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...
PwC Canada’s 2024 survey reveals 44% of Canadians see inflation as the top threat, with 43% ready to switch to brands offering better value. Despite advances, drone delivery remains unprofitable for companies like Walmart, Amazon, and DoorDash. Alithya Group...
Container volumes at 12 major US ports are key economic indicators. In 2024, beauty manufacturing will prioritize profitability, quality, transparency, and sustainability. The NRF forecasts a 2.5%-3.5% rise in retail sales to $5.23-$5.28 trillion. A KPMG survey...
Lulu’s Fashion Lounge Holdings saved money in Q1 by diversifying shipping carriers. At the Advanced Clean Truck Expo, Tesla’s Semi executive urged faster adoption of electric trucks. Autonomous robots now handle cargo at Munich Airport. Toyota launched Tri-gen, a...
Toronto’s Yorkdale Shopping Centre topped Canadian mall productivity with significant sales. Aggressive discounting by FedEx and UPS is shaking up carrier diversification. A 2024 survey shows that 98% of Shopify merchants in the U.S. and Canada struggle with...
Ocean trade disruptions are pushing businesses towards airfreight, ProPack Logistics has been acquired by Stord, recent earthquake in Taiwan has disrupted the semiconductor and electronics industries, Walmart is selling A.I. Technology to reduce shipping costs, and...
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