Female consumers are wising up to the gender-based pricing discrepancies on some of their favorite products, also referred to as the “pink tax.” Do you see an opportunity for retailers to connect with their female consumers by eliminating the pricing disparity on women’s goods?
Sales of pet products are on the rise and Millennials are leading the charge. Out of the 72 percent of Millennials that own pets, 67 percent consider these pets their “fur-babies” and treat them like their children. Why do you think so many Millennials lavish spending on their pets the way they do?
Many of us have had the experience of walking into a big box store where there are no employees to be found. In fact, there are plenty of reports that connect America’s excess retail square footage with the “retail apocalypse.” Would reducing store sizes help retailers minimize losses due to understaffing and shoplifting?
Recent start-ups are connecting with Millennials and Gen Z in ways that might shock and impress traditional chain store owners. The ability to adapt to trends before one’s competitors is increasingly important. How prepared are large brands and retailers to identify generational trends?
In 2012, on the cusp of the so-called “retail apocalypse,” Death Wish Coffee Co. was founded, with the goal of creating the world’s strongest coffee, a high-caffeine blend 200 percent stronger than the average cup of joe. What other advice would you add for owners launching new brands?
Most of us have heard about how micro-influencers are revolutionizing the face of marketing, but there is a new breed of artisan that is similarly disrupting the fashion and retail sectors: The micro-designer. How do you see micro-designers affecting apparel retailers, particularly fast-fashion, in the years ahead?
Much of what we know about Gen Z is based on statistics that we’ve heard tossed around for so long that we’ve accepted them as fact. Which assumptions about the buying characteristics of Gen Z do you expect to change as more of its members reach adulthood?
According to 2017 data from the digital resale platform ThredUP, consignment and resale apparel sales are on the rise. Secondhand apparel is already an $18 billion industry, but the resale biz is projected to keep growing by 11 percent annually to reach $33 billion by 2021. How will the growth of resale and consignment affect mainstream retail brands?
If you can’t beat ‘em (them being counterfeiters), then co-opt them. That appears to be at least part of the thinking behind a pop-up shop opened by Diesel on Canal Street in New York’s Chinatown. What do you think of Diesel’s decision to hawk authentic knock-off merchandise?
If you want to pay for a subscription box of deluxe samples from Sephora, you’re going to have to wait. That is because, according to Sephora’s website, subscriptions for their immensely popular subscription box service, “Play! By Sephora,” are currently on backorder. Is the popularity of subscription boxes another sign of the decline in the in-store experience?
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