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Retail Trends

All articles tagged with #retail trends

business2 months ago

Tapestry Boosts Outlook Amid Strong Q1 Performance and Changing Consumer Trends

Younger consumers, particularly Gen Z, are reducing their spending at fast-casual chains like Chipotle and Cava but are still investing in luxury items like Coach handbags, which has helped Tapestry beat earnings expectations and raise its full-year outlook. Despite some signs of decreased spending among younger demographics, Tapestry's focus on Gen Z has resulted in strong sales growth and high customer retention, contrasting with other brands facing declines in younger customer engagement. However, overall holiday spending plans among Gen Z are expected to decrease significantly compared to previous years.

via CNBC|
#business#consumer-behavior#gen-z
business4 months ago

Gen Z Cuts Holiday Spending Before Shopping Season

U.S. holiday spending is expected to decline by 5% this year, primarily due to a 23% reduction in spending by Gen Z, driven by economic uncertainty, inflation, and changing priorities towards experiences and value shopping. Other generations are maintaining or increasing their budgets, but overall consumer sentiment is cautious, impacting retail strategies and sales.

via NBC News|
#budget-cuts#business#gen-z
business6 months ago

Prime Day 2025 Starts with 41% Sales Drop and $7.9B in Online Sales

Amazon's Prime Day first-day sales reportedly dropped 41% compared to last year's shorter event, attributed to consumers delaying purchases in hopes of better deals, though Amazon claims these figures are inaccurate. Despite the sales dip, overall engagement remains strong, with more deals offered and early indicators of high eCommerce spending. The event's extended duration aims to boost discovery and sales, amid broader economic uncertainties affecting consumer spending.

via PYMNTS.com|
#amazon-prime-day#business#consumer-behavior
economy-and-consumer-behavior2 years ago

"Affordable Indulgences: The Small Treats Boosting Consumer Spending"

Amid economic uncertainty and a potential tightening of belts in 2024, consumers are shifting their spending habits towards affordable treats, often referred to as "little luxuries," such as makeup, specialty coffees, and wellness products. This trend, known as the "lipstick index," indicates a move away from high-priced items towards more budget-friendly splurges. Retailers are responding by offering a variety of these products, including luxury items at lower price points and exclusive budget-friendly lines, to cater to the desire for small indulgences without significant financial commitment.

via BBC.com|
#affordable-luxuries#consumer-spending#economic-uncertainty
business2 years ago

Resilient Asian Malls in the U.S. Defy Retail Trends

Asian malls in the U.S. are thriving post-pandemic, defying the struggling retail trend seen in many American malls. These malls, which cater to Asian American enclaves, offer more than just shopping, serving as social gathering places that attract diverse clienteles. They provide a sense of community and host events that go beyond retail, such as night markets and cultural celebrations. By offering a mix of traditional offerings and trendy experiences like K-pop merchandise and food trends, Asian-focused malls have managed to buck the industry's downward trend and maintain high occupancy rates. However, there are concerns about the future of mom-and-pop shops as younger generations prefer online shopping.

via NBC News|
#asian-malls#business#community