Robust wage growth over the past two years, coupled with improved price stability, has positioned American consumers advantageously for the holiday season. This favorable situation is likely to stimulate significant holiday spending as shoppers take advantage of savings opportunities throughout this ... READ MORE >
NetSuite SuiteWorld 2023: Trends and insights from RSM
Last month NetSuite held its annual SuiteWorld event in Las Vegas, gathering industry leaders, partners and clients from around the world to reflect on the past, explore the present and envision the future of enterprise resource planning technology. The event marked its 25th-year anniversary. RSM's ... READ MORE >
Consumer products holiday season insights: Fading consumer confidence won’t dampen holiday retail cheer
Despite numerous economic challenges, consumer spending has remained remarkably resilient. The U.S. Census Bureau’s release of September retail sales showed strong results, solidifying consumers’ willingness to spend. But with the holiday season approaching, it remains to be seen whether consumers will ... READ MORE >
Back-to-school outlook: Channel surfing bargains
In our four-part blog series, RSM’s senior industry analysts explore back-to-school shopping trends and the impact on consumer businesses. The beginning of the year saw consumers grappling with economic uncertainty due in large part to high inflation, depleting savings and the fear of an impending ... READ MORE >
Have consumers maxed out their spending?
Ominous economic conditions fueled by debt ceiling uncertainty and sticky inflation are taking a toll on consumer confidence while compelling consumer products companies to build resilience in pursuit of profitability. The University of Michigan’s Index of Consumer Sentiment in May fell to 57.7 from ... READ MORE >