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Category: Industry Releases

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spring break spending 2017

Four Industries to Benefit from Increased Spring Break Spending in 2017

After a long winter of late-night study sessions and microwaved meals, millions of US college students are setting aside their textbooks and heading out on spring break adventures. Whether it is a road trip along the West Coast or a beach-side getaway in Miami, more than half of the nation’s 20.9 million college students are […]

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Hoppy Go Lucky: Craft Beer vs. Cider on St. Patrick’s Day

Hoppy Go Lucky: Craft Beer vs. Cider on St. Patrick’s Day

On March 17, millions of Americans celebrate St. Patrick’s Day with festivities full of shamrocks, leprechauns, parades and beer. While Guinness, an Irish beer, remains a popular choice on this holiday, consumer tastes have been trending toward artisanal beer with finer ingredients and a wider variety of flavors than traditional beers. Over the past five […]

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oscars 2017 nominations

Oscars 2017: How Movie Theaters Fare After the Nominations

  On January 24, 2017, the nominees for the 89th Academy Awards were announced over the first-ever global live-stream, hosted by esteemed actors, actresses, writers, directors and the president of the Motion Picture Academy of America.  However, before the nomination announcement had even finished, the Academy’s choices were already a lightning rod for conversation. La […]

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Broken Heart: Valentine's Day Spending Expected to Fall in 2017

Broken Heart: Valentine’s Day Spending Expected to Fall in 2017

Consumers will leave retailers brokenhearted this Valentine’s Day, as IBISWorld anticipates holiday spending to contract 2.3% in 2017. Although the average consumer is only expected to cut their Valentine’s Day spending by $0.96 this year, the overall decline in holiday spending will stem from a drop in the number of shoppers participating in the special […]

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Game Time: Sector Spending on Super Bowl Advertising

Game Time: Sector Spending on Super Bowl Advertising

In 2016, 111.9 million people tuned in to witness the Denver Broncos defeat the Carolina Panthers in the historic Super Bowl 50. However, the milestone faceoff was especially significant in terms of advertising, as costs for a 30-second midgame commercial averaged $5.0 million. This record is anticipated to be exceeded in 2017 as despite consistent […]

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Merry and Bright: Three Markets to Benefit from Holiday Spending

Merry and Bright: Three Markets to Benefit from Holiday Spending

With total holiday sales expected to rise 4.1% in 2016, it appears retailers have made it back on Santa’s “nice list.” Shoppers will spread holiday cheer, as higher levels of disposable income are expected to lead to greater holiday spending. While outdoor temperatures steadily drop, mall foot traffic, online orders and overall retail spending will […]

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Spooky Spending: Demand for Halloween Items to Rise

Spooky Spending: Demand for Halloween Items to Rise

Through a variety of tricks, treats and seasonal traditions, more than 171.0 million Americans are expected to get into the Halloween spirit this year. In 2016, Americans are anticipated to spend an average of $82.93 on the holiday, according to the National Retail Federation (NRF). This constitutes a 22.8% increase in holiday spending compared with […]

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5 Industries Cash In on Pumpkin Spice Craze

5 Industries Cash In on Pumpkin Spice Craze

Pumpkin spice flavored food, drink and other miscellaneous products have inundated the autumn product lines of several key industries for quite a few years now. This year, the trend seems to be back in full force even before the leaves turn brown; by mid-August, several stores and coffee shops began advertising pumpkin-spiced everything, effectively ushering […]

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Back to School: 2016 Spending to Rise as Prices Increase

Back to School: 2016 Spending to Rise as Prices Increase

Parents and students are expected to spend $27.3 billion on back-to-school products this year, based on estimates from the National Retail Federation (NRF).  Back-to-school spending has increased since 2013, as per capita disposable income levels improved and families were more willing to spend on new clothes, electronics and other products for their school-age children. The […]

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Stars, Stripes & Dollar Bills: Independence Day Breakdown

Stars, Stripes & Dollar Bills: Independence Day Breakdown

This Fourth of July, America turns 240 years old, and consumers across the country will celebrate with barbecues, fireworks and festive decor. According to the National Retail Federation (NRF), almost two-thirds of Americans plan to celebrate Independence Day this year. Holiday festivities include family road trips, community cookouts, local parades and firework displays of varying scale. […]