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Costco Shoppers Are Continuing To Cut Back on Big-Ticket Items, Even as Inflation Falls, as Americans Put Off Buying Jewelry, Laptops, and Furniture

Retail Wire

This decline is attributed to reduced sales of big-ticket non-food discretionary products like home furnishings, jewelry, and hardware, according to CFO Richard Galanti. Costco shoppers are showing restraint in purchasing high-value items despite a drop in inflation, with the average transaction value down by 4.5%

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Sundance Opens First Michigan Location in the Greater Detroit Area

Retail TouchPoints

The 4,120-square-foot store will be the first location in Michigan for the retailer, which sells women’s and men’s apparel, jewelry, footwear, accessories, home furnishings and art. One-of-a-kind pieces and items exclusive to Sundance will be the cornerstone of the product offering. “We

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Beyond Acquires Zulily, Plans to Revive Brand in Q2

Retail TouchPoints

Bringing the trusted Zulily brand into our asset-light business model allows us to offer furniture and home furnishings, apparel and footwear, jewelry and watches, among other categories that are also core competencies of our off-price Overstock business with flash sale deal pricing,” said Overstock CEO Nielsen in a statement.

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Claire’s Wants to Meet ‘Gen Zalpha’ in the Metaverse

Retail TouchPoints

Visitors can outfit their avatars with jewelry and accessories that are also available for purchase IRL at Claire’s stores, and Claire’s will be partnering with like-minded brands to release limited-edition merchandise, one-of-a-kind pets, themed housing, games and activities.

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Get Products Fast at AmericasMart’s Spring Cash & Carry Show

Independent Retailer

From jewelry to furniture and everything in between, brands can restock their inventory instantly at AmericasMart’s Spring Cash & Carry Show. Supply chain delays have got retailers scrambling — they need products, and they need them fast. Essential Tips for Cash & Carry.

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Back to school, back to learning or will it simply be back to home?

Retail Next

HOME & JEWELRY SHINING BRIGHTEST. Traffic trends across categories are still down to last year, however, jewelry and home continue to be the brightest spots. Jewelry & home were -30-40% while traffic to apparel and shoe stores continued to struggle with worse trends.

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What is Inventory Turnover in Retail? (Formulas, Benchmarks, Examples)

Retalon

Apparel Retailers Within apparel, accessories and jewelry retailers have lower turnover ratios – around 2-3x. This leads to lower turnover of 3-4x across furniture and home furnishings. Meanwhile, higher volume categories like women’s apparel and family clothing drive higher turnover of 3-4x.