Retail forecasts show consumer spending pressures
The latest in this situation
- A study tracked candy costs over a five-year period.
- NRF data shows that inflation is currently driving up the prices of candy.
- Deloitte and the National Retail Federation unveiled their annual holiday spending predictions.
- Walmart flags spending pressures ahead of the holiday period, informed by a Deloitte survey on retail forecasts.
How it started
Retail Forecasts Show Divergent Views on Consumer Spending and Market Size
What happened
Deloitte and the National Retail Federation released projections on market size and consumer trends. The National Retail Federation expects the back-to-school market to reach $43.3 billion, while Deloitte projected a 6 percent decline to $30.4 billion. Separately, a Deloitte report noted that Australian retailers face pressures from inflation, rising crime, and cheaper overseas competition.
From perthnow.com.au, smdp.com
Why it matters
The differing projections highlight uncertainty in consumer spending, particularly as inflation continues to shape buyer decisions. For Australian retailers, higher operating costs and increased crime are forcing some businesses to reduce inventory.
From perthnow.com.au, smdp.com
Who's involved
- DeloitteReleased projections on market size and consumer trends.
- National Retail FederationReleased projections on market size and consumer trends.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- GoodwillSpeculative
Goodwill might see reduced donations and sales volume due to cautious consumer spending and K-12 market decline.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Walmart may need to deepen value offerings amid cost-conscious shoppersWalmart may face pressure to maintain value offerings amid consumer cost-cutting trendsLikely
- Cautious consumer spending may reduce sales and donations for GoodwillCautious consumer spending may reduce sales and donations for GoodwillPossible
How it developed
Newest first. Tap a step to see who reported it.- NRF data shows that inflation is currently driving up the prices of candy.Sub-event
- Deloitte and the National Retail Federation unveiled their annual holiday spending predictions.Sub-event
- Walmart flags spending pressures ahead of the holiday period, informed by a Deloitte survey on retail forecasts.Sub-event
Both organizations released projections on market size and consumer trends.1 source
Keep exploring
The entities involved
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Deloitte
multinational professional services network founded in 1845
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National Retail Federation
organization