Inflation is cooling, but prices on many items are going to stay high for months.
by Melissa Repko & Amelia Lucas Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. Over the past few months, many of the key factors that fueled […]
Valentine’s Day Spending Projected to Increase to Nearly $26 Billion.
by NRF WASHINGTON – Consumers are expected to spend $25.9 billion on Valentine’s Day this year, up from $23.9 billion in 2022 and one of the highest spending years on record, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. “Valentine’s Day is a special occasion to shop […]
Nick Cannon and Skyview Parting Ways
By Radio Ink Nick Cannon took over mornings at Meruelo Media’s Power 106 in June of 2019. He then partnered with Skyview Networks to launch into syndication in early 2020. A report out Wednesday, confirmed by Skyview, states that the show has come to an end. Radio Insight was the first to report the confirmation from […]
Podcasters First Wanted Your Ears. Now They Want Your Eyes Too
By Saleah Blancaflor & Mark J. Burns YouTube is the most preferred podcast platform among regular listeners, ahead of Spotify and Apple, according to Morning Consult data Roger Bennett, one half of the popular soccer duo “Men in Blazers,” skipped onto Manhattan’s Terminal 5 stage in November as his co-host Michael Davies trailed behind, smartphone in hand, recording […]
Consumers Are Cool on Electric Vehicle Purchases
Jim Henry A survey finds that consumers’ interest in EVs is growing but at a slower pace than some hope. Shopper consideration is rising for battery-electric vehicles (BEVs), but it still lags behind manufacturers’ expectations. Deloitte consumer research shows it’s questionable whether consideration is growing high or fast enough to support automakers’ goals, including that […]
Growing Consumer and Business Interest in the Metaverse Expected to Fuel Trillion Dollar Opportunity for Commerce, Accenture Finds
Consumers eager to become active users of the metaverse and show high interest in problem-solving experiences related to fitness, retail, healthcare, travel and media Growing consumer and business interest in the metaverse as a creator economy and tool to enhance day-to-day tasks is expected to fuel a $1 trillion commerce opportunity by the end of […]
Inflation forces mom and pop restaurants and big chains to lean on their unique strengths
by Amelia Lucas As the restaurant industry battles inflation, the large size of chains and their access to cash gives them the upper hand, but independents have advantages of their own when managing higher costs. Feeling the pressure on their budgets, consumers have been cutting back on their restaurant visits in recent months. Monthly same-store […]
Nielsen: Radio Still Best Way to Reach Hispanic Audience
By Matthew Keys A new report from Nielsen reveals AM and FM broadcast radio is the most-viable way to reach U.S. Hispanic audiences. The study, released by Nielsen on Wednesday, showed 97% of all Latinos ages 18 and over listen to AM and FM radio on a monthly basis, compared to 59% of all streaming […]
3 Questions Retailers Must Be Asking Themselves This Holiday Season
By Rohit Shrivastava The last three holiday seasons have each been unique as the pandemic first roiled consumer behavior and then unleashed pent-up demand, all the while playing havoc with the economy. This year, with inflation rising and discretionary spending squeezed, retailers are already preparing for a slower holiday shopping season, and a new set of challenging […]
Winners and losers of Black Friday 2022
By Dani James As COVID-19 pandemic restrictions cooled off in 2022, many retailers may have hoped for a less complicated Black Friday this year. But brewing up a new battle for both brands and consumers, inflation took the stage months before the shopping event began. Heading into the holiday, some estimates showed that while in-store […]
