Nascent market could reach up to $900 billion by 2030, finds Bain & Co.
Three main factors likely to cause spending slowdown by fall.
More shoppers resist making unplanned purchases.
Four U.S. metro areas where physical retail is thriving – and why.
June’s Consumer Price Index rise down two-thirds from a year ago.
Job growth in overall economy also weakening.
But worries about possible recession persist.
Shoppers spending “like they have a hole in their pocket.”
Payrolls at city’s stores down by 45,000 since 2015.
But spending plans for autos, appliances rise slightly.
As a result, many are postponing purchases.
Sector led all industries with nearly 15,000 cuts for the month.
Despite ongoing labor shortages, retail jobs beat February 2020 levels by 104,000 employees.
Figures easily beat the NRF’s forecast.
One in four consumers are reducing their living standards amid inflation fears.
Workers hold more leverage in today’s job market, and they’re using it.
And for the most part, they’ll pass on higher costs to shoppers.
Higher prices on food, rent blamed on supply chain issues.
A calendar year later, brick and mortar has flipped the script.
Supply-chain pressures ramping up as the holiday season approaches.
Advertisement
INSTORE helps you become a better jeweler with the biggest daily news headlines and useful tips. (Mailed 5x per week.)