Is the love affair with gift cards still going strong or have consumers found new places to spend holiday money? Sarah Quinlan, SVP, Market Insights for Mastercard, expects gift card sales to remain strong right through Christmas.
National Retail Federation forecasts 3.6% US retail sales growth to $655.8 billion — significantly higher than the 10-year average of 2.5%. E-commerce sales will grow between 7%-10%. Bain Capital says retail sales could grow up to 4% and SeekingAlpha predicts online sales will increase 17.2% this year.
Who's innovating in loyalty and member reward programs around the globe? We profile Shangri-La, Target, Nordstrom, Expedia, Ahold, Togo's Eateries Delta Airlines and Walgreens.
Cashback News – Aug 29: Innovators: Which US retailers are winning with artificial and virtual reality for customer impact?
Here's a collection of innovative retailers using augmented and virtual reality technologies in showrooms, changing rooms, for in-store entertainment, product information, sales, on mobile apps, Pokémon Go strategies and much more. Impressive!
Retailers struggled to grow in-store revenue but e-commerce shone brightly for many US retailers, up 16% in Q2 2016 according to the US Department of Commerce.
With all the negative news about retail results in the first quarter 2016, Nordstrom had less than impressive sales instore but had excellent results with its e-commerce properties in 2015. 2015 overall company sales were up only 2.7%. Bricks and mortar sales ...