蘑菇AV

Four in five (81%) of consumers plan to spend as much as or more than last year on their holiday purchases, although fewer people are in the market for luxury goods, toys, and electronics. The focus on price should give value-oriented players, including big-box retailers like Walmart and Target, as well as discounters a boost this quarter.

LVMH鈥檚 and L鈥橭r茅al鈥檚 earnings, along with strong beauty IPO debuts, suggest there鈥檚 still a sizable share of consumers willing to indulge in small luxuries such as face lotion, makeup, and perfume. The evidence: LVMH鈥檚 beauty business has been 鈥減retty strong,鈥� CFO Jean-Jacques Guiony said during the company鈥檚 earnings call, adding there were 鈥渘o particular signs of slowing down.鈥�.

US cosmetic and beauty sales are expected to grow over 10% this year鈥攎ore than three times the 2.9% rate of the overall retail market, according to our forecast. It鈥檚 a sign of the 鈥渓ipstick effect,鈥� said our analyst Sky Canaves on our 鈥淏ehind the Numbers: Reimagining 搁别迟补颈濒鈥� podcast.

鈥淲e've seen tremendous resilience from the consumer and that's driving a lot of success for retailers in the brick and mortar space,鈥� said Ethan Chernofsky, senior vice president of marketing at Placer.ai, during our virtual summit. Despite rising inflation and pullbacks on discretionary spending, consumers are still eager to treat themselves and participate in unique retail experiences. We break down three trends influencing shopping behavior for the rest of the year, each paired with a retail opportunity.

The possibility of scoring a Saint Laurent handbag or Burberry rain boots at a fraction of the original price is particularly appealing for luxury-loving Gen Z and millennial consumers鈥攁nd fueling social media buzz as shoppers post about their finds. Videos tagged #MarshallsFinds generated 1.3 billion views on TikTok, while T.J.

This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.

This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.

And there's some other stats that go with that. 70% of Gen Alphans believe they have a basic understanding of money and they prioritize their ability to buy luxury goods including skincare products that 30% of them are too young to need. So just like some interesting spending habits that probably go hand in hand with the credit card debt. Rob Rubin (09:34):. With TikTok. Lauren Ashcraft (09:34):.

This fall, Rakuten will launch Rakuten+, an invite-only, premium rewards program offering a guaranteed 10% cash back on items from luxury brands. Rakuten will aim its outreach at users who have a history of buying luxury goods through its rewards platform. It also chose the brands partly by using data about which ones its biggest-spending customers showed the greatest interest in.

This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.

This was originally featured in the Retail Daily newsletter. For more retail insights, statistics, and trends, subscribe here.

Contracting with more than one currency provider is a luxury few smaller players can afford. Even subbing in a different currency provider can be prohibitively expensive, as most planning software and transaction infrastructure was built on Nielsen. But most advertisers who used alternative currencies found them to be effective replacements.

Is India the next China? Retailers from Apple to Dior to Levi鈥檚 are looking to expand in the world鈥檚 fastest-growing retail market, but success isn鈥檛 guaranteed.

But given that those goods鈥攁longside consumer electronics鈥攖end to be one-off purchases, the trade-in program as it currently stands is unlikely to foster a broader retail recovery, particularly in light of the country鈥檚 property crisis, unemployment problem, and potential trade war with the US.