Salesforce’s Post

Retailers can expect another busy peak in 2023. Overall retail spending during this year's holiday shopping season is projected to increase by 4.5% to $1.328 trillion, while retail e-commerce sales are expected to grow by 11.9% Retailers that take a proactive approach to peak season planning can use the holidays as an opportunity to expand their customer bases, boost brand loyalty, increase revenue, and deplete year-end inventory. Use these strategies to position yourself for a successful peak season. #holidayshopping #peakseason #ecommerceshipping #peak2023

Per National Retail Federation predictions and surveys, 74% of shoppers intend to shop this weekend. Just under half shopped deals in October, but much shopping is left to be done this holiday season, with 25% of gifts bought total so far. #retail #holidayshopping #blackfriday #thanksgiving2023 #thanksgiving https://lnkd.in/gF2uQ_5i

Great article with some interesting stats related to consumer spending. There are some interesting generational trends I notice such as quality becoming more important and prices less-so, or the fact that Millennials and Gen Z seem to be more interested in paying with debit or in cash than previous generations. I haven't spent a lot of time analyzing this but we could see some interesting changes in spending long term!

US holiday shopping 2023: Consumer caution and retailer resilience. The final stretch of an increasingly long holiday shopping season is critical for retailers, particularly as consumers focus on value and new shopping journeys. #holidaygifts #holidayshopping #2023trends

Exciting News for the Retail Industry! The holiday season is just around the corner and it brings promising tidings for retailers! The anticipated 3.8% growth in U.S. retail sales is like a ray of sunshine, illuminating a bright future for businesses in this sector. Eight out of ten shoppers are planning to maintain or even increase their spending compared to last year. Talk about confidence! This surge in consumer sentiment surpasses expectations and shows a positive trend, leaving behind the doubts of 2022. This pivotal period during the holiday season presents a golden opportunity for businesses to thrive and excel. Let's make the most of it and spread some holiday cheer! #Retail #HolidaySeason #ConsumerConfidence

Despite a drop in retail sales in October, the first in seven months, expectations are high for a surge in consumer spending over the Thanksgiving weekend. This period marks the start of the holiday shopping season. According to the International Council of Shopping Centers (ICSC) #ConsumerSpending #HolidayShopping #RetailSalesBoost #Thanksgiving2023

“Shoppers continue to remain optimistic about the upcoming holiday shopping weekend despite inflation,” said Tom McGee, President and CEO of ICSC. “While they expect to encounter higher prices this holiday season, they’re turning to smart and savvy shopping techniques to make sure they’re getting the best deals on the things they buy to maximize what they have to spend. We anticipate increased consumer spending and a strong shopping season for retailers during Thanksgiving weekend.” Ninety percent of shoppers plan to visit a store to buy an item or pick up an online purchase, and among physical stores, eight-in-10 shoppers plan to visit a retail marketplace during Thanksgiving weekend. Most expect to shop and dine, but this year, more consumers also plan to attend holiday-themed events. #holidayshopping #retail #Thanksgiving #blackFriday #storyfanatics #icsc https://lnkd.in/gQx4vhEx

Consumers used both online and in-store channels, with 121.4 million visiting physical retail locations to browse items and make in-store purchases. Online shoppers totaled 134.2 million, up from 130.2 million last year #christmas2023 #holiday2023 #cybermonday #blackfriday2023 #blackfriday #blackfridaydeals #thanksgiving2023 #thanksgivingday