2024 APRIL ISSUE
MARKET INTELLIGENCE
SHORT READ
| PART 1
Contents:
Apparel Rental Business
For a Change Now, Shoppers Prefer the Outdoors
Nike, Number 1 Brand in Sports Industry is Dealing Its Challenges
Requirement of Human Rights in the Garment Industry for Public Listed Company
Shoplifting is Posting a Threat to Retailers
Frauds in Return of Purchases
Burberry is Facing New Challenges
Resale Value of Luxury Products
Macy’s Rejected Takeover Bid
Fashion Retailers Supply Chain Challenge
Shoplifting is Becoming a Threat to Retailers
German KaDeWe Department Filed for Insolvency
Written by Andrew Sia
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From the Desk of the Publisher
Retail business has been very challenge in recent years. I feel very sad for those who are still struggling in the industry. When you read that it could lead the loss of $142 billion due to what is known as inventory shrink in 2023.
The fraudulent returns of merchandise were more than $100 billion, or 13.7% of the overall retail sales. This again is a very big loophole that should have to close.
This also shows us that there are many dishonest activities out there and it is sad to see how human behavior can become so low and lack of moral.
When I was looking for the insert for “Apparel Rental Business”, I came across a diagram showing the two parts—customer side and company side—and I must admit that it is really a very complicate process. I can also feel that there is so less the business operators can make with those meager fees that they are collecting. I can’t see the future of it.
I hope that the next writeup would have more encouraging news. Please stay tune.
