Recently in Logistics: Inflation rates have affected 73% of back-to-school shoppers, PacSun is dealing with an increase in fraudulent returns, Deloitte predicts holiday sales will only grow from 2.3% to 3.3%, Retailers are turning to AI and social media, with 57% of...
Recently in Logistics; Shopping centres are evolving vacant spaces into vibrant entertainment hubs as UK department stores shut their doors. In Canada, retail businesses are experiencing rent increases. Foot Locker’s flagship store in NYC has reopened and teamed up...
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...
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 & 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 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...
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