In a recent survey by the Kearney Consumer Institute, 44% of consumers said their finances have worsened in the last six months, but 51% say they will get better going forward. The survey results suggest many companies might not understand how consumers manage their...
Market researcher Kearney described the consumer response to Amazon Prime Day as “tepid.” According to Kearney Consumer Institute lead Katie Thomas, Prime Day has become a consumer “nice-to-have,” but not a must. Shoppers polled by KCI said that, of available...
At a time when consumer shopping behavior is being watched closely in the face of economic uncertainty and inflation, the Kearney Consumer Institute has released its first 2023 briefing on gifting titled “Should I Stay or Should I Go? Redefining Trading Down,...
In another expansion of its off-price operations, Nordstrom will open two new Rack locations in the fall. The new Nordstrom Rack stores will operate in Phoenix, AZ, at Desert Ridge Marketplace, and Riverside, CA, at Canyon Springs Marketplace, the company announced....
Nordstrom Rack, looking to advance it’s Closer to You strategy, is adding three new merchandising and supply chain executives after its parent company closed out a strong fourth quarter. Parent Nordstrom named Nancy Mair, senior vice president, Rack...
