Nicole Kirichanskaya’s Post

📈 While the everyday consumer has become price-sensitive with the growing costs of living in the US, the 1 per cent is still spending – to a point where the luxury shopping market has become more competitive than ever. 🛍 According to global data and business intelligence platform Statista, the luxury goods market is projected to generate a revenue of $368.9 billion in 2024. The market is expected to grow at a compound annual growth rate of 3.22 per cent between 2024 to 2028, with luxury fashion making up the largest segment at an estimated market volume of $115.9 billion in 2024. ➡ Head to Inside Retail US to find out how retailers like Saks Fifth Avenue, Mytheresa, and IN-SEAM are tapping into the power of personalized shopping to connect with the 1 percent shopper, with commentary from Marie Driscoll, CFA and Heather Kaminetsky. #insideretail #retailnews #saksfifthavenue #mytheresa #shopping #consumer #personalshopper #brickandmortar #strategy #linkedin #editorial #article

😓 Raising sufficient capital as a brand founder is never a simple feat, whether you’re a retail newbie or a veteran. 💰 However, in recent years it has become more challenging than ever for Black brand founders to receive the support they need, both emotionally and financially, to lift their businesses off the ground or keep their companies running sustainably. 🗣 Inside Retail US spoke with retail executives including Dalaisé Hickey, LMSW of BabyDonna, Nikki Porcher of Buy From A Black Woman, and Nancey Harris of VONTELLE Eyewear to hear more about how they have been responding to recent fiscal shifts and how the retail industry at large can better support Black brand founders. 🖱 Check out the link below to find out more! #insideretail #retail #retailnews #blackowned #funding #dei #linkedin #editorial #article

💡 J. Mone't Fulgham is an incredibly talented worker and any company would be lucky to have her on their team. #linkedin #networking #jobhiring #jobs #tech #software #remotework #hr #recruiter #jobseeker

👩💻 Looking to connect with retail tech experts. ⌨ If this is you or someone you know, please comment below or send me a DM. 😄 I look forward to making new connections in this space. #linkedin #networking #connections #tech #techexpert #retailexpert #retail #consumer #technology

👰 From acquiring an engagement ring to buying a wedding dress, few life events are as rife with retail opportunities as planning and hosting a wedding. 👗 In recent years, specific segments of the wedding retail industry, such as bridal wear, have shown exponential growth that is expected to continue. Valued at $11.85 billion last year, the bridal wear market is expected to reach $18.54 billion by 2030, expanding at a compound annual growth rate of 6.6 per cent in this time frame, Maximize Market Research states. 📈 An epic 2.6 million weddings took place in 2022, as wedding activity has bounced back post-pandemic. One factor is the growing number of Gen Zers walking down the aisle. 🏃♀️ Head to Inside Retail US to learn more about the new wave of consumers walking down the aisle! #insideretail #retailnews #retail #bridal #wedding #apparel #genz #consumer #shopper #trends #editorial #article

🛍 The mall concept as we know it began in 1956 with the opening of the Southdale Center in Edina, Minnesota. The multi-store shopping center steadily grew in popularity in the US, hitting peak popularity in the 1980s. 📈 However, in the past two decades, the American mall has been standing on shaky ground due to factors like the 2008 recession and, more recently, the butterfly effect of the Covid-19 pandemic. Yet, in recent years, things seem to be looking up once more for the American mall once more. 🗣 Inside Retail US Retail connected with retail experts Nikki Baird, the vice president of strategy and product at Aptos Retail, a retail technology company, and Neil Saunders, managing director and retail analyst at GlobalData Plc, to gather their thoughts about the potential “Great Mall Resurgence” and what retailers should keep in mind. 🖱 Click on the link below to find out! #insideretail #retail #mall #shopping #consumer #retailnews #editorial #linkedin #article