Economy

Articles on how the economy is impacting retail.

  1. Trends & External Forces

Another IRA Surprise: Part B Coinsurance Inflation Adjustments Are Increasing Patient Costs (rerun)

This week, I’m rerunning some popular posts while we put the finishing touches on DCI’s new 2024-25 Economic Report on Pharmaceutical Wholesalers and Specialty Distributors. The article below highlights an underappreciated consequence of the Inflation Reduction Act’s inflation rebates for Medicare Part B drugs. Last night, I posted an updated analysis showing that the volatility […]
3 min read
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  1. Department: HBC

Hospitals Are Relying More on PBMs to Manage Manufacturers’ 340B Contract Pharmacy Restrictions: DCI’s 2024 Market Analysis (rerun)

This week, I’m rerunning some popular posts while we put the finishing touches on DCI’s new 2024-25 Economic Report on Pharmaceutical Wholesalers and Specialty Distributors. Click here to see the original post from June 2024. The 340B contract pharmacy market shows little sign of slowing down. Drug Channels Institute’s exclusive analysis of the 2024 market […]
3 min read
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  1. Trends & External Forces

Shop prices move further into deflation

Shop Price deflation was at 0.6% in September, down from deflation of 0.3% in the previous month, according to the BRC-NielsenIQ Shop Price Index. Shop price annual growth was at its lowest rate since August 2021. Non-food remained in deflation at -2.1% in September, further… This story continues at Shop prices move further into deflation […]
< 1 min read
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  1. Trends & External Forces

East Coast Port Strike Could Rekindle Inflation; NRF Calls for Presidential Action

The long-dreaded strike of East Coast ports by the International Longshoremen’s Association (ILM) against the United States Maritime Alliance (USMX) began at 12:01 a.m. ET today, raising concerns about the potential economic impact of a prolonged work stoppage. The union, which represents approximately 45,000 workers, has not gone on strike since 1977, when a walkout […]
3 min read
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  1. Technology & Innovation

Warby Parker’s Remarkable Vision with Neil Blumenthal, co-CEO and Co-Founder

Joining us for a fascinating interview is Neil Blumenthal, co-founder and co-CEO of Warby Parker, one of the most successful and innovative “disruptor brands” to emerge in the past two decades. Neil shares the brand’s origin story, what makes Warby Parker remarkable, why they’ve aggressively invested in brick-and-mortar locations, the critical interplay between digital and […]
3 min read
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  1. Trends & External Forces

Cost-cutting habits remain despite easing economy, says KPMG survey

British consumers remain focused on cost savings despite falling inflation, according to KPMG’s latest survey. The accountancy firm’s consumer pulse research for September found changes to buying habits developed during the cost-of-living crisis remain, despite inflation having fallen. Asked if they would loosen their purse… This story continues at Cost-cutting habits remain despite easing economy, […]
< 1 min read
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  1. Associates & Employees

Will No Tax on Tips Help or Hurt Employees Restaurant Employees?

  The team at Tacoma, WA based Foodservice Solutions® is wondering out loud about no taxing of tips as immediate income. From restaurant servers to bartenders and delivery drivers, many service workers rely heavily on tips to supplement their income. But what happens when governments decide to remove taxes on those tips? The proposal to […]
5 min read
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  1. Shopper & Customer

Consumer confidence falls ahead of the Budget, data shows

According to BRC-Opinium data, consumer expectations over the next three months of their personal financial situation worsened to -6 in September, down from +1 in August. Expectations for the state of the economy worsened significantly to -21 in September, down from -8 in August, while… This story continues at Consumer confidence falls ahead of the […]
< 1 min read
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  1. Media & Marketing

Ranked: The Fastest Shrinking Jobs in the U.S. (2023-2033F)

See this visualization first on the Voronoi app. Use This Visualization Ranked: Occupations With the Most Projected Job Cuts This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. As the economy shifts, the employment landscape changes. […]
3 min read
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  1. Trends & External Forces

DOJ Sues Visa for Anticompetitive Debit Card Practices

The U.S. Department of Justice has sued Visa for anticompetitive practices in debit card networks, which it says penalize merchants that try to use alternatives. The suit, filed in the U.S. District Court for the Southern District of New York, alleges that Visa “wields its dominance, enormous scale and centrality to the debit ecosystem to […]
3 min read
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  1. Holiday & Events

Adobe Predicts 8.4% Growth in Online Holiday Sales, Driven by Discounting

Adobe expects U.S. online sales to hit a record $240.8 billion this holiday shopping season (covering the period from Nov. 1 to Dec. 31), representing 8.4% growth year-over-year. Shopping on mobile devices also is expected to hit a new milestone, growing 12.8% YoY to contribute a record $128.1 billion, which would represent a 53.2% share of online spend this season […]
4 min read
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  1. Trends & External Forces

