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
This holiday season may be a nail-biter for some retailers. While resilient, shoppers are more cautious this year and are searching for bargains as they focus on getting the best bang for their buck. Price-sensitive consumers put a lot of pressure on retailers and brands. Not only do they need to have the right product, … 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
MILAN — Chasing visibility and retail opportunities in South Korea has become the great equalizer in the business plans of both fashion powerhouses and smaller players. And Italian advanced contemporary brand Forte_Forte is getting in on the K-fever, as it gears up to officially unveil its first store in the country on Sept. 20. Developed in partnership with … Read more
MILAN — The resilience of the European market amid adverse weather conditions, the performance of its Carrera and David Beckham licenses and improved North America sales bolstered Safilo Group even as sales declined in the first half. The Padua, Italy-based group said Thursday that revenues fell to 532 million euros, down 3.3 percent from 550.1 … Read more
Pattern, the e-commerce solution provider, released its first “E-commerce Executive Strategy Snapshot” report, which analyzed the most common growth challenges facing retail and brand executives. The survey also revealed where retail and brand leaders plan to make investments. The researchers polled more than 300 e-commerce C-level executives and founders in North America in sectors that … Read more
Opinions expressed by Entrepreneur contributors are their own. Too often, founders cite their shortened runway as a reason for not fully implementing the best strategic spending for their startups. This is becoming too common, especially as markets continue on a soft landing trajectory and interest rates remain high. The dilemma is simple — founders do … Read more
As the luxury sector sees a global slowdown, Singapore, one of its key markets, is being impacted by the slow return of Chinese tourism. While high-spending Chinese visitors are returning to some markets, including cities like Paris and Milan, “the recovery in tourist spending on personal luxury goods overall is uneven and the effects of … Read more
Charles & Colvard, in a decisive geared toward turning the tide of its business, has launched a business-to-business digital portal for selling loose gems to independent jewelers. The fine jewelry firm, which specializes in moissanite, lab-grown diamonds and other gems, has shifted its wholesale business model away from distributors through the formation of the charlesandcolvarddirect.com trade … Read more
Halston once said, “You’re only as good as the people you dress,” and Ken Downing is eyeing those with deeper pockets. In his third season as creative director, Downing is evolving the Xcel-owned brand’s price position for fall 2024, further bolstering its contemporary image. “When the stores are coming in, they’re asking for things that … Read more
