Eva Platini-Hernandez’s Post

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Vice President of Business Development | Licensing and Brand Strategy | M&A

🌟 Key Insights from the 2024 Consumer Sentiment Index 🌟 The retail world is evolving at lightning speed, and today’s consumers are feeling the pressure. At this morning's Retail Influencer CEO Network breakfast, hosted by AlixPartners, Sonia Lapinsky and Gabrielle Fonrouge presented the highly anticipated 2024 Consumer Sentiment Index. Here’s what’s shaping the future of fashion retail and which brands are leading the charge: 💥 Top Performers Across the Fashion Spectrum: ➡ Macy's ranks #1 overall in department stores, proving that understanding your customer and offering value across the board is key to staying relevant. ➡ Kohl's stands out as the top choice for Gen Z, showing that even value-driven retailers can win big with younger shoppers by focusing on product and experience. ➡ In contemporary fashion, EXPRESS ranks #2, balancing price, product, and experience perfectly for today’s consumer. ➡ In e-commerce, Amazon continues to lead, setting the standard for convenience and a seamless shopping experience. ➡ Unsurprisingly, no one gets even close to CHANEL on the luxury side while Nike remains top-of-mind despite a decline. 🛍️ Key Consumer Shifts: 💡 Brand loyalty is shrinking as shoppers face marketing overload, comparison shopping, and inflationary pressures. Consumers today want more than just products—they want frictionless experiences, fast shipping, and easy returns. 💡 80% of consumers seek engaging loyalty programs, but less than a third think retailers are delivering. 💡 Gen Z is all about social shopping, but surprisingly, only 3% rank SHEIN as their top fashion retailer online—a signal to brands to invest wisely in capturing this market. The message is clear: Retailers must evolve fast to meet these heightened expectations. Brands winning today are those who deliver on consumer priorities—a smooth experience, meaningful loyalty programs, and quality products. 👀 Keep an eye out for the full report and Gabrielle Fonrouge's coverage on CNBC. Let’s continue pushing the boundaries in retail! Read the full report HERE ➡ https://shorturl.at/xNFcH Read CNBC article HERE ➡ https://shorturl.at/ltbQk #Retail #FashionTrends #ConsumerInsights #Macys #Kohls #Amazon #Express #AlixPartners #ConsumerSentimentIndex #RetailStrategy #FutureOfRetail #CX

Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl's top the list

Consumers choose their favorite retailers ahead of the holidays: Nike, Kohl's top the list

cnbc.com

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