While many of us have yet to think about setting the table for Thanksgiving, most of us can metaphorically smell the roasting turkey and the trimmings that come with it—and so can U.S. retailers.
Sales, sales and more sales. Tis the season for sales and promotions in every aisle of just about every store. But how effective are deep discounts when it comes to the returns? As it turns out, retail promotions work better around Black Friday than at any other time of the year.
Taylor Swift's 1989 has topped the U.S. album charts for a third week running—with over 1.9 million albums sold to date. But sales continue to be only part of the story. On-demand streaming services continue to dominate the news in the wake of Swift’s music being removed from Spotify. Not only are other artists, managers and more weighing in, but YouTube also joined the fray, launching its own long-anticipated premium on-demand service.
Given the wide range of styles and cultures that influence Latin music, the genre offers something for just about everyone. From Marc Anthony’s rhythmic salsas to Daddy Yankee's infectious reggaeton, Latin music is as diverse as its artists, able to bring down the house with everything from twisting tangos to fiery jazz to bombastic thrash metal.
Knowledge is power. While no two people are exactly alike, knowing certain characteristics—age, location, background, gender, income—can help organizations group consumers. For nonprofits, this type of understanding can help them tap into new opportunities by identifying potential donor groups that support their cause.
Long gone are the days of no-frills packaging intended only for those on a tight budget—private labels, also known as store brands, are no longer viewed simply as low-cost alternatives to name brands. Today, perceptions about private label are overwhelmingly favorable—almost three-quarters of global respondents (71%) say private-label quality has improved over time.
Once the last piece of pumpkin pie is eaten, Thanksgiving thoughts that used to turn to naptimes now switch to navigating mall traffic. Many shoppers are looking forward to two of the biggest shopping days of the year—Black Friday and Cyber Monday—eager for deals in-store and online. So just how do these two shopping “holidays” stack up in the battle of the sexes?
Whether it be to satisfy a quick fix on the go or replace a traditional lunch snacks have become much more than in-between-meal indulgences. They’re also a global boon for retailers, as consumers around the globe spend $374 billion on snacks each year. But as James Russo explains, our regional snacking preferences are as individual as we are as consumers.
Optimism runs high in the sub-Saharan Africa countries of Nigeria and Kenya, as both countries' consumer confidence scores remained well above the baseline of 100 in the third quarter of 2014.
Rapid changes in technology are transforming lifestyles—and shopping habits. As a result, some products and aisles are battling long-term struggles while others are thriving. Now, more than ever, the path to brand and store growth requires a thorough understanding of the entire store.