Department store closures and shift of spending away from goods will prompt malls to focus on experiences over apparel, writes CEO and Founder Deborah Weinswig May 24, 2018Expect the malls of 2023 to include new uses and experiences, as retail real estate responds to five major industry and demographic trends over the next five years, […]
New report outlines the top 18 trends that will affect retail this year January 11, 2018NEW YORK (January 11, 2018) – More than ever before, spoiled shoppers will want more, want it their way and want it now in 2018. That desire should further splinter consumer spending and favor retailers with strong identities, as well […]
FGRT's Managing Director ranks No. 2 on list of 100 most influential analysts, consultants and journalists worldwide December 19, 2017NEW YORK (December 19, 2017) – The honors keep coming in for Deborah Weinswig, Managing Director of global think tank FGRT (formerly Fung Global Retail & Technology). The retail analyst and startup advisor has been named the […]
The average household income for Ross customers is $63,000 a year, according to an off-price sector report set to be released by retail think tank Coresight Research in early August. Amazon shoppers' average household income is $85,000. Despite a healthy economy and a recovery in many Americans' discretionary income since the 2008 recession, widening inequality has created a base of Ross' low and middle-income core shoppers, said John Mercer, a senior analyst at Coresight. Mercer also attributed discounters' rise to financially squeezed younger shoppers.
24/7 Wall St.
The back-to-school shopping season generated $84 billion in sales last year, and research firm Coresight expects spending to rise by 3% to 4% this year.
Milwaukee Journal Sentinel
Deborah Weinswig, founder and CEO of the retail think tank Coresight Research, said the technology and its function could evolve into a "Shazam for fashion." "Consumers of the future are likely to be taking images of friends or colleagues or even strangers in the street and running those through visual search engines to find what they are wearing," Weinswig said.