As the digital buying experience grows in importance, companies must focus on their technology platforms. … READ MORE >
Consumer products
NetSuite SuiteWorld 2023: Trends and insights from RSM
RSM’s consumer products senior analysts provide insights and key takeaways from SuiteWorld 2023. … READ MORE >
Consumer products holiday season insights: Fading consumer confidence won’t dampen holiday retail cheer
It remains to be seen whether consumers will continue their strong spending or begin to pull back in light of financial pressures. … READ MORE >
Consumer products holiday season insights: Shopping growth to be lower, but still strong
RSM forecasts nominal retail sales from October through December 2023 will increase nearly 5.0% on a year-over-year basis. … READ MORE >
Consumer sentiment hits 5-month low amid elevated inflation expectations
Consumer sentiment this month dropped to the lowest since May. The decline stems from the rebound in inflation and weakened expectations due to a looming government shutdown. … READ MORE >
Back-to-school outlook: What can we expect for holiday shopping?
If July’s retail sales are any indication, this year’s holiday sales will be largely focused on individual product categories and consumer spending by income level. … READ MORE >
Consumer products M&A cooled in the first half
Merger and acquisition activity among consumer products companies took a breather in the first half of the year as valuations were reset amid rising interest rates. … READ MORE >
July retail sales show upside surprise, helped by discounting and back-to-school events: RSM analyst perspective
Retail sales rose 0.7% in July from the prior month, beating analysts’ expectations for a 0.4% rise, likely driven by a series of July discount events at major retailers and the start of back-to-school shopping. The rise marked the fourth consecutive month of increases.
Stripping out spending on gas, food, autos and building materials, retail sales increased by 1.0%, double analysts’ expectations for a 0.5% increase, according to Commerce Department data released Tuesday. This control group is a key barometer for discretionary spending. … READ MORE >
Robust retail sales data in July raises Q3 GDP forecast
American consumers continued to show a robust spending appetite in July as sales from retail and food services came in much hotter than expected. … READ MORE >
Back-to-school outlook: Inventory levels point to sustained discounting strategies
Retailers will continue discounting through the back-to-school shopping season and beyond. … READ MORE >