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Bleak Economic Outlook Drives European Shoppers To Cut Back On Spending
A number of signs point to weaker-than-expected sales this holiday season in Europe.
Retail sales keep falling
August retail sales volume in the eurozone declined 2.0%...
One-Third Of Global Consumers Set To Spend Less This Holiday Season : Report
Global digital commerce specialist Astound Commerce has released its 2022 Global Consumer Behaviour Report, which covers how brands must prepare for the upcoming holiday...
Halloween Participation Returns To Pre-Pandemic Levels With Record Spending
Participation in Halloween-related activities will resume to pre-pandemic levels, with 69% of consumers planning to celebrate the holiday this year, up from 65% in...
20% Indians Will Shop More During 2022 Festive Season: Survey
The survey revealed that 20 per cent of the consumers plan to shop more this festive season in comparison to last year while 32...
US August Retail Sales Supported By Job, Wage Gains Amid Continued Inflation
US consumers’ willingness to spend overcame inflation again in August as more jobs and higher wages helped ease some of the pressure of continuing...
US Retailers Slash Clothing Prices As Shoppers Cut Purchases
Clothing for the younger consumers moving slowly
Shoppers are opting for dressy, formal, semi-formal clothes
In the mid range segment, shoppers prefer basics...
Turkish Retailers Gain Rights To Distribute US, EU Sports Brands In Russia
The Turkish holding FLO Retailing has received the right to sell goods under the Reebok brand in Russia, according to an August 22, mailing...
Walmart Cancels Multiple Orders
Walmart has reportedly cancelled ‘billions in orders’ due to overstocks as the retailer attempts to clear out inventory excess.
In a call with investors announcing...
China Remains A Difficult Market For Foreign Brands
Social media posts of sales at Gap stores in China fuelled further speculation that another foreign clothing brand is set to reduce...
H&M Caught Up In Greenwashing Exposé
Greenwashing has been the norm with most brands. The evidence is being dug up now. The latest is the recent exposé on fast-fashion retailer...
