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% Q3 sales increase, reaching $1.2 billion. Traeger and Yeti are adjusting supply chains to counter potential tariff impacts. Nearly 30% of U.S. shoppers plan to gift beauty products, with prestige beauty sales up 7% to $22.8 billion.
Holiday Logistics: Why Diversifying Carriers Matters
As the holiday season approaches, businesses face logistical challenges like capacity shortages and delays due to high demand. Carrier diversification, using multiple shipping carriers, helps mitigate these risks by ensuring flexibility, cost efficiency, and reliable service. By leveraging regional expertise and scaling capacity, businesses can meet customer expectations for timely deliveries, including same-day options, and enhance satisfaction during peak times.
Holiday Retail Spending Hits New Highs
Holiday retail spending is set to hit its highest levels since 2019, with a 32% increase per consumer, according to JLL. Shopping centres are thriving as Canadians return to in-person shopping, drawn by immersive experiences and robust deal-seeking behaviour. With nearly all surveyed planning mall visits, the season is a critical time for retailers, who face high stakes but show strong growth and optimism heading into 2025.
Abercrombie Posts 14% Sales Surge, Names New CFO
Abercrombie & Fitch Co. reported a 14% rise in Q3 net sales to $1.2 billion, driven by strong performance across its brands. The company plans to expand and remodel stores while maintaining its momentum despite weather challenges. Robert Ball, a long-time executive, was promoted to CFO to support ongoing transformation efforts. With robust growth and improved margins, the company raised its full-year sales outlook to 14-15%.
Source: Retail Dive
Yeti, E.l.f. Prep for Tariffs
Companies like Traeger and Yeti are adjusting their supply chains in response to potential tariff hikes under Trump’s administration. Traeger plans to expand production in Vietnam and may pass costs to customers, while Yeti focuses on internal supply chain efficiencies amid uncertainties. Businesses are exploring diverse strategies, from shifting manufacturing to price increases, to mitigate tariff impacts.
Source: Retail Dive
Beauty Gifts Gain Popularity This Holiday
Nearly 30% of U.S. shoppers plan to buy beauty products as holiday gifts, with prestige beauty sales up 7% year-over-year, reaching $22.8 billion. Gen Alpha’s influence and higher-income households are driving growth, especially in fragrance and makeup categories. Retailers like Ulta, Sephora, and Amazon are expanding offerings and promotions to capture the season’s demand.
Source: Retail Dive
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