While generative AI tools are becoming more common in retail, executives still have concerns related to bias and data security
Beauty and cosmetics retailers are falling short of customer expectations
Brand loyalty does not always mean there is a “fandom”
Online sales gained the most traction, with sporting goods and hobby categories not far behind
Increasing rent prices also a concern for brick-and-mortar retailers
Food and beverage private brands gained traction in 2023, while nonedible brands saw a steady increase
Luxury consumers' optimism about the economy is not increasing sales on luxury goods
The drop in confidence comes with concerns about inflation and household finances
Retailers find revenue and customer satisfaction rise when they offer same-day delivery
UK retail in the last month seems to be healing from January’s sluggish figures