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3PL Logistics Trends and News
Shoppers to return $890B, Gen Z revives malls, and Lululemon sees 9% growth
Recently in Logistics; Shoppers are expected to return $890 billion in merchandise in 2024, accounting for 16.9% of retail sales, according to the NRF. Gen Z prioritizes in-person shopping for instant gratification and social connections, despite being digital...
Diversify carriers for holidays, retail spending soars, and Abercrombie names new CFO
Recently in Logistics; As the holiday season approaches, businesses face logistical challenges such as capacity shortages and delays. Retail spending is set to hit its highest since 2019, with a 32% rise per consumer, says JLL. Abercrombie & Fitch reported a 14%...
Canadians spend more this holiday, AI faces retail challenges, and retail sales rise
Recently in Logistics; Holiday budgets in Canada are up 32% to $971, marking the largest increase since 2019, with shopping centres remaining a preferred destination. Generative AI is quietly transforming retail experiences, though most consumers remain unaware of its...
