Logistics News
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...
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
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...
Canadians Seek Value, Drone Delivery Costs, and Tech in Supply Chains
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 Inc.'s...
Canadian Retail Growth, Warehouse Drones, and Warehouse Automation Growth
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...
Lulus’ Fashion Diversifies Shipping, Tesla Pushes for Electric Trucks, and Robotic Cargo Management
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...
Electric Truck Costs, Ontario Funding Boost, Mullen Acquires ContainerWorld
Ryder System highlights high costs and infrastructure challenges hindering electric truck adoption. Ontario boosts its critical minerals sector with a $15 million investment. Mullen Group acquires ContainerWorld Forwarding Services. FedEx Express anticipates U.S....
2023 Mall Productivity Rankings, Last Mile Delivery and e-Commerce Challenges
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, Walmart sells A.I. Technology and Last-Mile Delays.
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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