Value seekers drove 2024’s retail trends and dead ends
LA TimesAmong retailers and restaurants, there were winners and losers as consumers wrestled with high housing and food prices in 2024. Here are some of the trends — and dead ends — that the Associated Press tracked in 2024: WINNERS: WALMART The nation’s largest retailer typically shines during tough times as shoppers turn to the discounter for groceries, which account for 60% of Walmart’s total business. But Amazon could face headwinds in the coming year with threatened tariffs on products from China and labor unrest in the U.S. FAST-CASUAL CHAINS It was a good year for restaurant chains like Shake Shack that are a step up from fast food but still offer good value. The company’s sales slumped as inflation-weary customers chose to eat at home instead of grabbing fast food. Home Depot and Lowe’s also reported lower sales of big-ticket items, particularly discretionary kitchen and bathroom remodeling projects.
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Value-seekers drove 2024’s retail trends and dead ends
Associated Press
Value-seekers drove 2024's retail trends and dead ends
The Independent
The Nordstrom family is taking back control of its store in a $6.25 billion deal
CNNThe Nordstrom family teams up with a Mexican retail group to bid for its namesake retailer
Associated PressNordstrom’s results reflect cautious consumer spending, echoing department store sector blues
Associated Press
Shoppers go back to stores, but retailers face challenges
The Independent
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