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December 09, 2024

This Week's Retail Rundown:

  • How Gen Z Fashion Brands Shein and Temu Exploit a Legal U.S. Tariff Loophole
  • Loyalty Drives Impact This Season
  • Holiday Pajamas: Insights That Delivered
  • What Sets First Insight Apart? Find Out at NRF 2024
  • We’re Seeing a Much More Discerning Customer
  •    

AS SEEN IN FORBES

THE LATEST IN RETAIL

How Gen Z Fashion Brands Shein and Temu Exploit a Legal U.S. Tariff Loophole

Shein and Temu are transforming the way we shop with ultra-low prices, but their success relies on a tariff loophole, sparking concerns about fairness, sustainability, and the future of retail.

Read On...

HOLIDAY TRENDS 2024

LOYALTY DRIVES IMPACT THIS SEASON

Holiday 2024 Stat  Loyalty

Loyalty programs are seeing increased influence, with a 64% rise in shoppers drawn to their benefits. This creates a prime opportunity for retailers to strengthen customer retention and drive lasting loyalty beyond the holiday season.


Discover more key findings.

INDUSTRY NEWS

WHAT WE'RE READING

Returns to Top $890B, NRF Projects

Retail returns are expected to reach $890 billion in 2024, with retailers improving processes to balance customer convenience and rising costs, including tackling fraud and bracketing.

Off-Price Retailers Aren’t Too Worried About Tariffs

Off-price retailers remain unfazed by tariffs, relying on domestic sourcing and flexible buying to maintain their value edge. Analysts suggest tariffs could even boost their inventory pipeline, creating new opportunities.

Dollar General: 4,250 Remodels, 575 Openings in 2025

Dollar General topped Q3 sales estimates despite hurricanes and plans nearly 4,900 real estate projects, including 575 new stores in 2025.

RETAIL Q&A

INDUSTRY QUESTION OF THE WEEK 

Newsletter Q&A  In-Store Shopping Holiday 2024

INSIGHTS IN ACTION

HOLIDAY PAJAMAS: INSIGHTS THAT DELIVERED

Copy of Case Study - Pajamas (2)

A retailer used First Insight’s platform to identify the best patterns for their holiday-themed pajama collection.

 

The goal: Determine whether there was a market for winter/holiday-themed family pajama sets and identify which patterns would resonate most with customers to maximize sales.

 

The result? Insights revealed the top prints that appealed most to customers, leading to a product launch that drove nearly a 20% increase in holiday pajama sales compared to the previous year.

WEEKLY RETAIL QUOTE

NEWSLETTER QUOTE (21)

RETAIL HAPPENINGS

WHAT SETS FIRST INSIGHT APART? FIND OUT AT NRF 2024

You may be wondering, how is First Insight different from other retail AI-driven platforms?

Two words: Value Score™.

Our Value Score™ is a proprietary metric that some of the world’s largest retailers are using to make informed decisions about which products to invest in, how much to stock, where to allocate inventory, and how to price products based on customer demand.

By combining advanced AI with real-time human insights, First Insight is retail's only forward-looking decision platform.

See it for yourself during NRF! 

Book a Meeting

IN THE LOOP

WE'RE SEEING A MUCH MORE DISCERNING CUSTOMER

Discerning Customer - Newsletter (2)

About First Insight 💡  

First Insight is the global leader in Voice of the Customer retail solutions, transforming business decision-making through actionable consumer insights and AI. Our platform enables retailers and brands to boost revenues and profitability by informing strategic decisions with consumer data and removing guesswork. Trusted by hundreds of leading retailers, vertically integrated brands, mass merchants, and wholesalers, First Insight leads in optimizing strategy, product, pricing, and marketing decisions.


Visit  www.firstinsight.com to learn more, or if you're interested in harnessing the power of First Insight's Retail Decision Platform for your business, let's talk!

First Insight, Inc., 2000 Ericsson Drive Suite 200, Warrendale, PA 15086, United States, 724.759.7141

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