circana’s Marshal Cohen points out, consumers are willing to spend when the right price aligns with their current needs. 💡 Retail marketers need to think about how to address those unique moments with consumers across all age groups. #RetailSales #RetailTrends #ShopperBehavior

Retail sales activity surrounding the 2024 Easter season reveals so much more than holiday shopping activity. 🛒🛍️ “Current #retail purchase patterns are being led by the consumer,” says Circana’s Marshal Cohen. Are these lasting changes, or merely short-terms reactions to cumulative financial impacts and looming concerns? That is the big question facing marketers as they wrestle with the decision to make their own changes to chase the consumer, or prepare to adjust and ride the waves of change as they come. https://lnkd.in/diXAQwmK #retailtrends #consumerinsights #genmerch #cpg

https://lnkd.in/eXfgMgHJ 🚀 Retailers, the tide is turning! Despite economic hurdles, a Levin Management Corp. survey reveals a vibrant optimism among retailers, with 30% planning new stores in 2024, the highest since 2017. 📈 The secret to thriving? A laser focus on customer experience, loyalty programs, and convenience. With 64.8% hitting or surpassing 2023 sales goals, the future looks bright. Let's discuss: How are you innovating in this evolving market? #RetailGrowth #CustomerExperience #InnovationInRetail 🛍️✨

According to the National Retail Federation, consumer spending increased 2.5% in the first quarter compared to last year. While gross domestic product did not increase as much as previous quarters, consumers continued to spend to start the year. According to Placer.ai data, the following retailers saw visits increase in the first quarter: Q1 visits at Walmart were up 3.9% year-over-year (YoY), and at Sam’s Club, they were up 6.1%. Walmart’s YoY visits were down 2.7% in April, up 7.7% in March, and up 4.4% in February. Sam’s Club’s visits were up 1.9% in April, up 8.2% in March, and up 6.9% in February. Q1 visits at Target were up 3.5% YoY. Visits were up 1.4% in April, up 6.3% in March, and up 5.3% in February. Q1 visits at Costco were up 8.9% YoY. Visits were up 9.2% in April, 10.5% in March, and 10.9% in February. Q1 visits at BJ’s Wholesale Club were up 5.6% YoY. Visits were up 0.4% in April, 9.5% in March, and 8.3% in February.

Retailers are investing in both online and physical stores, creating hybrid shopping experiences aimed at driving consumer loyalty. 🛍️ Our CEO, Jonathan Silver, tells Forbes: "In the face of fluctuating economic tides, 2024 is shaping up to be a year of strategic consumer adaptation. The robust growth in the online sector underscores a consumer trend favoring convenience, with incentives such as complimentary shipping and hassle-free returns proving to be key differentiators." Read the full article 👉 https://lnkd.in/eDWzQfRe #retailintelligence #retailtrends