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Retail Round-Up: Promising Predictions for Holiday Sales

Retail Round-Up: Promising Predictions for Holiday Sales

Luxury department stores are seeing a slow and steady rise in sales due to record stock market highs and climbing property values. While most Americans struggle with stagnant wages, the top 5% are stocking up on fine jewelry and accessories from stores such as Neiman Marcus and Nordstrom. (International Business Times)

Which retail giant CEOs have been quitting the game? Notably, Abercrombie & Fitch’s Mike Jeffries will be leaving the declining company to make place for someone new. 41 retail CEOs have stepped down or retired compared to 30 last year, and American Apparel’s Dov Charney was forced out this summer. (Fortune)

For a better understanding of this year’s holiday spending, here’s an infographic that explains consumer habits. Looks like Americans, on average, will spend more than last year. Gift cards are a preferred gift, and using mobile in-store is an unsurprisingly popular trend. (ADWEEK)

Falling gasoline prices are to thank for an increase in U.S retail sales this year. Despite a relatively weak Black Friday, spending on cars rose by 1.7%, along with apparel and electronics. Consumer behavior has also changed, as people are shopping throughout the holiday season as opposed to leaving all shopping to one day. (Huffington Post)

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