Total sales to increase by 3 percent to 4 percent with technology to be popular gifts, writes Managing Director Deborah Weinswig November 15, 2017NEW YORK (November 15, 2017) – With unemployment at its lowest rate in 17 years, consumer sentiment up four points over 2016 levels, and one extra shopping day between Thanksgiving and Christmas […]
JD.com emerges as a serious rival to Taobao and Tmall for the online shopping festival, writes Managing Director Deborah Weinswig November 10, 2017NEW YORK (November 10, 2017) – Singles’ Day, held on November 11, is China’s most popular and the world’s biggest shopping event in terms of gross merchandise volume, surpassing all brick-and-mortar promotions. Despite […]
As department stores and specialty shops struggle, malls must offer more diverse nonretail uses to reinvent themselves, writes Managing Director Deborah Weinswig September 06, 2017NEW YORK (September 6, 2017) – With department stores struggling, specialty store closing and retail bankruptcies on the rise, the traditional regional mall format must be reconceived, reconfigured and diversified to […]
"The extensive sales channel provided by Amazon’s e-commerce platform, coupled with the company’s data analytics that can help predict and adjust to ever-changing consumer demands, almost ensures that Amazon’s private labels have a real shot at eroding the market share of established players," Deborah Weinswig, managing director, retail think tank Fung Global Retail & Technology, told Retail Dive in an email. "Walmart, leading the pack with over $23 billion in apparel sales in 2017, understands the threat presented by Amazon, and has decided to take action to stem the continuous loss of market share."
Wal-Mart is the largest brick-and-mortar clothing retailer in the United State, with 2016 sales for that category exceeding $23 billion, according to retail think tank Fung Global Retail & Technology.
Through Nov. 3 this year, U.S. retailers announced 6,636 store closures nationwide, according to a report from Fung Global Retail & Technology, a research and consulting firm.