Retailers should expect a ‘Ho-Ho-Hum’ holiday 2022

The National Retail Federation just released its Holiday 2022 forecast predicting that November and December retail sales will advance between 6% to 8%. This comes on the heels of a 13.5% increase last year. Its forecast excludes automobile dealers, gasoline stations and restaurants.

Recognizing that last year broke all historical records, NRF president and CEO Matthew Shay called out the average 4.9% increase seen over the past decade to declare, “Consumers remain resilient and continue to engage in commerce.”

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
itim Group

More articles like this

itim Group plc

The top retail trends in 2023

The retail industry is reshaping the shopping experience in 2023, redefining not only how we shop and sell, but where we shop and what we buy (a mimosa while shopping, anyone?). The cutting-edge retail trends below are guiding

itim Group plc

How AI will take over the retail industry

Artificial intelligence is proliferating and it’s here to stay. For retailers, they need to keep up with evolving technology to stay relevant and avoid collapsing. This includes embracing AI technology. So says one investment banker. He explains how.

itim Group plc

Future of retail

What separates successful retail and consumer packaged goods brands from those that struggle in today’s highly interconnected, fast-paced, and data-driven world? We asked the question to innovative retailers and retail experts, who provided their analysis and guidance on five major

itim Group plc

Retail focused itim posts modest growth

AIM-listed itim Group plc, which provided SaaS solutions for store-based retailers has announced modest growth for FY22 (ended 31 Dec 2022) amidst a difficult trading period. Group revenues increased by 4% to £14m, with Annual recurring revenue (“ARR”) of

itim Group plc

itim Group excellent progress made in 2022, revenues up 4%

itim Group plc (LON:ITIM), a SaaS based technology company that enables store-based retailers to optimise their businesses to improve financial performance, has announced its audited results for the year ended 31 December 2022. Financial Highlights ·      Group revenues increased by 4% to £14

itim Group plc

Retail in 2023: How will retail respond?

In this webinar, we will break down the data from Q1 so far to analyze how the retail sector is performing and which tactics and trends could define success going forward.  Key Takeaways: Have a quantitative understanding of

itim Group plc

Buy now, pay later explodes in grocery

Online grocery shoppers are turning to buy now, pay later (BNPL) programs offered by retailers at a blistering pace as they cope with turbulent economic conditions, according to Adobe Analytics data released Wednesday. The percentage of online BNPL transactions

itim Group plc

itim appoints new director the Board

The chief executive of a brand management and licensing agency business has joined the board of listed retail technology company itim Group. Damian Hopkins has been appointed to the Board of Directors as Non-Executive Director, effective immediately. Damian

itim Group plc

Retail sales up 7.7% in February

Retail sales in the categories followed by Retail Dive were robust in February, rising 7.7% year over year, with e-commerce up 8.5%, according to numbers released Wednesday by the U.S. Department of Commerce. February tends to be the slowest month

itim Group plc

5 tech investments that reflect real-world retail trends

1. The in-store experience is ripe for both basic and inventive improvements. Looking at market size and where traditional retailers are going to get the largest return on investment, improving the in-store experience is still, by far, the

itim Group

itim Group appoints Damian Hopkins as Non-Executive Director

itim Group plc (LON:ITIM), a SaaS based technology company that enables store-based retailers to optimise their businesses to improve financial performance, has announced the appointment of Damian Hopkins to the Board of Directors as Non-Executive Director, effective immediately.

itim Group

What brands need to know: Social marketing in 2023

Search and display advertising aren’t the only parts of the marketing landscape that have changed over the past three years. As various social platforms have waxed and waned and mechanics and dynamics have shifted, brands are making new choices about

itim Group

US retailers prepare for a new normal this year

American retail executives are hoping for stabilisation in 2023 after a rocky 2022 beset companies with continuous challenges, including unpredictable customer demand. The week in retail earnings in the US made clear that cost of living and inflationary

itim Group

Steady growth for retail technology firm

itim Group, a technology company that helps store-based retailers to improve financial performance and compete with online rivals, has reported “steady revenue growth” in 2022. However, EBITDA is set to fall below current expectations. In a trading update,

No more posts to show