by Mike Duff | Feb 22, 2023 | Retail Articles
At a time when consumer shopping behavior is being watched closely in the face of economic uncertainty and inflation, the Kearney Consumer Institute has released its first 2023 briefing on gifting titled “Should I Stay or Should I Go? Redefining Trading Down,...
by Mike Duff | Feb 20, 2023 | Retail Articles
Consumers have adjusted their spending behavior in the face of inflation and economic uncertainty worldwide, according to business services firm PWC, with 53% of global consumers “holding back” on non-essential spending. At the same time, PWC, formerly...
by Mike Duff | Nov 17, 2022 | Retail Articles
The luxury customer gave Macy’s a boost in the third quarter as the company’s prospects evolve given opportunities to leverage its upscale store concepts and execute against its omnichannel strategy with a mix of online and brick-and-mortar initiatives. Net income was...
by Mike Duff | Oct 13, 2022 | Retail Articles
Although no longer publicly traded, the Neiman Marcus Group released fiscal year 2022 business highlights and the company’s work toward its designated goal: Revolutionizing Luxury Experiences. During the first quarter, NMG appointed Ryan Ross as president of Neiman...
by Mike Duff | Sep 20, 2022 | Retail Articles
After a 200-year history, Lord & Taylor is taking a step into the future with a revamped assortment and approach to consumers that includes a new emphasis on home merchandise. Lord & Taylor is repositioning as a go-to destination for what the company...
