Inside Retail US - December 2023 | Page 3

Contents

December 2023

News bites
Shein files for US IPO ; Rite Aid collapse reveals challenges of pharmacy retail ; New York ’ s Fifth Avenue keeps most expensive retail destination rank ; Cole Haan marks 500 global store milestone ; Amazon closes its Style experiment ; Starbucks launches plan to cut $ 3 billion in costs ; Crate & Barrel opens design-focused flagship store ; Jack in the Box to expand into Mexico ; Macy ’ s expands network of ‘ mini stores ’.
8
Cover : Why US department stores may be singing their swan songs
With changing customer behavior , difficult economic conditions , and foreign competition , like French retailer Printemps , entering the market , US-based department stores face an uncertain future .
15
Five trends to tap into in 2024
Coresight Research ’ s associate director of research Anand Kumar delves into the top consumer trends retailers must consider heading into the new year .
19
How the Fifteen Percent Pledge is changing retail
We catch up with the movement ’ s founder Aurora James to discuss how the Pledge has grown and evolved over the past three years and what it takes to drive real , lasting change in the retail industry .
23
Cuckoo for pop-ups
From Shein to Chanel , pop-up stores are all the rage . We explore what ’ s driving this trend , and what it takes to run a successful pop-up .
27

15 23

27

December 2023 www . insideretail . us 3