Holiday sales increased 5% over last year, according to Mastercard SpendingPulse report, marking the largest year-over-year increase since 2011. Christian Magoon, CEO of Amplify, and Melissa Gonzalez, CEO and Founder of Lion'esque Group, join The Long and The Short to recap retail in 2017 and make predictions for 2018.
According to the Mastercard survey, aggressive promotions early in the holiday season were the main driver for the uptick in retail sales. As for the specific categories that saw growth: sales of electronics and appliances increased by 7.5%, and home furnishings and improvement sales jumped 5%. However, women's apparel was negative over the entire year.
Magoon believes mobile commerce is growing by leaps and bounds, which is a direct result of retail sales going up. This is a white-hot growth opportunity for retailers, as smart devices, faster internet, and more trusted mobile payment technology push mobile sales above desktop or foot-traffic. Gonzalez says that retail stores need to start offering perks to their shoppers to get them in the store. Additionally, aggressive discounts were a main driver this year.
Our celebration of Pride Month continues here on Cheddar News, with a special segment on New York-based photographer Thomas Evans and his efforts to promote unity & equity.
Pop star Bebe Rexha was hit in the face and injured by a cellphone hurled from the audience at a hometown show in New York City Sunday night, and a man was arrested, police said.
Cheddar News is continuing our celebration of Pride Month as we highlight trail blazers throughout the LGBTQ+ community. Cheddar's own Baker Machado recently had the opportunity to sit down with the editor-in-chief of Them, a magazine that covers everything from culture to politics to fashion within the LGBTQ+ community.
If you're stressed out, worried, or just need to let off some steam, consider trying out smash therapy. Our own Shannon LaNier is on the scene to try it for himself.
OceanGate Expeditions on Thursday said pilot and chief executive Stockton Rush, along with passengers Shahzada Dawood and his son Suleman Dawood, Hamish Harding, and Paul-Henri Nargeolet “have sadly been lost.”
Americans across the country this weekend celebrated Juneteenth, marking the relatively new national holiday with cookouts, parades and other gatherings as they commemorated the end of slavery after the Civil War.
