Michaels bets big on party supplies, DIY bars
#RetailTrends #PartySuppliesMichaels expands party supplies by 60% with 600 new products, adds DIY customization bars, and cuts in-store birthday parties to $149 including setup and cleanup, aiming to fill the void left by Party City and Joann. read more
Department stores lose ground as inflation boosts resellers
#RetailTrends #InflationImpactDepartment stores are losing market share to discount chains and resellers as inflation drives thriftier shopping. Secondhand apparel grew four times faster than the broader market, but per-transaction spending dropped 22% amid intense competition. read more
Department stores lose ground to resellers and discount chains
#RetailTrends #InflationImpactDepartment stores lose ground to resellers and discount chains as inflation drives thriftier shopping. Off-price retailers like TJ Maxx thrive, while secondhand transactions rise but per-spend drops 22% due to fragmented competition. read more
NYC Bill Would Limit Self-Checkout Items
#NYCPolicy #RetailTrendsNYC may limit self-checkout lanes to 15 items or fewer and require staff assistance. The bill aims to improve customer experience, preserve retail jobs, and reduce shoplifting. Opponents argue it burdens businesses instead of punishing criminals. read more
2024 Retail Landscape: Value-seeking customers reshape shopping and dining
#RetailTrends #ValueShoppingIn 2024, value-seeking shoppers and diners in the U.S. altered the retail and dining landscape due to high prices. Winnders like Walmart and Amazon thrived, while Target and legacy restaurants faced challenges. McDonald's bounced back, while Starbucks and big-ticket items experienced difficulties. read more
#PriceWars #RetailTrends
Walgreens follows major retailers in cutting prices on 1,500 items, impacting snacks, toiletries, and more. The price cuts apply to brand-name and store-brand products, both in stores and online, aiming to boost sales amidst persistent inflation. read more