RM Newsletter January 2025
Retail Merchandiser Magazine
Retail Merchandiser magazine has been reporting on the retail sector and all its complexities for nearly six decades.
Hello ????,
Key highlights in today's edition:
Top stories:
?? Retailers see success in holiday season despite record credit card debt The 2024 holiday retail season saw a 3.8% increase in sales compared to last year, signaling robust consumer spending despite economic uncertainties. E-commerce led the charge with a 6.7% rise, highlighting the growing preference for online shopping, while physical stores also experienced modest growth.?
However, this growth comes with a concerning backdrop of rising consumer debt. Reports reveal that 36% of shoppers relied on credit for holiday purchases, with average debt climbing to $1181.?
?? Supply chain concerns put Shein and Temu under legislative spotlight
Shein and Temu are facing increasing scrutiny from lawmakers over their supply chain transparency. Allegations of poor labor practices and concerns over ethical sourcing have prompted questions about the accountability of these rapidly growing brands. As fast fashion continues to dominate global markets, this inquiry highlights the tension between affordability and ethical responsibility.
领英推荐
?? Walmart and Branch Messenger sued by CFPB over driver pay practices Walmart and its payment partner, Branch Messenger, are under legal scrutiny as the Consumer Financial Protection Bureau alleges unlawful compensation practices in their Spark Driver program. The claims include unauthorized account openings, mandatory use of specific accounts under threat of termination, and misleading drivers about immediate access to earnings, resulting in over $10 million in fees.?
??McDonald's partners with Pokémon GO for exclusive in-restaurant events
McDonald’s has teamed up with Pokémon GO for a unique collaboration that brings exclusive in-game experiences to its restaurants. During this limited-time event, participating McDonald’s locations will feature PokéStops, gyms, and rare Pokémon spawns, encouraging players to explore, battle, and collect while enjoying McDonald’s offerings.?