• Consumer Income Shifts Cause of Retail Pain

    6 monthes ago - By WWD

    Don't blame Millennials for ruining retail because they make more purchases online. In fact, what appears to be a retail apocalypse is really a retail “renaissance” that's in the works.
    So says a new study from Deloitte, which noted that consumer economics are driving the retail industry bifurcation. The report called “The Great Retail Bifurcation: Why the retail ‘apocalypse' is really a ‘renaissance'” was released on Wednesday. The study is based on a survey of more than 2,000 consumers.
    According to the report, retail is changing “in line with consumer income bifurcation.” It noted that...
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