📢 Hey, Retailist Roundup readers! With the weekend coming up, let’s dive into the latest retail and e-commerce buzz!

News from Retailist

How Retailers Can Adapt to Holiday Spending Trends in 2024

Today’s EDI solutions provide enhanced visibility, tap into advanced technology, and increase resilience against disruptions, opening the door to countless benefits that ensure success in today’s complicated supply chain environment.

Have an exclusive scoop on a retail story? Click here to email our team.

In the news: Top headlines this week

Global luxury sales to fall 2% in 2024, among weakest years on record, Bain says. Personal luxury goods sales are projected to decline by 2% this year, driven by price hikes and economic uncertainty. Bain & Company reports a 20-22% drop in China, marking a shift after years of strong growth fueled by a wealthy, expanding middle class. [Reuters]

Amazon launches low-cost ecommerce service in US to challenge Temu. Amazon has launched Amazon Haul, a low-cost service offering products priced at $20 or less in the U.S., aiming to compete with Shein and Temu. The move follows Amazon CEO Andy Jassy's observation of customers shifting to cheaper, essential items. [Reuters]

How retailers are making it harder to shop, just in time for the holidays. As the holiday season kicks off, retailers are boosting marketing to attract shoppers but making errors that drive customers away. Nikki Baird, VP of strategy at Aptos, notes that today’s consumers expect more from in-store experiences than they did five years ago. Here’s a look at the most common retail missteps in merchandising and operations. [Retail Dive]

October retail hiring hit a low not seen since before the pandemic. Despite record seasonal hiring announcements, actual retail and transportation job additions in October were the lowest since before the pandemic, with retailers adding 124,700 jobs and transportation and warehousing adding 61,300, according to Challenger, Gray & Christmas. [Retail Dive]

Annual inflation rate hit 2.6% in October, meeting expectations. In October, the consumer price index rose 0.2%, bringing the annual inflation rate to 2.6%. Core CPI increased 0.3% monthly, reaching 3.3% year-over-year, with shelter prices as a major contributor. Inflation-adjusted hourly earnings rose 0.1% for the month and 1.4% annually. [CNBC]

Job Board: This week’s Top Openings in DTC, RetailTech, and more

Want to submit a role to our talent board? Email [email protected].

• Associate Manager - NNI Business Solutions Strategy & Execution (Plainsboro, NJ) Novo Nordisk - more here

• Director, Growth Product Management (Washington, DC) Upside - more here

• Vice President of Service & Construction - East (Bethesda, MD) AIR Communities - more here

• Art Director — Digital/Social (New York, NY) Harry's Inc. - more here

• Senior Executive Business Partner (Boston, MA) Klaviyo - more here

✈️ Upcoming Industry Events

• RILA CEO Forum - January 2025

• Retail Summit Saudi - January 2025

• The FMI Midwinter Executive Conference - January 2025

• ICBA Conference & PRIMEtime - February 2025

ABOUT RETAILIST

Retailist Magazine is an outlet focused on modern commerce as it relates to digital innovation. The publication examines our culture’s ever-evolving relationship with marketing, commerce and traditional retail. Our goal is to connect our audience to quality content and award programs for retail brands to tell their story of innovation.

These experts stand at the helm of their niche in retail and provide readers with real-time, trending insights to ensure you remain on the bleeding edge of commerce innovation. Contributing thought leaders include C-suite executives from Vistaprint, Hubspot, Wix, Printful, Global-e, Zapaygo, TradeGala, Birdie, Inurface Media, and more.