Retailers looking to grow revenues at home and abroad should factor Singles Day (11 November) into their planning for 2023's peak season, nShift says today. Established in China 30 years ago, Singles Day is now the world's largest shopping event.
European retailers have been unlikely stock market stars this year, but a long spell of high borrowing costs and inflation has started to bite, so wary investors will be looking for reassurances from the likes of H&M and Zara-owner Inditex when they issue business updates this week. Last year, investors and strategists expected retailers' margins to take a hit, as inflation eroded households' discretionary spending and some of the region's heavyweights warned of tough months ahead. The broader STOXX 600 is up by 7% this year, meaning retailers are outperforming by the most on record.
/PRNewswire/ Milkman Technologies has commissioned IDC to write the InfoBite: "Reshaping the Last Mile for Customer-Centric Omnichannel Shopping Journeys".