What’s hot in retail – February ’13

Be the first to comment | This entry was posted in Research

width=The shortest month of the year didn’t lack for news in the retail industry. February marked a step toward supply chain stability after a contract agreement was ratified at the Ports of Los Angeles and Long Beach, just weeks after groups at the East Coast and Gulf Coast ports made their own contract resolution. A week prior, a new bicameral and bipartisan Marketplace Fairness Act was introduced, marking a big step toward a level sales tax play field for online and brick-and-mortar retailers. The Marketplace Fairness Coalition was launched at the same time and includes a long list of stakeholders dedicated to advancing the Marketplace Fairness Act. All this with President Obama’s State of the Union Address packed right in the middle. Read on for what else your peers found valuable last month.

NRF Information:

  • NRF’s 4-5-4 calendar was February’s most-read resource. This voluntary reporting guide ensures sales comparability between years by dividing the year into months based on a four-weeks/five-weeks/four-weeks format.
  • Even as one of the biggest gift-giving holidays, this year’s Valentine’s Day consumer survey showed Americans were still spending cautiously. Over one-quarter of those celebrating planned to shower loved ones with gifts, which was a new 10-year high. One of the more notable stats was the difference in average spend between men and women. Men surveyed said they expected to spend an average of $175 on jewelry, flowers, and more for the holiday, while their counterparts would spend approximately $88 on Valentine’s Day gifts.
  • Shortly after Valentine’s Day came NRF’s annual tax returns survey. The data showed that due to payroll tax changes, nearly three out of every four Americans were adjusting their spending plans. A smaller paycheck has prompted consumers to rethink their household budgets, with 45 percent indicating they will spend less overall and another 35 percent searching for sales more often.
  • RAMA‘s annual Super Bowl consumer survey hit a nine-year record as more than 179 million people planned to watch the big game. For those celebrating, the average game watcher expected to spend $68 on new televisions for viewing parties, snacks, décor, and more.
  • NRF’s digitally enhanced Annual Report is a month-by-month look at NRF events, policy milestones and new initiatives within NRF’s communities. Check out what happened each month at NRF last year and share you favorite stat or story.

Top blog posts from Retail’s BIG Blog and Shop.org:

Top retail news stories in NRF SmartBrief:

Posted in: Research and tagged
Interact: Permalink | Post a comment

Post a Comment

  • Posting Policy

    NRF welcomes intelligent discussion and debate from our community. We do insist that all comments must be expressed in a mature and civil tone of voice. Individuals posting rude or otherwise inappropriate material will lose their access to the discussion.

    Thank you,

    Note: While anonymous comments are welcome, they are also moderated and may not be posted immediately. If you don't see your comment, please be patient, as it will be reviewed and posted soon if appropriate. Please do not post your comment a second time. Thank you.

Your email is never published nor shared. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>