Beauty Store Business magazine - January, 2020

analysis

Retail Sales Increased 0.6% in November

Holiday shoppers took advantage of deep discounting and early sales to lift retail spending in November, says the National Retail Federation. Not including automobiles, gasoline stations or restaurants, retail sales increased 0.6% seasonally-adjusted over October and 3.2% unadjusted over November 2013. Gains were consistent with NRF’s holiday sales forecast, which anticipates an increase of 4.1% over last year.

NYU Stern Study: Customers Will Pay More for Socially Responsible Products

NYU Stern Study: Customers Will Pay More for Socially Responsible Prod

Sixty percent of consumers are willing to pay extra for a socially responsible product, according to the research of New York University Stern’s marketing department chair Russ Winer and Ph.D. student Stephanie Tully.

Professor Winer and Tully examined the willingness of consumers to pay for socially responsible products in their new paper: "Are People Willing to Pay More for Socially Responsible Products: A Meta-Analysis."