5 Technology Trends to Watch in 2016

Advancements in technology have allowed manufacturers to develop and sell devices with the abilities to do just about anything. In 2015, we were introduced to the iWatch, a hoverboard, and 3D printers in our homes, but what’s in store for 2016? Follow along in this blog to learn about five technology trends that will drive the consumer electronics market in the coming year.

Topics: Software & Enterprise Computing Computer Hardware & Networking Industry Insights

Top Trends Shaping the Travel Industry

The travel industry is undergoing tremendous change. Social media is opening up new creative ways for travel companies to market to consumers and broaden their reach. At the same time, mobile shopping is skyrocketing, forcing industry players to adapt quickly in order to capture the sales of on-the-go shoppers.

Perhaps most importantly, the sharing economy is now a multibillion dollar market and one of the fastest growing segments of the travel industry. Some analysts speculate that disruption is the “new normal” in the travel industry. To learn more about these shifts, read the blog post below.

Topics: Travel & Leisure Industry Insights

WebRTC and the Emerging Communications-Enabled Ecosystem

There is a big migration underway from traditional voice to data. This is not to mean that voice goes away in favor of only non-voice services. What this really means is that traditional circuit-switched (bearer) is going away and thus traditional voice calling plans. One of the key technologies that will help drive this migration is WebRTC.

Topics: Software & Enterprise Computing Industry Insights

5 E-Commerce Trends That Are Driving the Market

Like all digital technology and consumer-driven markets, e-commerce has evolved over the years. With the global growth of B2C e-commerce, retailers face new challenges and opportunities. In order to meet customer demands, companies have adapted their strategies to fit current trends. This blog covers the top five trends that have carried e-commerce through 2015 and will continue into the new year.

Topics: Retail E-commerce & IT Outsourcing Industry Insights

Competition Heats Up Among Organic Food Retailers

Once a darling of Wall Street, the Whole Foods brand is facing increasing competition in a rapidly changing marketplace. Some investors have sarcastically nicknamed the company “Half Foods,” because its shares have dropped 31 percent this year. To remain competitive, Whole Foods recently announced plans to reduce its workforce by 1.6 percent, or 1,500 jobs.

Although Whole Foods has struggled recently, the natural and organic foods market has experienced strong, steady growth overall. Last year, retail sales of natural and organic foods and beverages rose 5.5 percent to nearly $53.5 billion. That figure is 53 percent higher than sales in 2009, according to Packaged Facts.

Topics: Food & Beverage Industry Insights

U.S. Construction Spending at Highest Level Since 2008

In September, construction spending reached its highest level in 7-½ years, according to U.S. News & World Report. On Monday, the Commerce Department reported that construction increased 0.6 percent to $1.09 trillion.

The construction of single-family homes rose 1.3 percent, and the construction of condominiums and apartments grew 4.9 percent.

In fact, the apartment and condominium construction industry has had one of the quickest recoveries within the residential construction industries since 2010, according to IBISWorld.

Topics: Manufacturing & Construction Industry Insights

Can Macy’s Capture Bluemercury’s Success?

Bluemercury, a brand that describes itself as a luxury apothecary and spa chain, has made a name for itself by offering customers a personalized beauty shopping experience. Based in Georgetown, Washington, D.C., Bluemercury operates 61 stores around the U.S, with 12 more scheduled to open later this year. So what is the secret to Bluemercury’s success?

“We are really trying to deliver very high customer service,” says co-founder and CEO Marla Malcolm Beck. “If you look at the department stores and the way their cosmetics departments are structured, it is all brand by brand. And employees are paid by the brand. So if you go to the Clinique counter in Macy’s or Neiman Marcus, they are going to sell you Clinique products, period.” 

Topics: Cosmetics & Personal Care Retail Industry Insights

Oprah Buys 10% Stake in Weight Watchers International

Oprah Winfrey is shaking up the $65 billion U.S. weight loss market. Last week, she bought a 10 percent stake in Weight Watchers International and joined its board of directors. As a result, the diet company’s stock more than doubled in value.

Oprah’s endorsement comes at a critical juncture for the struggling company, which has experienced 10 straight quarters of declining sales. More and more consumers are turning to high-tech activity trackers and Smartphone apps to manage their diets, and some investors question whether Weight Watchers can remain relevant in an increasingly competitive environment.

Will Oprah’s endorsement help turn around the company’s flagging revenue, or do the problems at Weight Watchers extend too far? In this article, we turn to research firm Marketdata Enterprises for some possible answers.

Topics: Food & Beverage Industry Insights

Why Millennials Are Reshaping the Luxury Market

The U.S. luxury market is the largest in the world. According to the Federal Reserve Bulletin, the total number of millionaire households in the U.S. is 11.53 million. Because affluent shoppers have the highest potential to spend, they are key players in the consumer economy. It’s no surprise that a variety of companies target affluent consumers — from credit card companies like MasterCard to luxury brands like Chanel.

Topics: Retail Demographics Marketing Industry Insights

Chocolate Halloween Candy: The Top-Selling Treat

Chocolate candy is the most popular item given to trick-or-treaters. Last year, seasonal chocolate Halloween candy generated nearly $217 million in sales, up 12 percent from the previous year, according to consumer research firm Packaged Facts.

Chocolate candy sales have continued to rise, not just on Halloween, but throughout the entire year. In 2013, the U.S. market for chocolate candy was an estimated $21 billion, and it is expected to exceed $26 billion by 2018. A variety of factors are helping to drive sales of chocolate candy. Read on to learn more

Topics: Food & Beverage Packaged Facts Holiday Industry Insights