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Exclusive Q&A: EY Defines 5 Post-Pandemic Consumer Segments

Retail TouchPoints

In 2018, Ernst & Young (EY) launched an ambitious project called FutureConsumer.Now , to model scenarios that would challenge present thinking about future consumers. For example, in June, three months after the shutdowns began, 42% of respondents said the way they shop will fundamentally change as a result of the outbreak.

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Off-Price Retailers, the Secrets to their Success

Indigo 9 Digital

That’s what the founders of off-price stores like T.J.Maxx and Burlington Stores thought when they first opened their doors. Whether times are good or bad consumers flock to these stores in search of designer goods at low prices. Off-price retailers are benefiting from troubles retailers higher up the value chain are facing.

Apparel 52
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All About Shrinkflation and Its Impact

Rangeme

That’s why consumer packaged goods (CPG) suppliers are now scrambling to cut back somewhere. Shrinkflation helps brands save some money—and keep prices stable—by slightly reducing the amount or weight of their goods. Let’s examine what shrinkflation looks like and how it affects brands, retailers, and consumers.

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The Brilliant Strategy Behind Supreme’s Success

Indigo 9 Digital

British-American entrepreneur James Jebbia started Supreme out of a skateboard shop in New York City in 1994. Customers do not have to guess when new merchandise will be available they know the exact times and are always ready to shop. Having the drops occur at a specific time reinforces this habit. Do you like this content?

Apparel 111
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How to Sell to Retailers In the U.K.

Rangeme

British consumers have global tastes – and the COVID-19 crisis appears to have further whetted their appetites for international products. The influential British magazine Retail Week has identified the desire for more adventurous flavours in food and drink as a critical trend for U.K. retailers look for in brands.

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How Ulta Beauty Takes Product Innovation to the Next Level

Rangeme

Ostrowski: We are so proud The Wellness Shop , an initiative we launched last year as wellness has been introduced across every category in our assortment. Spanning skin, hair, bath, and makeup, wellness was accelerated during the pandemic as consumers worked to take better care of themselves and prioritized self-care.