Inflation impacts back-to-school, online fraud rises, and Deloitte forecasts modest holiday growth
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...
Retail spaces become entertainment hubs, rental rates surge, and basketball concept at NYC flagship
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...
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
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...
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