5 retail trends to watch during the holiday shopping season

The 2023 holiday shopping season is fast approaching, and the expectations are for a sluggish season. Surveys from numerous consumer watchdogs suggest consumers continue to cut spending and plan to be frugal during the holidays. While growth is expected, the low to mid-single-digit pace aligns with inflation, which has underpinned the top-line for retailers the last two years. As it is, volume is expected to remain relatively flat; the question is, which retailers will see the most shoppers and produce the best margins? 

eCommerce Will Be the Area of Strength

Total sales for November to January are expected in the low single digits, but eCommerce will more than double that pace. eCommerce is supported by widening Internet use, deepening penetration of existing users’ retail spending, and a lean into DTC by many consumer goods manufacturers. Nike NYSE: NKE is an excellent example, as it has used DTC and digital to invigorate a new age of growth. 

itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business and their stores to improve financial performance and compete more effectively with the “Amazons”.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
itim Group plc

More articles like this

itim Group plc

itim’s Unified Retailing

itim provides omni-channel retailers with a Unified Retail platform designed around the customer, that leads to increased sales and profitability. itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to

itim Group plc

Understanding itim’s vision and mission for Unified Retailing

itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business

itim Group plc

Growth predicted in US retail sales, UK consumer confidence

Last week, the retail economic indicators were cautiously optimistic, with decent growth predicted for US retail sales in 2024 and bright spots in UK consumer confidence in March. The industry learned through surveys that store employees

itim Group plc

How retailers can embrace future technology trends

Perhaps the single most effective thing retailers can do in 2024 and beyond is to acknowledge that aspirations and consultative conversations have overtaken reality. If a retailer wishes to take advantage of the latest and greatest

itim Group plc

Top 25 inspirational Women Leaders in US retail 2024

Retail leaders from Saks, Google, Coach, Ulta Beauty and Olaplex were among those named in the third annual list of the 25 most inspirational women leaders in the US. The list is picked by three business networks — the

itim Group plc

Top 10 retail trends shaping the future of shopping

The retail sector has witnessed significant transformations over the years, driven by technological advancements, changing consumer preferences, and global economic shifts. As we navigate the future of shopping, it is imperative to recognise and adapt to

itim Group plc

How AI is revolutionising Retail with inventory management and forecasting

Artificial Intelligence (AI) is revolutionising the retail industry, fundamentally changing how businesses operate and interact with customers. With the integration of AI-powered technologies, retailers can enhance customer experiences, optimise operations and drive revenue growth. Keep reading

itim Group plc

itim Group signs game-changing deal with QUIZ Clothing

In a bustling era where high street meets digital, Itim Group PLC, a pioneering force in retail technology, has inked a groundbreaking contract with QUIZ clothing, a beacon in the fast fashion industry. This announcement, heralding

itim Group plc

January retail sales rise 3.8% YoY

In the segments covered by Retail Dive, retail sales in January rose 3.8% year over year, based on figures released Thursday by the U.S. Department of Commerce. Various analysts deemed this a decent performance, but one