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Deloitte

Consumer splurge spending drives sales

Consumer splurge spending drives sales

NEW YORK — In its latest paper, “For Consumers, Splurges Aren’t Just Lipstick,” based on the ongoing Global State of the Consumer Index, Deloitte asked consumers in 23 countries if they were making purchases to treat themselves, then created a database with nearly 150,000 consumer descriptions of their splurge purchases, including what they bought, how

Deloitte: Holiday retail sales expected to increase 4% to 6%

Deloitte: Holiday retail sales expected to increase 4% to 6%

NEW YORK — Holiday retail sales are likely to increase between 4% and 6% in 2022, according to Deloitte’s annual holiday retail forecast. Overall, Deloitte’s retail and consumer products practice projects holiday sales will total $1.45 to $1.47 trillion during the November to January timeframe. In 2021, holiday sales grew by 15.1% in the same period.

Deloitte study says digital currency is gaining momentum

Deloitte study says digital currency is gaining momentum

NEW YORK —  As consumers progressively purchase a wider spectrum of goods and services via digital currencies, U.S. merchants are reflecting a greater optimism, prioritization and implementation of alternate payments to meet this demand. Deloitte recently surveyed merchants on the factors that are most contributing to the significantly increased adoption of cryptocurrencies to understand shifts

Deloitte appoints Dr. Jay Bhatt executive director of Deloitte Center for Health Solutions

Deloitte appoints Dr. Jay Bhatt executive director of Deloitte Center for Health Solutions

NEW YORK — Deloitte announced Thursday the appointment of Dr. Jay Bhatt, as executive director of the Deloitte Center for Health Solutions and the Deloitte Health Equity Institute. In this role, Dr. Bhatt will direct the research, insights and eminence agenda across the life sciences and health care industry while driving high impact research and

Deloitte invests $750M in Converge by Deloitte

Deloitte invests $750M in Converge by Deloitte

NEW YORK — Deloitte announced Tuesday Converge by Deloitte, an expansion of its ConvergeHEALTH business into the consumer and financial services sectors as part of a $750 million investment in new software platforms, ecosystem and alliance relationships. Converge by Deloitte builds on the success of ConvergeHEALTH, a business borne from the needs in life sciences

Deloitte’s 2022 Retail Outlook: The great retail reset

Deloitte’s 2022 Retail Outlook: The great retail reset

NEW YORK — While current retail industry predictions paint a dire picture—empty store shelves, hiring instability, and rising inflation—with great challenges, come new opportunities. This new reality has opened the door to a long-overdue “great retail reset” that will propel retailers into a more stable, and more profitable, position than ever before, according to Deloitte’s

Deloitte releases annual pharmaceutical innovation report

Deloitte releases annual pharmaceutical innovation report

NEW YORK — The findings from Deloitte’s Center for Health Solutions 2021 analysis suggest confidence in the life sciences industry and the first signs of a reversal in a decade-long decline in projected R&D productivity. The 4.3 percentage point increase in projected returns on investment in 2021 compared to 2020 is the largest annual increase since

Deloitte: Holiday season to offer challenges

Deloitte: Holiday season to offer challenges

NEW YORK — As COVID-19 is set to impact yet another holiday season, a return to some pre-pandemic spending levels is expected to bring holiday cheer. For 36 years, Deloitte has been examining consumer behavior and sentiment ahead of retail’s crucial holiday shopping season. To gain additional perspective on the changing landscape, supply chain challenges

Deloitte: Holiday retail sales expected to increase 7-9%

Deloitte: Holiday retail sales expected to increase 7-9%

NEW YORK — Holiday retail sales are likely to increase between 7% and 9% in 2021, according to Deloitte’s annual holiday retail forecast. Overall, Deloitte’s retail and distribution practice projects that holiday sales will total $1.28 to $1.3 trillion during the November to January timeframe. Deloitte also forecasts that e-commerce sales will grow by 11-15%, year-over-year,

Deloitte looks at retail trends during pandemic

Deloitte looks at retail trends during pandemic

NEW YORK — Deloitte has issued a new report that looks at retail sales during the pandemic called Seven Trends Impacting the Retail and Consumer Products Industries Amid a Global Pandemic and Beyond. Key takeaways include: As of April 2020, eCommerce year-over-year growth was up 68%, surpassing 40% of total retail sales. Convenience continues to reign supreme as more

Deloitte’s 2020 Retail Outlook: Convenience is king for consumers

Deloitte’s 2020 Retail Outlook: Convenience is king for consumers

NEW YORK — Today’s retail environment is continuing to evolve, so understanding consumers’ expectations is more important than ever. With the convergence of supply chain, digital technologies and other innovations, convenience will become an even more crucial piece of the puzzle for retailers in the year ahead according to Deloitte’s 2020 Retail & Distribution Industry

Shoppers to spend about $415 per household over Thanksgiving

Shoppers to spend about $415 per household over Thanksgiving

NEW YORK — Seventy-nine percent of consumers will shop for holiday gifts during the period between Thanksgiving and Cyber Monday, according to Deloitte, which has dubbed the upcoming weekend “the most wonderful time of the year” for retailers. Shoppers are expected to spend an average of $415 over Thanksgiving weekend, with 87% of those who

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