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Consumers Have Reached A Breaking Point After Losing $1 Trillion To Inflation

Ever since retail opened up after the pandemic, the National Retail Federation has gushed over the resiliency of the U.S. economy and the American consumer.In a recent CNBC interview, NRF president and CEO Matthew Shay reported January retail sales were up 4.8% over last year, highlighting: “We have very resilient consumers and people are out […]

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It’s Disruption Versus Tradition As Louis Vuitton And Gucci Choose New Creative Directors

The fashion world was shaken when Louis Vuitton announced the appointment of pop icon Pharrell Williams as creative director of its menswear division. He will succeed the late Virgil Abloh, who passed away in November 2021.In many ways, Williams is a perfect choice to step into Abloh’s shoes, both being Black Americans steeped in street […]

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To-The-Trade Schumacher Pivots To Consumers For Growth

In the world of interior design, wallpaper is making a comeback. Having reached $1.7 billion globally in 2022, with the U.S. having over one-third market share, the wallpaper and wallcoverings market is projected to advance at a 4.3% compound annual growth rate through 2030.Prized for its ability to add texture, dimension and artistic sophistication to […]

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A ‘Richcession’ Is Looming: Get Ready To Weather The Storm

Conventional wisdom holds that when the economy flounders, the well-heeled don’t skip a beat and keep spending while everyone else cuts corners and pulls back.But early indications are that when, rather than if, the economy falters, the high-earning affluent will share in the pain. And their pain will roll over onto the luxury brands that […]

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Crisis In The Board Room As Retail CEO Vacancies Mount

Ever since the pandemic, retailers’ lack of staffers to operate the registers, unload the trucks and get merchandise on the shelf has dominated the conversation.The Bureau of Labor Statistics reported the retail sector lost almost 800,000 jobs in 2020, compared to about 200,000 jobs lost from 2017 to 2019. And at the end of December […]