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As we stand on the cusp of 2024, the retail landscape is poised for a transformative shift driven by the relentless march of artificial intelligence (AI). In an era where technology evolves at an unprecedented pace, understanding the trends shaping…
For luxury shoppers, value retention and resale value is paramount for savvy investors and fashion enthusiasts alike. Rebag, a leading authority in the luxury accessory market, has just released its fourth annual Clair Report, offering invaluable insights into the resale…
As the chill of winter begins to set in, Canadians are not just bracing themselves against the cold but also the persistent pressures of inflation. Amidst this economic backdrop, Dollarama is a discount retailer for budget-conscious shoppers, has reported a…
The world’s largest retail trade association, National Retail Federation (NRF) recently found itself in the spotlight for a significant correction regarding inventory loss figures. Initially, the NRF reported that nearly half of the $94.5 billion in industry shrink—a term encompassing…
Retail theft is a growing concern that casts a shadow over small businesses across the United States. A staggering 90% of small business retailers have experienced theft at their stores, painting a grim picture of the challenges these establishments face.…
With the convenience of online shopping just a click away, various demographics have embraced this trend at different paces and intensities. But what drives these tech-savvy shoppers to click ‘purchase’? It’s a combination of convenience, variety, and the ability to…
New survey from GoDaddy shows 41% of Gen Z and 43% of Millennials have followed a brand on social media for a discount, but 47% of small businesses do not offer a discount code when someone follows their brand on…
Inflation continues to be a significant factor affecting the economy, and its impact is felt across various sectors, including holiday shopping. Despite the persistent rise in prices, a recent survey conducted by Debt.com reveals that American consumers are adapting their…
As the cost of living continues to rise, consumers are seeking ways to stretch their budgets. According to a 2023 Black Friday consumer sentiment survey by Boston Consulting Group (BCG), 74% of consumers plan to take advantage of deals during…
The latest edition of the EY Future Consumer Index (FCI), a comprehensive global study that surveyed over 22,000 consumers across 28 countries, revealed that American consumers prioritize value for money over experiences, brand loyalty, or convenience. This shift in consumer…