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Kaarin Vembar is obsessed with the luxury and apparel markets. She also has a sassy mouth so her managing editor decided to give her a column in an attempt to harness insight for readers.
Kaarin can be reached at [email protected].
After a disaster of a 2020 for retail, which led to a plethora of bankruptcies, a 2021 increase in store count feels like a win.
Coresight Research recently reported that U.S. store openings are outpacing closures. Retailers in the U.S. collectively plan to open over 3,300 physical stores in 2021, which amounts to almost 40% more openings than announced at this point last year.
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Kaarin Vembar is obsessed with the luxury and apparel markets. She also has a sassy mouth so her managing editor decided to give her a column in an attempt to harness insight for readers.
Kaarin can be reached at [email protected].
Retail (barely) made it through the holiday season, but dear goodness does it have a problem when it comes to returns.
While the pandemic presented a serious threat to retail this year, it turns out holiday sales were, for the most part, okay. Not great, mind you, but because the industry applied quick thinking and pivots to services like BOPIS, sales were up over 10% year over year in November and 6.7% in December.