According to the annual survey conducted by the National Retail Federation (NRF), back-to-school and back-to-college spending in the U.S. is projected to generate $83.6 billion, an increase of over 10% from last year.
J.C. Penney Co Inc said it was opening toy shops in all its stores and was planning to have a bigger assortment of toys available in time for the holiday season, as it seeks new avenues of growth amid weak sales.
It’s official, Britons are now spending money using debit cards more often than cash. It hasn’t quite reached the almost-cashless level that countries like Sweden have achieved, but cash is definitely less important.
There are plenty of big question marks over whether Britons are ready to spend or save at present but the latest footfall figures from Ipsos Retail Performance showed that in June they were prepared to go out and browse.
Debenhams’ transformation into a hub for ‘social shopping’ could see it taking a new approach to its ads, according to industry insiders. It is reviewing its agency which could see a change from its Found It campaign.