A report from The Conference Board is highlighting the extent to which consumers cut back their spending in the past year — and how a reversal of this pattern might be slower than in the past.
Numerator released insights from its Reopening Shopping Behavior Index and finds retailers are still seeing elevated spending levels online, nearly two times higher than 2020 levels.
The annual Shopper Experience Index report from Bazaarvoice finds nearly 60% of shoppers purchased private brands because they liked the product, more than shoppers buying just on price.