![Retail spaces become entertainment hubs, rental rates surge, and basketball concept at NYC flagship](https://nls.ca/wp-content/uploads/2024/08/BI-WEEKLY-ROUND-UP-1-1080x627.png)
![Retail spaces become entertainment hubs, rental rates surge, and basketball concept at NYC flagship](https://nls.ca/wp-content/uploads/2024/08/BI-WEEKLY-ROUND-UP-1-1080x627.png)
![Back-to-School: In-Store Trends, Supply Chain Risks, & Customer Retention](https://nls.ca/wp-content/uploads/2024/08/BI-WEEKLY-ROUND-UP--1080x627.png)
Back-to-School: In-Store Trends, Supply Chain Risks, & Customer Retention
A Retail Council of Canada survey shows 72.7% of consumers will spend over $50 on back-to-school shopping in 2024, with 85% maintaining or increasing their budget. Retailers face supply chain issues from wildfires and delays, risking shortages. Shoppers are...![Reclaiming Middle-Class Shoppers, Millennials’ Luxury Spending, & Ray-Ban’s $1.5B Move](https://nls.ca/wp-content/uploads/2024/08/BI-WEEKLY-ROUND-UP-4-1080x627.png)
Reclaiming Middle-Class Shoppers, Millennials’ Luxury Spending, & Ray-Ban’s $1.5B Move
Rising prices have led middle-class customers to shy away from luxury brands, impacting profits. Meanwhile, affluent Millennials are driving luxury item purchases, with 63% buying and 51% planning to spend more. EssilorLuxottica’s $1.5 billion acquisition of Supreme...![Abercrombie’s Growth, AI Holiday Trends, and E-commerce Boost](https://nls.ca/wp-content/uploads/2024/07/BI-WEEKLY-ROUND-UP-3-1080x627.png)
Abercrombie’s Growth, AI Holiday Trends, and E-commerce Boost
Abercrombie & Fitch saw a 16% growth in 2023, reaching $4.3 billion in sales under CEO Fran Horowitz. Salesforce predicts 63% of Western consumers will shop on Chinese apps like Temu and Shein in 2024, with 53% using AI for gift ideas. Global e-commerce is...![Canadian Retail Growth, Warehouse Drones, and Warehouse Automation Growth](https://nls.ca/wp-content/uploads/2024/07/BI-WEEKLY-ROUND-1080x627.png)
Canadian Retail Growth, Warehouse Drones, and Warehouse Automation Growth
Canadian retail sales grew 2.7% in April, with discretionary spending up only 0.5%. Swiss sportswear brand On uses Verity’s warehouse drones to boost inventory visibility. Canadian shoppers are reluctant to adopt new retail tech and wary of social media ads, says...![Electric Truck Costs, Ontario Funding Boost, Mullen Acquires ContainerWorld](https://nls.ca/wp-content/uploads/2024/05/BI-WEEKLY-ROUND-UP-3-1080x627.png)
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