New Year — New View
What Will 2023 Likely Bring for Retail?
In a downloadable report, MasterCard Services has made their predictions about 2023 and what it could mean for retail. Sections of the 29-page report detail the Economic Outlook, Understanding Consumers, Reaching Consumers, Keeping Customers, Paying for Purchases and Shopping In-store and Virtual.
MasterCard looks at trends in a new report
Economic Outlook
Inflation is impacting household budgets as 2023 begins, but the report says consumers are still in buying mode, with a backlog of demand for travel and eating out after the pandemic shut downs. Many consumers will opt for cheaper options and spend less on discretionary retail like furniture, electronics and apparel. One result of the pandemic may be a permanent reduction in in-person shopping.
Regarding understanding consumers, the report emphasizes the need to data to inform retailers' decision-making and flexibility to change with trends. Consumers are increasingly looking for personalized experiences in retail.
Privacy concerns has driven a change in the way some retailers are reaching consumers. Apple's decision to allow iPhone users to opt out of allowing apps to track their activity is a big factor with 96% of iPhone users choosing to opt out. Another factor is websites giving users the ability to opt out of "cookies." These and other factors have caused Retail Media Networks to grow, giving large retailers a platform to sell ads to vendors. Social media and commerce on social media is growing as well. The report expects a 31% increase in social commerce from 2022 to 2030.
The report states that periods of economic change cause customer loyalty to be unpredictable, so rewards programs become more important for retaining customers. Paid memberships is another innovation that the report explores.
How customers pay is of course a big concern to MasterCard, and the report has a section devoted to that subject as well. The payment choices available have exploded in recent years, from bank phone apps to apps like Venmo and PayPal to cryptocurrency, payment is now much more than "cash, check or card?" In a survey, 44% of consumers said they have made a contactless payment in the past year, rather than inserting or swiping a card.
Increasingly the lines between shopping in person and shopping online are blurring as consumers just think of both as "shopping," but each will continue to have their own advantages and unique needs.
Quick Industry News
NEW WHOLESALE WEBSITES
Nebibo just opened their new B2B website. The founders say, "Our mission is to get kids off their electronic devices and out exploring the world. We'd love for you to come on that journey with us. We started this journey when we realized there was no recognizable and reliable snorkeling brand that parents could feel assured their kids would be safe using. We are that brand!" The product is full-face snorkel mask with a 180-degree view and water-tight seal in the patented shark design. The "fin" is designed to seal in the event the snorkel goes under water. Made of non-toxic materials.
Featured Vendors
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About Face Designs
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Established in 1998, About Face Designs has become a benchmark for heartwarming giftware combining originality, creativity, high quality and exceptional value. The company's current line offering encompasses 2800 unique products appealing to a broad and varying consumer base. As About Face Designs continues to diversify into new and exciting product categories, the creative quest to be different is rooted in the vision to "expect the unexpected."
Ala Carte Alice
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Ala Carte Alice's mission is simple: to provide the best products and service to their customers and use the freshest ingredients that they can find. Alice Wooten takes great pride in her company, their commitment to customer service and in the products they sell. Ala Carte Alice’s products include savory sauces, red dog rubs, glazes, relishes and jams. Black and Blue Bacon, Creme Brulee and Sante Fe are just some of the yummy cheese balls Alice offers. In addition, there are mouth watering desserts, party dips and awesome entrees. You have go to try Ala Carte Alice for an excellent cullinary experience!
Badash Crystal
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Badash Crystal, which is proud to offer some of the world's finest mouth blown lead free crystal. The company's factories are renowned for their standards of quality, which can be determined by the weight, and clarity of the crystal. Clear lead free uncut crystal has; over the years become our most popular category and a Badash specialty.
Beach Walks and God Talks
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"Beach Walks and God Talks" is a full-color book by Karen Ellison of Kailua-Kona, Hawaii. The full-color glossy pages of this Christian devotional gift book take your customers on a beach-combing journey where they will find treasures from the sea and for their souls. Each double page spread features an inspirational story set at the beach with stunning photography and enriching sidebars. Your customers will find themselves peacefully reflecting on God's love for them as revealed through His creation. Endorsed by Jim Daly, President of Focus on the Family, they will want one for themselves and more as gifts. It is an especially meaningful Christian Christmas gift.
Doles Orchard
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Based in Maine, Doles Orchard specializes in Custom Woodworking and Laser Engraving Services. The company is dedicated to high quality craftsmanship, timely delivery and customer service. Products include advent calendars, children's creative play, gift boxes, ornaments and more.
Drew DeRose
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Drew DeRose's lines run from tabletop to decorative figurines and include candle holders, cannisters and cookie jars. All products are colorful and original. The company has a creative staff that designs merchandise for Drew DeRose Designs.
EMV Trading
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EMV's products are deeply inspired by nature with an emphasis on creating beautiful lasting memories. The company's vast selection of unique products complements fine jewelry stores or gift/souvenir shop. EMV jewelry is perfect for any occasion, ranging from formal to casual events with specialization in Hawaiian Koa jewelry and also offering: license plates, shells and pearls jewelry, sterling silver/stainless steel/tungsten/wood collections, assorted natural gemstones and stone fashion jewelry.