Circular Economy: Innovations Transforming Waste to Wealth

What is the Circular Economy? The circular economy is an economic system that aims to eliminate waste and make continuous use of resources. In contrast to the traditional linear model of “take, make, dispose,” the circular economy focuses on waste reduction, keeping products and materials in use, and regenerating natural systems. This model prioritizes reuse, […]
< 1 min read
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  1. Holiday & Events

Retailers Focus on Early Sales, Expanded Assortments to Win Holiday 2024

With the unofficial start to the holiday shopping season (Amazon’s Fall Prime Day Oct. 8 and 9) just around the corner, and consumer confidence wobbly at best, Amazon isn’t the only retailer hoping to capture some early holiday spending next month. Target, Walmart, Best Buy, Big Lots and Michaels all have announced plans for early […]
6 min read
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  1. Data & Insights

Mastering Promotional Pricing: Proactive Holiday Strategies to Protect Your Profits

Navigating holiday retail pricing strategies during times of economic uncertainty requires a delicate balance between reacting to market conditions and maintaining profitability. As we approach a period characterized by the looming U.S. presidential election, inflationary pressures and fluctuating interest rates, retailers must adopt a more refined, agile and data-driven approach to pricing and promotions. Fine-Tune […]
3 min read
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  1. Shopper & Customer

Will Foxtrot’s Second Try Pay Off?

  Foxtrot, the modern convenience store chain blending gourmet food, coffee, and convenience, is taking a second shot at expansion after its initial growth struggles. With a focus on urban living, on-demand delivery, and unique product offerings, Foxtrot aims to redefine what convenience stores can be. Steven Johnson the Grocerant Guru® at Tacoma, WA based […]
5 min read
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  1. Media & Marketing

FTC Accuses Social Media Services of ‘Vast’ User Surveillance, Lax Privacy Protections

The Federal Trade Commission (FTC) has issued a damning new report on the data collection and use practices of Twitch, Meta, YouTube, X, Snap, TikTok, Discord, Reddit and WhatsApp. The findings indicate that these platforms engage in “vast surveillance of consumers in order to monetize their personal information while failing to adequately protect users online, […]
3 min read
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  1. Trends & External Forces

Consumer confidence tumbles despite uplift in retail sales

There has been a sharp fall in consumer confidence in the UK this month as people feel less optimistic about their personal finances, the economy and making major purchases. GfK’s long-running UK Consumer Confidence has dropped by seven points to -20 after warnings of “tough choices” ahead of the budget this autumn. The decline means […]
< 1 min read
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  1. Media & Marketing

Prof G Markets: Takeaways from the Second Debate + Does the US Need a Sovereign Wealth Fund?

Follow Prof G Markets: Apple Podcasts Spotify  Scott and Ed open the show by discussing recent inflation data, Oracle’s earnings, Wall Street’s decision to curb working hours for young bankers, and Open AI’s newest model. Then Scott shares his reactions to the President debate and breaks down business learnings from Kamala Harris’ performance. Ed predicts […]
< 1 min read
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  1. Shopper & Customer

Charted: Maxed-Out Credit Cards by Generation

See this visualization first on the Voronoi app. Use This Visualization Credit Card Utilization By Generation This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. In the first quarter of 2024, the nationwide aggregate credit card […]
3 min read
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Ranked: The Fastest Shrinking Jobs in the U.S. (2023-2033F)

See this visualization first on the Voronoi app. Use This Visualization Ranked: Occupations With the Most Projected Job Cuts This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. As the economy shifts, the employment landscape changes. […]
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  2. Department: Consumer Durables
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  10. Technology & Innovation
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  12. Associates & Employees
  13. Holiday & Events
  14. Merchandising
  15. Stores & Formats

Adobe Predicts 8.4% Growth in Online Holiday Sales, Driven by Discounting

Adobe expects U.S. online sales to hit a record $240.8 billion this holiday shopping season (covering the period from Nov. 1 to Dec. 31), representing 8.4% growth year-over-year. Shopping on mobile devices also is expected to hit a new milestone, growing 12.8% YoY to contribute a record $128.1 billion, which would represent a 53.2% share of online spend this season […]
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  1. Media & Marketing
  2. Retail Ecosystem
  3. Trends & External Forces

Future of Marketing: Part One

Today, we’re kicking off a special two-part series answering your questions about all things marketing.  Scott puts on his professor hat and answers your questions surrounding common marketing misconceptions, the power of community-driven marketing, and what the future holds for the industry.  Music: https://www.davidcuttermusic.com / @dcuttermusic Subscribe to No Mercy / No Malice Buy “The […]
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  1. Shopper & Customer
  2. Corporate Finance
  3. Media & Marketing
  4. Data & Insights
  5. Shopper & Customer
  6. Trends & External Forces

Charted: Maxed-Out Credit Cards by Generation

See this visualization first on the Voronoi app. Use This Visualization Credit Card Utilization By Generation This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. In the first quarter of 2024, the nationwide aggregate credit card […]
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