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EY Consumer Future Index: Economic Fears Abound, but Americans Still Plan to Spend for the Holidays

Retail TouchPoints

Retailers have reason to be positive about the holiday season — Americans are still planning to spend about the same or more than last year on gifts, despite the fact that 93% are concerned about the economy and rising living costs, according to EY’s latest Consumer Future Index.

Consumer 221
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Australian fashion brands seek supply-chain sovereignty

Inside Retail

Williams shared plans to expand its Adelaide workshop following the launch of its ‘Crafted in Australia’ collection. Onshore attraction Sustainability and circularity are no longer mere buzzwords in the fashion community, and are increasingly seen as mandatory for business success. per cent of fashion shoppers look for Australian made.

Fashion 246
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Exclusive: Vietnamese fashion operator eyes international expansion plan

Inside Retail

In just 10 years, Vietnamese fashion retail operator Maison Retail Management International (MRMI) has built a network of more than 120 retail stores across 18 high-profile international fashion brands. A lucrative market for affordable fashion. It is targeting 30 per cent annual sales growth by 2025.

Fashion 130
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How FOMO drives consumers and retailers to participate in Black Friday

Inside Retail

For the past few years, consumers have been more than willing to dip into their bursting savings accounts – thanks in large part to the pandemic – to spend on Black Friday. However, 17 per cent of Mozo’s survey respondents said they were not planning to buy at all over the weekend, as they “can’t afford it”. per cent up on 2022.

Consumer 264
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Express Taps Consumer Products Veteran for CEO

Retail TouchPoints

Fashion apparel retailer Express, Inc. In a statement, the company reported that Baxter stepping down is “unrelated to the company’s accounting or financial reporting,” which was released earlier this week and included a consolidated net sales decrease of 6%. Baxter will be on hand to ensure a smooth leadership transition.

Consumer 197
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How the Fashion Industry Can Pave the Way for a Sustainable Future

Retail TouchPoints

For decades, there have been continued debates surrounding sustainability and the fashion industry’s position in implementing and maintaining a sustainable value chain, where renewable resources from the environment can be continually used and human rights are protected. Start With the Supply Chain. An Eco-Conscious Journey.

Fashion 309
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The fastest fashion: Why Incu has launched two-hour delivery with Uber

Inside Retail

The fashion industry has long found itself in a race to be the fastest. The latest brand to capitalise on this trend is luxury fashion house Incu, which, in a partnership with Uber Direct, can now deliver its products to customers in under two hours. But for customers that have been in Incu stores, it’s missing a few things.

Fashion 262