Evolve Botanica
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Evolve Botanica combines modern skincare with herbal roots. The company features Bath Bombs, Bath & Shower, Lip Balm, Soaps, and more.
Fancy That Gift & Décor
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Fancy That Gift & Decor, Inc. celebrated its 18th anniversary in August, 2019. Owners, Steve and Carmen Mendelson, have used their experience in gift and home decor to build a company that takes pride in providing quality Coastal Decor products and service with the highest levels of integrity always at the forefront.
First & Main
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Since 1993, the goal of First & Main has been to create imaginative, sumptuously soft plush characters with the versatility and value endorsed by our retail partners. Attention to detail in the facial expressions, special features,and textured materials has been our trademark.
Freeheart
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Founded in 2011, Freeheart is based in Sarasota-Bradenton, Florida. Freeheart is committed to delivering the absolute best quality and innovation on the market. Freeheart thermal insulated drinkware is Made in the USA and keeps drinks cold & hot, has reduced sweating, and is dishwasher safe.
The Fudge & Snack People
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The Fudge & Snack People is proud to offer the highest quality, most delicious fudge on the market today. Licensed through the Oklahoma State Health Department, The Fudge & Snack People cook in a commercial kitchen and maintain the highest quality of products.
Gina B. Designs
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Gina B. Designs is an award-winning greeting card, gift and stationery products company featuring exceptional art and design. With an array of styles, variety of products and outstanding customer service, Gina B. Designs has "something for everyone." All products are proudly made in the U.S.A.
Holiday Fried Pecans
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Holiday Fried Pecans' rise in popularity can be attributed to its first treat a salty, sweet 100% certified Louisiana fried pecan that is guaranteed to satisfy the most demanding of cravings. These great tasting pecans that have less fat & calories than raw pecans are a perfect addition to any store. Lightly sweet, Lightly salty and great on Salads, Sweet Potatoes, Ice Cream, Cheese Cake or as a snack. Holiday Fried Pecans...a curious and delicious flashed-fried Louisiana Pecan that's great for corporate gifts givers, retail locations, cooking, baking or solo-snacking!
Hot Ruby
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Hot Ruby is the perfect addition to your mug on a cozy evening. Unlike typical cider, Hot Ruby's family recipe marries cranberry and citrus juices with an exquisite blend of spices. Add your favorite spirits for a special treat! Hot Ruby is certain you will find comfort in every heated or iced cup of Hot Ruby, time and time again.
Huggy Box
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Huggy Box is a great alternative when greeting cards just don't say enough. Sending virtual hugs allows everyone to stay connected. Huggy Box is a Proud Partner of the Dave Thomas Foundation for Adoption. A portion of each HuggyBox sold goes to the foundation to find families for children in foster care.
Jillson Roberts
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Jillson & Roberts was founded with the idea of providing premium quality fashion-oriented gift wrap and accessories, along with superior service, to retailers throughout the U.S. and Canada. We have the commitment to be environmentally sensitive!
JTP Wholesale
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JTP Wholesale is a wholesale website offering monogrammed coasters, IcyBags, and Keeping It Positive affirming sheets and pillowcases.
Leeber Limited USA
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Leeber Limited USA features high-end, yet affordable serveware. Product include Bowls & Dishes, Cake Plateaus, Chargers & Plates, Serving Trays & Platters, Table & Server Accessories, Coffee & Tea Accessories, Wine & Bar Accessories. In addition, there are Children & Baby Gifts, Clocks, Frames & Albums, Jewelry Boxes & Organizers, Trophies & Awards and Wedding Accessories.
Magnolia Lane Collection
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At Magnolia Lane, our desire is to produce gifts that become part of celebrations, memories, and family treasures. Our licensed tailgating products, Christmas line, The South collection, and outdoor decor will enhance and compliment every occasion! We are proud of what we do and are ever grateful and dedicated to our customers.
Mana Mandala Studio
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The website features the art of Damon Delaney from the Big Island of Hawaii. Damon says, "Aloha, growing up all I ever wanted to do was be an artist. Discovering faux and hand-painted finishes has allowed me to bring these techniques to my artwork. Through years of experience in blending colors I’ve come to understand the power that color has on our lives. It has propelled me to a place of creativity that has encompassed my life." Damon works with many different mediums: from artist oils, acrylic, encaustic melted crayon, and most recently, alcohol ink has brought my art to another level offering intense and vibrant colors to his canvases.
Nature's Retreat
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Maryland-based Nature's Retreat features several lines inclucing Aromatherapy Jewelry, Chakra Jewelry, Crystal Healing Bags, Essential Oils and Healing and Smudge.
Nebibo
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Nebibo says, "Our mission is to get kids off their electronic devices and out exploring the world. We'd love for you to come on that journey with us. We started this journey when we realized there was no recognizable and reliable snorkeling brand that parents could feel assured their kids would be safe using. We are that brand!" The product is full-face snorkel mask with a 180-degree view and water-tight seal in the patented shark design. The "fin" is designed to seal in the event the snorkel goes under water. Made of non-toxic materials.
