Consumer shopping habits were undoubtedly altered by the COVID-19 pandemic as more people purchased goods online to avoid coming into contact with people who may have been infected by the potentially deadly virus. But as life returns to normal and inflation eases, consumers are again shopping at brick-and-mortar stores. Core retail sales increased 0.6% in...Read More
Amid the volatile macroeconomic environment, luxury customers are becoming more “deliberate and value-focused” in their spending. They’re also shifting discretionary dollars more toward wear-to-work clothes and fashion for dining out and parties, and pulling back spending on casual clothes, sneakers and handbags. That’s the read on the luxury consumer from Marc Metric, chief executive officer...Read More
