Despite renewed safety concerns from the Omicron variant of COVID-19, consumers are still feeling confident and discretionary spending has remained steady,
A huge surge in COVID-19 omicron variant cases has created new uncertainty across the globe––but retailers are bullish the variant won’t cause new shutdowns.
With $150 billion in buying power, retailers need to be in-the-know about Gen Z’s spending habits––and how to operate to capture this influential audience.
Retailers saw apparel sales fall off a cliff in 2020, pushing the industry to the brink. But the COVID-19 pandemic wasn’t the only challenge retailers faced, and one children’s apparel brand has somehow managed to emerge after going through a bankruptcy in 2019 and two sales in 2020.
As retail continues to dig itself out of the hole of 2020, when the COVID-19 pandemic decimated foot traffic and sales for many categories, pop-up shops are continuing to gain momentum.
The retail industry was completely shaken up by the COVID-19 pandemic, with many physical stores temporarily shutting down as brands shifted to e-commerce.
The retail media sector continues to heat up with new consolidation after Publicis Groupe announced it was acquiring retail media technology company CitrusAd.
After launching a new strategy just a month before the COVID-19 pandemic upended the retail industry, department store retailer Macy’s is still on track to stabilize and recover in 2021.
From adding plexiglass shields to decreasing hours and reducing staffing, the COVID-19 pandemic majorly changed how stores face consumers. And retailers also quickly changed how they operate behind the scenes to meet rapidly-changing shopper demands.
The COVID-19 pandemic forced retailers to survive amid a wave of challenges, including losing their physical footprints for an extended period. And that meant companies either innovated and pivoted or faced even bigger troubles.
Stepping into a Kroger, shoppers might not realize the music and advertisements coming over the loudspeaker are specifically engineered to make them feel energized, happy, upbeat.
With shoppers returning back to stores eager to spend, there’s one sector of the retail industry poised to gain a lot of traction--outlet mall centers.
Original reporting from the Editor of Retail Leader.