Consumer Trends: Page 2
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Courtesy of The Home Depot
Home Depot issues cautious outlook after soft Q4
The economy is leading consumers to delay purchases for big projects, but push forward with smaller ones, executives said.
By Nate Delesline III • Feb. 22, 2024 -
I going to make a greatest artwork as I can, by my head, my hand and by my mind. via Getty Images
BNPL popularity rises among ‘financially fragile’ consumers
About 60% of that group used BNPL five or more times in the past year, compared with just over 20% of more stable consumers, the New York Fed said.
By Caitlin Mullen • Feb. 21, 2024 -
Trendline
The latest in experiential retail
With customers returning to in-store shopping, retailers are testing out new store concepts, exiting others and otherwise refining their brick-and-mortar touchpoints.
By Retail Dive staff -
Courtesy of Skechers
The Weekly Closeout: Skechers aims for 10K stores and Jeff Bezos sells $4B in Amazon stock
The footwear retailer is halfway to its store opening goal, while the Amazon founder sold billions of shares this week.
By Retail Dive Staff • Feb. 16, 2024 -
Justin Sullivan/Getty Images via Getty Images
Lululemon accused of greenwashing in anti-competition complaint
Advocacy organization Stand.earth is asking the Competition Bureau Canada to investigate the retailer’s conduct over environmental claims.
By Laurel Deppen • Feb. 14, 2024 -
Courtesy of Walt Disney World Resort/PRNewswire
ColumnThe Weekly Closeout: Disney turns to villains for bridal inspiration, Abercrombie & Fitch Co. cuts a role
The company looked to Ursula and Maleficent for a collection with Allure Bridals, while the specialty retailer eliminated its global brands president position.
By Retail Dive Staff • Feb. 9, 2024 -
Pablo Cuadra via Getty Images
New Balance introduces resale platform
The footwear company partnered with Archive to launch Reconsidered as part of a larger sustainability initiative.
By Laurel Deppen • Feb. 6, 2024 -
Frank Polich/Getty via Getty Images
ColumnThe Weekly Closeout: UPS to cut 12K jobs and Nordstrom Rack continues to expand footprint
The delivery giant aims to save $1 billion, while the department store is accelerating openings of its lower-priced brand.
By Retail Dive Staff • Feb. 2, 2024 -
Spencer Platt via Getty Images
How retail is shaping up in 2024
Though some of the problems of the pandemic have waned, retail continues to reel from C-suite turnover and layoffs.
By Stephanie Arnold • Feb. 1, 2024 -
Courtesy of Carhartt
Fragile like a bomb: Why Carhartt’s new women’s line is making hard-working gear soft
That word doesn’t necessarily match the workwear brand’s rugged aesthetic, but it’s part of “a more concerted effort” to give working women what they want.
By Cara Salpini • Feb. 1, 2024 -
July Ko via Getty Images
Prestige beauty brand sales growth surpasses mass market beauty brands: Circana
Despite current economic uncertainty, beauty retail sales are predicted to continue growing in the coming years.
By Tatiana Walk-Morris • Jan. 31, 2024 -
Scott Olson via Getty Images
‘This is natural evolution’: Saks and Neiman Marcus on the state of luxury
As a new year starts, Geoffroy van Raemdonck and Marc Metrick share thoughts on luxury e-commerce, when the market might recover and how the consumer is doing.
By Cara Salpini • Jan. 31, 2024 -
Courtesy of Lego Group
Toy sales dropped 8% last year: report
However, the industry has experienced a $5.7 billion increase in sales since 2019.
By Kaarin Vembar • Jan. 30, 2024 -
Cara Salpini for Retail Dive
Sporting goods still challenged by inflation, inventory levels, report finds
2024 will be a mixed year for the athletics sector, according to the World Federation of the Sporting Goods Industry and McKinsey & Company.
By Cara Salpini • Jan. 30, 2024 -
Kendall Davis/Retail Dive
Podcast
The Backroom: What’s in store for DTC in 2024?
2023 was rough for many companies. Ahead, the sector could see more bankruptcies and C-suite shakeups as brands continue to grapple with profitability.
By Retail Dive Staff • Jan. 25, 2024 -
Daphne Howland/Retail Dive
Target to add 1K wellness products to offering
The retailer is introducing hundreds of exclusive items and has also launched an online wellness destination.
By Nate Delesline III • Jan. 24, 2024 -
Daphne Howland/Retail Dive
5 ways the pandemic is still impacting retail
The disease outbreak is no longer an emergency, but some of the adaptations retailers made during its height endure — for better or worse.
By Daphne Howland • Jan. 22, 2024 -
Courtesy of Merit
8 DTC brands to keep an eye on in 2024
With some brands filing for bankruptcy or shutting down entirely, 2023 paved the way for innovation from newer companies.
By Caroline Jansen • Jan. 16, 2024 -
Spencer Platt via Getty Images
Fitch: ‘Rising headwinds’ are rushing toward consumers in 2024
During a panel at the ICR conference, the ratings agency predicted shoppers will seek out greater value in 2024 as high debt levels and reduced savings catch up to them.
By Cara Salpini • Jan. 9, 2024 -
Permission granted by Purple
Purple CEO: Stores are the ‘toughest part’ of the brand’s model
“Two-thirds of them are working and a third of them aren’t,” Rob DeMartini said during a presentation at ICR.
By Cara Salpini • Jan. 9, 2024 -
Cara Salpini/Retail Dive
8 DTC trends to follow in 2024
The past year was riddled with bankruptcies, layoffs and a handful of public debuts. What does this next year have in store for the industry?
By Dani James • Jan. 8, 2024 -
lechatnoir via Getty Images
7 retail trends to watch in 2024
From economic pressures weighing on consumers to relocating stores away from malls, here’s what’s on retailers’ minds heading into the new year.
By Retail Dive Staff • Jan. 8, 2024 -
Courtesy of Nike
ColumnThe Weekly Closeout: Conair names new president, CEO and what’s the path forward for Nike?
Kristie Juster will take on both roles at the product company, while Nike could be rethinking its relationship with DTC.
By Retail Dive Staff • Jan. 5, 2024 -
NoSystem images via Getty Images
Holiday shoppers spent ‘record’ $222.1B online: report
BNPL usage hit an all-time high during the season, with Cyber Monday as the largest day on record for the payment method, per Adobe.
By Tatiana Walk-Morris • Jan. 4, 2024 -
RgStudio via Getty Images
Retail trends that shaped the holidays in 2023
From new marketing techniques to consumers spending despite inflation, here are the big takeaways from the latest holiday season.
By Retail Dive Staff • Jan. 2, 2024 -
BongkarnThanyakij via Getty Images
Consumers could return $82.1B worth of holiday merchandise, survey finds
To address the rising cost of returns, 44% of retailers have increased return or restocking fees, according to CBRE and Optoro.
By Tatiana Walk-Morris • Dec. 29, 2023
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