by admin | Nov 23, 2023 | Apparel /Fashion, Brick & Mortar, Holiday, News, Predictions, Retail Economy, Retail Strategy
PHOTO BY PARKER BURCHFIELD ON UNSPLASH In the past year, apparel retailers such as Gap Inc. and Urban Outfitters battled an inventory surplus, forcing them to heavily discount items. This summer, they reported smoother sales, considerably reducing the need for...
by admin | Sep 18, 2023 | Brick & Mortar, Inventory Management, News, Predictions, Retail Economy
Shoppers along the Magnificent Mile shopping district in Chicago, Illinois, US, on Tuesday, Aug. 15, 2023. Jamie Kelter Davis | Bloomberg | Getty Images KEY POINTS The vast majority of adults (92%) have reduced their spending over the past six months, according...
by admin | Aug 15, 2023 | News, Predictions, Retail Economy
Spencer Platt/Getty Images US consumers upped their spending at retailers in July, with retail sales beating expectations with a 0.7% rise month over month, according to Census Bureau data. Year over year retail sales were up 3.2%, in line with the higher...
by admin | Jun 29, 2023 | Brick & Mortar, Consumer Behavior, Merchandising, News, Predictions, Retail Economy, Retail Strategy
Children run to catch a school bus. Inflation continues to eat into parents’ budgets, with many planning to spend more for the same amount of items. FatCamera via Getty Images Dive Brief: With ongoing inflation woes, parents plan to spend 15.7% more this...
by admin | Jun 14, 2023 | Brick & Mortar, Debate, Holiday, Opinion, Predictions
Americans are projected to spend a record $22.9 billion to celebrate Father’s Day this year, following a slightly down year in 2022, according to research from the National Retail Federation and Prosper Insights & Analytics. Father’s Day revenues last year...
by admin | Apr 10, 2023 | News, Predictions, Resources, Retail Strategy, Retail Technologies
As the vernal equinox flips the calendar to Spring, festivals and innovation summits have emerged from hibernation. At the South by Southwest festival in Austin Texas, retail was downgraded from previous headliner presentations to a minor topic, but it did reinforce...