Stephanie Stahl

As kids head back to school, parents are looking for a shoe fit that provides comfort, quality, and satisfies the increasingly powerful preferences of kids themselves. Our AlixPartners 2024 Back-to-School Footwear Survey, in partnership with Footwear Distributors and Retailers of America (FDRA) reveals how #footwear companies can successfully meet consumers where they are today, even amid changing behaviors and demands. Dive into the survey results & discover our 4 key insights here: https://lnkd.in/eNhKbHux

12

Macy's Store Closures Poised to Transform Malls and Retail Landscape - Macy's announced it will be closing several stores across the U.S., a move expected to significantly impact the dynamics of shopping malls and local economies. - The closures reflect changing consumer behaviors, including a shift towards online shopping and the aftermath of the COVID-19 pandemic. - Retail analysts warn that the absence of Macy's, often a key anchor tenant, could lead to reduced foot traffic in malls, affecting smaller retailers and the viability of mall spaces. - This development signals a wider transformation in the retail sector, with a potential rise in mixed-use spaces and alternative uses for vacant retail properties. #RetailTransformation #MacysClosures #ShoppingMalls Read more: [https://buff.ly/3WITLmL]

2

THERE ARE INFINITE DEFINITIONS OF BEAUTY. WHAT'S YOURS? Join me in signing Coty’s petition to change the current outdated dictionary definition and examples now: https://lnkd.in/ggjrfVrd. #UndefineBeauty #CotyPride

52

2 Comments

I recently finished "The Retail Revival: Reimagining Business for the New Age of Consumerism" by Doug Stephens, and it truly made an impact on me. If you're in retail or if you frequently engage with retail clients, you'll find this book incredibly relevant. Stephens' insights struck a chord with me as they align so well with the current trends in the industry: •Consumer Behaviour Shift: Today’s shoppers are not just informed but also expect a meaningful experience rather than just a transaction. •Experience Over Product: It’s crucial to go beyond selling great products and create immersive, emotionally engaging shopping journeys. •Omnichannel Retail: Integrating online and offline experiences is no longer optional; it’s essential for staying competitive. •Technology as an Enabler: From AI to AR, technology is reshaping shopping, and staying updated is key. •Sustainability: Consumers increasingly choose brands based on their ethical and environmental impact. In a world full of options, it's these genuine connections and thoughtful service that differentiate brands and drive long-term loyalty. If you’re looking for a September read that will enhance your perspective on retail, I highly recommend this book. Have you read this book yet? What were your biggest takeaways? I’d love to hear how you’re applying these ideas in your own work! #RetailRevival #ConsumerBehavior #RetailExperience #book #RetailStrategy

6

Target's shares increased by over 15% following a positive earnings report, indicating a reversal of a sales slump. The company reported a 2% rise in comparable sales for the second quarter, marking its first increase in over a year. Store traffic grew by 3%, compensating for a 0.9% decline in average transaction spending, attributed to lower prices. CEO Brian Cornell highlighted consumer resilience despite ongoing economic challenges. The earnings report reflects broader consumer spending trends, with other retailers like Walmart and Costco also reporting strong sales growth. Target's sales of discretionary goods, particularly in apparel and beauty, showed improvement, aided by new product launches. The company implemented price reductions on 5,000 items, contributing to increased customer traffic. Target's revenue reached $25.5 billion, exceeding expectations, with a net profit of $1.2 billion, a 43% year-on-year increase. The operating profit margin improved to 6.4%, surpassing the company's long-term goal of 6%. Target raised its earnings forecast for the fiscal year, reflecting confidence in sustained sales growth. #target #usretail #usconsumer #retailsales

2