The number of millionaire households in the United States has grown by more than 800,000 over the past five years and by more than 1.3 million since 2006.
For the first time since 1010data began tracking the market, online CPG sales surpassed $10 billion. Many of the largest product categories within CPG, including health supplements, pet care and cosmetics, each generated more than $1 billion in sales.
The average number of TVs in homes is on the decline, while younger households have higher concentrations of broadband-content access devices.
According to a new study by Polygon, the retail jewelry industry in the United States continued to adapt to falling diamond prices, high numbers of jewelry store closures, and an industry-wide liquidity crunch in 2016.
"As the Baby Boomers' slow but steady exodus from the workforce continues, the Second Wave Millennials continue entering the workforce in droves."
Mobile is no longer an optional marketing strategy for ecommerce businesses; it is a necessity, but many online businesses have yet to master the implementation and optimization of a mobile- first mentality.
As new technology was introduced to automate message personalization, many retailers were quick to jump on board, serving up product recommendations on-site, in emails and in display ads.
According to the The National Retail Federation forecast for 2017, by Treacy Reynolds, NRF press, retail industry sales will grow between 3.7 and 4.2% over 2016.
According to L2's Digital IQ Index Financial Services, written by Elisabeth Rosen, time spent on mobile has increased 62% in the last three years, and mobile users now expect certain features to be available at their fingertips.
With 30-second (Super Bowl) spots going for around $5 million, says the report, and with more than 100 million viewers tuning in, advertisers and marketers need to know what strikes an emotional chord and what drives engagement across social media to further amplify their message and optimize the value of their creative.