Reported 5 months ago
The article discusses the challenges faced by retailers due to a weakening consumer sentiment caused by inflation. HSBC US Head of Retail and Apparel Eric Fisch highlights that retailers are becoming leaner by reducing inventory and expenses to adapt to changing consumer sentiment. Fisch suggests that retail growth typically hinges on lifestyle or trend changes, with a focus on innovation in style and material, particularly emphasizing comfort. The article also touches on the importance of product innovation and promotional strategies in the retail sector.
Source: YAHOO