Bain Forecasts Nominal U.S. Holiday Sales Gain

Bain & Company forecasted nominal U.S. retail sales to slow this holiday season, with the lowest growth rate since 2018. Unadjusted seasonal sales are expected to grow 3.0 percent year-over-year (YoY) in November and December, reaching nearly $915 billion, with 90 percent of the growth coming from non-store (e-commerce and mail-order) sales.

Nike Rise Store to Open in Birmingham, England

Nike plans to open a Nike Rise concept store in Birmingham, its second to open in the U.K. and the first outside of London, according to Hammerson, the British property development and investment company that owns Bullring.

Alpha Industries Hires Director of Marketing

Samantha Goretski’s background includes working for Nike and New Balance and seven years with Vans in California and Switzerland as brand marketing director, overseeing its EMEA region’s lifestyle and action sports categories.

Gartner Survey Points to Softer Holiday Spending

According to a survey of 302 consumers conducted in June by Gartner, Inc., only nine percent of respondents said they plan to spend more this holiday season than in 2022, with 28 percent saying they will spend less and 63 percent saying they would spend the same.

Nordstrom Adds Board Member

Nordstrom, Inc. appointed Guy B. Persaud to its Board of Directors, effective immediately. Persaud is president of the new business unit at Procter & Gamble.