Discretionary categories like luxury and big ticket home purchases performed disproportionately poorly as inflation remained sticky and interest rates remained high.
Saks buying long-term rival Neiman Marcus may create a stronger combined entity but there are many vexing issues to be resolved if and when the deal receives FTC approal.
For remarkable retailers, in-store shopping bounced back quickly, and the notion that physical retail is dead or dying continues to be greatly exaggerated.
Once again I reveal my annual list of bold retail predictions 2024, including the future of AI, the growth of DTC, the outlook for luxury department stores, and a reckoning for disruptor brands.
Anyone who follows the machinations of the retail industry will know that many struggling retailers continue to put forth breathless pronouncements of their alleged tr...