Retail trends to watch as we approach 2024

The 2023 holiday shopping season is fast approaching, and the expectations are for a sluggish season. Surveys from numerous consumer watchdogs suggest consumers continue to cut spending and plan to be frugal during the holidays. While growth is expected, the

When it comes to earnings results, there are a slew of metrics companies report out. Net income or loss, revenue, gross margin, operating income or loss – it takes a watchful eye with experience to properly dissect these

For retailers, the months leading up to peak selling season are a whirlwind of planning and strategizing, as they strive to capture the hearts — and wallets — of shoppers. For shoppers, the holidays transform storefronts into portals of inspiration and shopping

In this second annual peak season survey from Deposco, see how supply chain executives prepared for peak season 2023 and how challenges compare to 2022. Volatility and disruption are the name of the game for peak season after

As a result of physical retail’s shifting fortunes over the past five years, the nature of a career in retail has changed significantly, encompassing new responsibilities to reflect new store experiences. Store staff could now be expected to: host in-store events and community

In today’s fiercely competitive retail landscape, the role of a robust commerce network has evolved into a crucial determinant of profitable growth for both retailers and brands. Consumer expectations for an extensive range of products available at their

With the Holidays fast approaching, Ibotta surveyed 2,500 consumers and 400 industry experts to help inform strategies to best break through this Holiday season. Looking for new customers? 42% of shoppers said that when they tried a brand for

Spending at US retailers rose in July at a much faster pace than in the prior month, a combination of both strong demand among American consumers and higher prices because of elevated inflation. It was also the fourth straight month

The retail sector has undergone a remarkable change in recent years. With the pandemic accelerating the shift towards online commerce and bringing in a wave of technological transformation, brick-and-mortar stores have been severely impacted. Even businesses that were

This Northern Summer, I was in Europe (along with what felt like most of the US, plus half of Australia and the rest of the world). Like many commerce practitioners, trips like this quickly turn into retail study

The luxury sector is poised to shine brighter this year as a strong performance in the Asia-Pacific region — led by the Chinese mainland and neighboring markets where first- and second-quarter sales surged — promises to propel the

Remember the online shopping boom of 2020 and 2021? Those were heady days of skyrocketing sales and soaring opportunities. Yet, as 2022 dawned, the retail landscape began to shift. Economic uncertainty triggered fascinating changes in consumer behavior –

As the push for sustainability grows, grocery retailers are increasingly prioritizing reducing food waste. Technological advancements have provided innovative solutions to this issue, offering data-driven approaches that optimize operations and minimize waste. This article explores the intersection of

Inventory management is the process of overseeing and controlling a company’s inventory. It involves the acquisition, storage, tracking, and optimisation of inventory to ensure that sufficient stock is available to meet customer demand while minimising costs and maximising

There are many articles available describing what an order management system (OMS) will do for retailers from a functional perspective. But there is very little material available detailing cross-sector benefits achieved from actual OMS projects which is one

I recently bought a freezer at Lowe’s. It was an excellent value, easy to find online, and available at my local store. Unfortunately, when I got to the appliance section of the store it was on a shelf