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How Rising Prices Shape Consumer Behavior

Retail Focus

Retailers face mounting expenses throughout supply chains, from manufacturing to shipping fees. A store that previously sold shoes for $50 may now charge $65 in order to maintain the same profit margin. Customers lose brand loyalty as they choose retail brands or discount options. ” Factory orders also stay closer to home.

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Extended Back-to-School Season Spotlights Need for Tactical Markdowns

Retail TouchPoints

Customers are changing where they shop, increasingly choosing discount stores and comparing prices online compared to previous seasons,” said Peter Ramer, Consumer Products Senior Analyst at RSM U.S. Buyers across income levels are choosing to trade down, purchasing less expensive store brands and online options.

Markdowns 337
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How to Prepare for a Recession

Small Biz Trends

Look towards technology to give you that additional edge such as opening an online store and drop shipping. Usually, when a recession hits, home prices drop opening up opportunities to invest in properties. Other businesses to look into include auto repair and maintenance, bargain and discount stores, and grocery stores.

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Retail Trends to Pay Attention to in Charts

Indigo 9 Digital

Retail sales in November in the United States declined by 0.6% , the greatest drop in close to a year. “A It can cost a retailer between $10 to $20 per order to process a return and this cost does not include shipping. A surprisingly weak retail print indicates that the Fed’s rate hikes are starting to bite. Source: eMarketer.