October 23, 2017

35% of Consumers Booked Travel Through Online Agency

New research from Mintel reveals that only one in eight (12 percent) American travelers has booked accommodations using a home-share website in the past year, rising to one in five (19 percent) for Millennial travelers (aged 23-40). Despite the variety of alternative third-party booking options that have emerged in recent years, it appears that old habits die hard for many Americans. Working directly with a travel provider remains the most popular way to book a trip (40 percent), while 35 percent of consumers have booked travel through an online travel agency.

October 20, 2017

Number of Adults Cohabiting Continues to Rise

As marriage rates have fallen, the number of U.S. adults in cohabiting relationships has continued to climb, reaching about 18 million in 2016. This is up 29% since 2007, when 14 million adults were cohabiting, according to U.S. Census Bureau data. “Roughly half of cohabiters – those living with an unmarried partner – are younger

October 19, 2017

Sales of Pet Treats Outpace Dog/Cat Food During the Past 5 Years

It seems interest in rewarding, and even spoiling, pets may be encouraging higher spending on treats among American pet owners. New research from Mintel reveals that sales of pet treats have outpaced both dog and cat food over the last five years, with treats sales increasing by 29 percent between 2012-17 to reach $4.39 billion. Meanwhile, dog food sales grew eight percent between 2012-17 to reach $11.8 billion, while cat food sales increased 11 percent to reach $6.83 billion during the same timeframe.

October 18, 2017

Midsize Sedans No Longer Vehicle of Choice for Families

After spending 20 of the last 27 years as the best-selling vehicle segment in the U.S., midsize sedans have taken a dramatic downward turn in popularity. Midsize sedans were the top-selling vehicle segment as recently as 2014, but so far in 2017 have tumbled to fifth behind compact SUVs, large trucks, midsize SUVs and compact cars. Market share for midsize sedans is now a meager 10.7 percent — the segment's lowest share since Edmunds began its tracking in 1991.

October 17, 2017

Americans in Rural Areas More Likely to Die by Suicide

Rural counties consistently had higher suicide rates than metropolitan counties from 2001-2015, according to data released in the Centers for Disease Control and Prevention Morbidity and Mortality Weekly Report. Suicide is the tenth leading cause of death in the United States. There were more than half a million suicides during the 2001–2015 study period.

October 13, 2017

Watch Market Faced with Opposing Generational Demands

Less than half of U.S. consumers wear watches, whether daily, occasionally, or limited to special occasions, reports The NPD Group. According to the Consumer Watch Report, a recent report from NPD and their partner, CivicScience, Baby Boomers tend to be daily watch wearers, making them a core consumer for the market, but this segment is displaying the most vulnerability and erosion in sales.

October 12, 2017

Day Spas Get Salty with Clients

"Salt therapy, also known as halotherapy, a venerable treatment in Central Europe and Asia, is now being offered at spas, resorts and stand-alone facilities in the United States in the form of salt beds, salt rooms and salt booths," The New York Times reports. "Floors and walls that are lined with salt blocks and salt crystals, and zero-gravity chairs (recliners designed to relax the back), are the norm.

October 9, 2017

Report Highlights Tech Opportunities for Credit Unions

The explosion of the Internet of Things represents a massive opportunity for credit unions, according to a new report by Javelin Strategy & Research. The white paper discusses how the IoT; connected payments from IoT devices; and new banking technologies, such as biometrics, are impacting the financial services industry.

October 6, 2017

Major Appliance Shoppers Expect Discounts

Seventy-six percent of Baby Boomers will not pay full price when shopping for home electronics, home appliances, furniture, smartphones and vehicles, according to the first in a series of reports by First Insight, a technology company transforming how leading retailers make product investment and pricing decisions.

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