ORL Cares
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ORL™ toothpaste and mouthwash are designed to naturally eliminate the bacteria that causes bad breath and gum disease by penetrating below the gum line for a deeper clean. Organic xylitol, essential oils, organic vitamins, minerals, and a perfect 7.0 pH work in harmony to help clean, protect and restore your mouth's ecosystem, strengthen your teeth enamel and freshen your breath.
Pat Pearlman Designs
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Since 1971, Pat Pearlman has been designing jewelry.
Her work has been influenced by the delicacy and sensuality of Art Nouveau, and the fascinating shapes and variety of the earth’s inhabitants. Her images exemplify her love of nature and gemstones, and her interest in symbolism and simplicity.
Pure Factory Naturals
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Pure Factory Naturals collections, including Flip Flop Foot Repair,Splash. The collection includes lip balm, foot repair, body lotion, hand cream, solid lotion bar, salt glow, skin repair.
Pure Mana Hawaii
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Pure Mana Hawaii Founders Sue Mandini and Kollette Stith bring the wisdom of living close to the land and in harmony with nature's rhythms to the marketplace in their luxury skincare line. Built from the ground up, the brand features wild harvested ingredients and a synergy of raw, wild macadamia nut oil and green coffee bean oil, grown on their family's certified organic farm, Mahina Mele in Hawaii.
Red Carpet Studios, Ltd.
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Red Carpet Studios, Ltd. features All Jazzed Up™ Fashion Accessories for Fall & Spring. A wide range of Giftware for the Home & Garden. Visit our website for New Products & Specials.
Rudolph and Me
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Joe and Sue Brielmann have taken their combined experience of over 28 years in personalized products and design to create one of the fastest growing cart businesses in the country. Their creative ability, attention to detail, and the highest standards for quality and customer support, are among the reasons Rudolph and Me has experienced such huge growth.
Sanis Enterprises
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Sanis Enterprises offers a large selection of elegant and stylish, quality desk clocks, the latest styles in fashion watches, executive gifts, credit card cases and multi tools, just to name a few. Gifts that celebrate life’s special moments.
Singular Premium Products
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Singular Premium Products features Singular hand towels that are crafted to bring the strength and softness of linen to an eco-friendly paper product. Time to throw in the towel? Don't sweat it – Singular smooth linen is 100% recyclable and compostable!
Snazzy & Company
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Snazzy and Company's sea-glass jewelry uses mostly recycled glass and the metals the company selects are environmentally friendly. Founder Anna Shaw researches and designs every charm herself and continues to use local help to assemble and create her jewelry. "Because Life is not Black and White."
Staywell Copper
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Staywell Copper features "the Original Germstoppers," using "the ancient power of copper to naturally keep you healthy." Products include cellphone patches, purse or backpack charms, dogtags, a necklace and more.
Studio B Inc.
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Your Place for 1,000’s of Unique Licensed Posters, Art, Stickers & Collector Pins. An industry leader for over 30 years with the best collection of Music, Movies, Nostalgia, Comics, Art, Anime, Blacklight, Landscapes, etc… Products are available for Resale in Stores, Online, Colleges, Conventions & Anywhere you exhibit!
Sunset Vista Designs
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Sunset Vista Designs offers you extra margin opportunities, and sells thru at retail. They offer innovative designs, in proven products, with space saving merchandising solutions, and attractive package deals that all add value to the quality products we offer. Many say this is the "best ever" line of innovative gift, garden, and home decor.
Ted Dailey Jewelry
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Award winning artist, Ted Dailey, incorporates a variety of materials with his silver and gold vermeil jewelry: South Pacific shells, high quality gemstones and Hawaiian Koa wood. Each unique piece of his jewelry is skillfully designed in the heart of Hawaii, reflects his 40+ years of enjoying life on the Big Island and is handmade on the exotic island of Bali.
Tidy Treasures
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Tidy Treasures develops products that store your child's most treasured items. "Storage spaces for happy faces 😊." Tidy Treasures believes in the balance between play and tidiness. That is why our Storage Trucks are developed to be interactive with your child's play. They are built to foster the connection between playtime and tidying up afterwards. We turn tidy into child’s play!
Tizo Design
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Lines include Tizo and Siena frames in a variety of styles and colors plus elegant candleholders from tea lights to pillar candles. The site also features boxes and trays in a variety of materials.
United Global Products
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United Global Products represents products made in the U.K., including Wade Ceramics, Parks London and Magma London, reflecting a variety of designs and cultures, from traditional British pottery to East and North Africa basalt stone products.
Vintage Girl:
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Inspirational stationery and home decor, featuring the work of owner-artist Michelle DeFillipo. Michelle uses her love of inspirational words, vintage paper, architecture and color to inspire and uplift. Her artwork expresses a range of sentiments from the sincere appreciation of a true friend to self motivation for each day.
White Elephant
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White Elephant has been in the wholesale business for more than 25 years, with a promise of best quality products and prices for their customers. The company's home decor is exclusive, designed and handmade by their own carvers with love and care. White Elephant offers a wide variety of products and there is something for everyone.
Christina's World®
Christinas Clean Creations
The Pocket Plus
Wild Hare Designs