It feels like everyone was just preparing for the Christmas rush; but—surprise—we’re already over the hump in 2016 and headed toward the holidays once again.
Along the way we’ve noticed a few key retail trends popping up. Take a look at these recent developments to see how you can adjust for success in the second half of the year.
A decline in high-end sales
In what Morgan Stanley analysts are calling a ‘High-end Recession’, retailers who set their sights on wealthier consumers might be in for a challenge. Several key high-end retailers have reported a recent dip in sales. Nordstrom recently noticed that their ‘off-price’ brand, Nordstrom Rack, is performing better than its higher-end counterpart.
Restoration Hardware is also having some issues in the high-end space, with shares dropping 23 percent at the beginning of the year. What’s more, they’re finding that largely discounted sales aren’t doing the trick to…
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