Greetings retailers and welcome to another edition of Retail Details: Your one-stop source for all the latest tips, trends, and news in the world of retail. With the start of Q3 upon us, today’s installment will feature an in-depth analysis of the current state of retail. We begin by looking back at Q2 sales, and though many retailers generally struggled, see which trends and innovative technologies experts are predicting to drive Q3’s growth.
Even with some positive economic indicators, retailers generally struggled in Q2, although there may be light at the end of the tunnel. Multiple key promotions were delayed into Q3, and some retailers are adjusting strategies to the needs of an evolving customer base. McGladrey director, consumer products industry, former industry analyst Jeffrey B. Edelman, discusses the challenges many companies faced in the second quarter, how some retailers overcame them, and what factors can help contribute to success in the third quarter. Read More
American consumers are finally spending again, which is good news for retailers and retail property owners. The increased spending corresponds to improved consumer confidence, and experts expect that trend to continue. Read More
The growth of the replenishment economy will inevitably bring a steady decline in our need, as consumers, to go the store shelf. And without a consumer at the shelf, shopper-marketing becomes like the proverbial tree falling in the forest, with no one there to hear it. In-store merchandising, impulse buys and other conventional enticements will do little to appeal to the artificial intelligence tasked with managing our routine consumption. Read More
For many, shopping for clothing and accessories is an event. From the moment you near the store to the time you checkout, retailers are realizing that shoppers want an amazing and even amusing shopping experience and retailers must deliver this in order to gain loyal, repeat business, as well as remain relevant versus the ease of shopping online. Here are six trends that have taken shape to do just that: Read More
While women in the U.S. are increasingly reliant on digital channels for apparel product discovery and research, they still buy more in stores, according to an eMarketer analysis of recent surveys from Refinery 29 and Mintel/Lightspeed GMI. The market for women’s apparel in the U.S. is expected to grow 14.5% through 2019 to reach $139 billion. Read More
Thank you for reading another issue of Retail Details! We created this series to provide key insights on the world of retail and help every retailer from small to large be at its best. For more tips, tricks, and trends, sign up for our Newsletter and connect with us on LinkedIn & Pinterest.