Retail Execs give their 2023 supply chain predictions

The NRF’s findings indicate an ongoing shift in holiday spending patterns. About 90.6 million shoppers bought their holiday goods online on Black Friday, an increase from 87.2 million the previous year. However, fewer consumers shopped on Cyber Monday

The five-day Black Friday weekend, the traditional kickoff of the holiday spending season, was a win for retailers, with record numbers of shoppers spending online and in stores, according to the National Retail Federation, the leading retail trade

The sales data has began to trickle in from the Black Friday – Cyber Monday shopping holiday. While sales figures have been cited as strong by associations like the National Retail Federation, these figures have not been adjusted

As the holiday shopping season started in earnest, October retail sales in the categories tracked by Retail Dive grew 4.3% year over year to $242 billion. The National Retail Federation, which is now tracking U.S. retail sales through

With inflation having moderated somewhat from 2022, supply chain problems easing and COVID-19 pandemic restrictions seemingly a thing of the past, the holiday season could shape up to be a win for retailers. Retail sales during the holiday

From new AI applications to a forthcoming clash between retail media networks and larger media players, the retail space is poised to see major disruption in 2024. Experts share their predictions as part of The Drum’s latest Deep Dive,

Black Friday has turned into Black November, as retailers are already teasing their holiday sales. On Wednesday, Walmart unveiled its Black Friday campaign, which featured the cast of the movie “Mean Girls” reuniting for the ad campaign. The big-box

The National Retail Federation today forecast that holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion. “It is not

Software usability in retail is constantly challenged by a rapidly changing retail landscape. In today’s competitive market, providing an exceptional customer experience largely depends on empowering retail associates with the optimal user experience. This session will explore innovative

Retail sales for September were up 0.7% compared to August as consumers continue to spend despite economic concerns in the U.S. market. Sales from July through September were up 3.1% compared to one year ago, giving retailers a

“Funflation” is the latest buzzword that retailers are leaning on to explain why shoppers are steering clear from durable goods, coming off a summer of record-setting concert spending and pent-up travel demand.  But the idea that people opt

Deloitte’s survey suggests that consumers across income levels plan to spend more on gifts this holiday season despite ongoing inflation concerns, but some groups will see higher spending growth than others. Shoppers earning less than $50,000 expect their

Will your business be around in a decade? That’s a tough question to face. But it’s a critical one.  In fact, nearly a third of retail CEOs admit that their companies won’t be economically viable in ten years if they

A focus on offering high-value gift deals, personalized offers, sustainability, and human customer service are among this year’s potential winning strategies for retailers and brands, analysts say. Why it matters: itim Group plc (LON:ITIM) is a SaaS-based technology company that

Artificial Intelligence (AI) is revolutionizing the retail industry. From personalized shopping experiences to inventory management, AI is helping retailers improve efficiency and customer satisfaction. Here’s how some big names in retail are leveraging AI: Lowe’s: Navigating the Store

Retailers are experimenting with interactive store models to re-connect with shoppers. Digital-first brands are opening physical locations for the first time while more established players are expanding store concepts and introducing new formats. INCLUDED IN THIS TRENDLINE itim Group