This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In 2018, Ernst & Young (EY) launched an ambitious project called FutureConsumer.Now , to model scenarios that would challenge present thinking about future consumers. Orschell discussed the differences and overlaps among these consumer segments as well as other recent research. for trusted brands and 23% for ethical products.
Once regarded as a have to for those on tight budgets, purchasing pre-loved items has now evolved into a mainstream retailtrend, fuelled by a combination of psychological drivers and shifting consumer values. Nostalgia also plays a significant role. One that allows a longer life cycle of the product.
Nike has made a move over the last several years to grow its direct-to-consumer business. We will begin testing a Jordan-only concept in North America in fiscal year 2023, leveraging a popular consumer experience that has been wildly successful in Greater China, the Philippines, and Korea.
By Tricia McKinnon The resale market is one of the fastest growing segments of retail. One of the reasons it has grown so fast is that platforms like StockX make it easy for consumers to put up their coveted merchandise for sale in a secure and transparent manner. 25% of the items sold on StockX are sold for less than retailprice.
With consumers often driven by FOMO – a fear of missing out, traffic to Supreme’s website during one of its drops can increase by up to 17,000%. Many of the customers that race to get their hands on a Supreme drop often resell their merchandise online for as much as ten times the original retailprice. Do you like this content?
That’s why consumer packaged goods (CPG) suppliers are now scrambling to cut back somewhere. Shrinkflation helps brands save some money—and keep prices stable—by slightly reducing the amount or weight of their goods. Let’s examine what shrinkflation looks like and how it affects brands, retailers, and consumers.
Margins erode quickly in consumer packaged goods (CPG), and all too often, I see emerging brands losing money on each product they sell. This step ensures you have a firm handle on what the right price is – for your category, and your specific product, while taking your positioning within the category into account.
British consumers have global tastes – and the COVID-19 crisis appears to have further whetted their appetites for international products. The influential British magazine Retail Week has identified the desire for more adventurous flavours in food and drink as a critical trend for U.K. retailers look for in brands.
That’s what the founders of off-price stores like T.J.Maxx and Burlington Stores thought when they first opened their doors. Whether times are good or bad consumers flock to these stores in search of designer goods at low prices. Off-priceretailers are benefiting from troubles retailers higher up the value chain are facing.
The war in Ukraine has the potential to cause further inflation problems, as we have already seen a sharp increase in oil prices. Inevitably, against this backdrop, retailers’ prices are rising. If one of the world’s largest consumer packaged goods is struggling in this way, many smaller providers will be feeling nervous.
Spanning skin, hair, bath, and makeup, wellness was accelerated during the pandemic as consumers worked to take better care of themselves and prioritized self-care. Ostrowski: We are so proud The Wellness Shop , an initiative we launched last year as wellness has been introduced across every category in our assortment.
We organize all of the trending information in your field so you don't have to. Join 40,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content