Women's Wear Daily released their annual Retail Report Card. David Moin and contributors reported on the state of the industry, featuring data from DynamicAction.
Key excerpt:
"Retail analytics service DynamicAction studied $4 billion in online consumer transactions during the pre-Christmas weekends of 2015 and 2016, and found the biggest trend was a heightened reliance on promotions to inspire sales. For next year, the firm recommends retailers curtail the 'profit-eroding discounting spiral' and provide better shopping experiences such as early access to new merchandise or curated collections."
The full article can be accessed here (subscription required).
