Zara, the fast-fashion chain, aggressively raised prices this year without turning off shoppers, while dollar stores including Dollar General (DG.N) expanded their array of merchandise. Likely winners this season include sellers of beauty and skincare products, such as Ulta, and mid-luxury accessories and handbags retailers, as well as stores that managed to clear out excess inventory, analysts and experts said. Many stores dangled discounts earlier in the season to lure inflation-weary consumers and clear out inventory.Īmong the losers so far are fast-fashion retailer H&M, which waited too long to raise prices, and department stores including Kohl’s and Best Buy (BBY.N), which saw dramatic declines in foot traffic of at least 15%, according to Placer.AI. spending on discretionary merchandise fell 5% during the week of Dec. Shoppers bought less electronics, furniture and some types of clothing compared to a year ago, according to NPD Group, a market research firm. Hottovy, head of Analytical Research at Placer.AI. Rising costs of food, gas and rents are forcing consumers to be "more selective," said R.J. So far, shopper visits to many retail segments, including apparel and electronics, are down year-over-year, according to foot-traffic data from Placer.AI. shopping day of this year behind Black Friday, according to data firm Sensormatic Solutions. 23, is slated to be the second-busiest U.S.
NEW YORK, Dec 21 (Reuters) - With three days to go before Christmas, retailers across the United States and Europe face a turbulent end to a drawn-out, mostly disappointing holiday shopping season.įriday, Dec.
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