Thanks to high interest rates, constant supply chain disruptions and rapidly changing consumer behaviors it’s hard to get inventory management right, which is crucial to maximizing profit margins. To discuss the biggest challenges facing brands and retailers today, how to adapt to shifting priorities, the biggest opportunities for retailers and wholesalers and the and strategies … Read more
Consumers have quickly become more adjusted to coming into contact with AI during their shopping journeys, though some implementations are still more accepted than others. To help companies determine exactly what is working (and what’s not) Intellias, the software engineering and digital consultancy company, polled more than 1,000 U.S. consumers to gauge sentiments of AI’s … Read more
Gen Z isn’t so young anymore. The much-discussed generation of consumers (currently ages 12 to 27) are in the workforce and have their own money to spend. To get a pulse on where the adult segment of the Gen Z consumer is today, Her Campus surveyed a pool of more than 2,000 consumers ages 18 … Read more
Over the past two years, in this “post-pandemic recovery period,” as analysts call it, retailers and brands have faced numerous ongoing and nagging challenges. Inflation, supply chain disruptions, workforce issues and seismic changes in how and where consumers spend have made it difficult for retailers and brands to deliver top- and bottom-line growth consistently. And … Read more
In the Global Wellness Institute’s latest Global Wellness Economy Monitor report, now in its fifth edition, researchers at the organization said the wellness economy reached a global total of $5.6 trillion in 2022 with a compounded annual growth rate of 12.1 percent. The sectors include spas, thermal/mineral springs, wellness tourism, workplace wellness, wellness real estate, … Read more
Despite consumers and retailers walking away as 2023 Black Friday and Cyber Monday winners (online buying skyrocketed to $9.8 billion in the U.S. while Cyber Monday enticed the highest rate of new shoppers at 45 percent of the total), questions remain. What will 2024’s consumer behavior look like amid so much economic uncertainty? What’s making … Read more
