On the halfway point of 2023, the retail industry has tackled rapidly changing consumer demands, store closures and bankruptcies and inflationary price trends — the economic headwinds have hit hard, leaving executives with a lack of control.
In the newest WWD-hosted webinar, Ethan Chernofsky, senior vice chairman of promoting at Placer.ai, joined Arthur Zaczkiewicz, executive editor of strategic content development at WWD, to see where retail sits on the half-year mark and discuss what retail will seem like within the second half of 2023.
Chernofsky addressed retail’s first-half challenges, acknowledging that retailers and types are still very much coping with the impact of several macroeconomic headwinds. Concurrently, consumer behavior shifts are happening which has created a trading down effect with increasing mission-driven...
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