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online sales

U.S. online retail sales projected to top $1 trillion in 2022

August 15, 2022 by 2022, Issue 08-15-2022, Issues

WASHINGTON — The Retail & Consumer Products practice at FTI Consulting projects U.S. online retail sales will reach $1.07 trillion in 2022 despite increasing concerns among shoppers about the condition of the economy and personal finances. The milestone, which FTI Consulting projected prior to the COVID-19 pandemic would be reached in 2025, is an increase

In-store holiday sales start sluggishly

December 14, 2020 by 2020, Issue 12-14-2020, Issues

NEW YORK — As expected, consumer caution stemming from an ongoing surge in COVID-19 cases combined with early promotions by retailers resulted in dramatically lower foot traffic and higher online sales during the Thanksgiving weekend. According to the annual survey conducted by Prosper Insights & Analytics for the National Retail Federation (NRF), the number of