According to a research report from the retail team at Bain & Co., nominal U.S. retail sales are pegged to see a 4 percent increase, year-over-year, in 2025 — “barring major macroeconomic or geopolitical shocks,” the firm noted. The report also included “resolutions” that successful retailers are focusing on this year. “That equates to around … Read more
Direct-to-consumer retailer Quince is all about quality, sustainably made products elevating life at an affordable price. Launched in 2018, the lifestyle brand’s goal has been to create products of equal or greater quality than leading luxury brands and offer them to consumers at a lower price — and that means disrupting traditional supply chain models. … Read more
The National Retail Federation expects retailers to hire 400,000 to 500,000 seasonal workers this holiday. Onboarding is a challenge. But more troublesome is a new statistic that shows a high rate of worker injuries. According to Sentry’s “2024 Retail & Wholesale Injury Report,” 38 percent of retail worker injuries occur within their first year on … Read more
From the current economic climate to the recent election results, consumers have a lot to be stressed about, and according to Rakuten, those feelings are showing up in shopping carts. Rakuten’s latest consumer survey, which aimed to identify key trends in consumer behavior as they continue to develop, found stress to be a key theme … Read more
PwC’s latest “Pulse Survey” showed that 61 percent of executives polled said they expect to see the U.S. economy fall into a recession over the next six months. This is up from 49 percent in the June report. The jump occurred despite the Federal Reserve’s recent interest rate cut and data showing falling inflation. “What … Read more
As the retail industry heads into the peak holiday shopping season, there’s a lot on the minds of executives, according to the latest survey from Multimedia Plus, which identified “product knowledge communications” as a top challenge for 32 percent of respondents. Product knowledge communications is how front-line workers are informed about products and services to … Read more
If retailers are out of stock, they may be out of luck. New research from AlixPartners showed that two-thirds of consumers polled said they would leave an e-commerce site or store and shop from another retailer “when an item they are looking to purchase is out of stock, signaling that retailers need to optimize inventory … Read more
When it comes to getting your brand’s imported merchandise through U.S. Customs and Border Protection, an ounce of prevention is worth a pound of cure. Not knowing exactly what’s in your textiles or apparel — from where the raw materials were sourced to what type of labor was or wasn’t used along the supply chain … Read more
You would need to be living off the grid and be totally unplugged not to have heard of ChatGPT. It has a massive number of initial subscribers and is touted diametrically opposed as either genius or the start of “the end of days”. Understanding the legislation Irrespective of the view you might hold, it is … Read more
Sago’s latest read on consumers, detailed in its 2024 Shopping Habits and Inflation report, shows how households respond to higher prices. The research revealed that 75 percent of households “are significantly impacted by inflation, leading to major shifts in shopping habits,” a Sago spokeswoman told WWD, adding that the company’s findings also revealed that 79 … Read more
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