What's in Store? - Value in vogue and voracity in fitness trends

Retail Retold

Topics: Retail, real estate, consumer spending, holiday sales, health and wellness, gym industry, marketing psychology, e-commerce, value retail, consumer trends

In this episode of What's in Store, hosts Chris Ressa and Karly Iacono are in the nitty-gritty of consumer spending trends, holiday sales performance, and the HOT category of health and wellness. They also discuss the psychology behind marketing headlines, the significance of value in retail, and the booming gym industry, all while emphasizing the importance of understanding consumer sentiment in today's market.

Takeaways

• Betteridge's Law suggests headlines ending in a question mark usually have a 'no' answer.
• Holiday sales outperformed expectations, indicating strong consumer spending.
• Consumers are willing to spend more despite rising debt and inflation.
• E-commerce growth is significant, especially for retailers with omni-channel platforms.
• Value retailers, such as discount and off-price stores, outperformed during the holiday season.
• Health and wellness is a rapidly growing sector, driven by cultural shifts towards healthier lifestyles.
• Gym memberships are at an all-time high, indicating a strong interest in fitness.
• The competition in the gym industry is fierce, with many specialized offerings available.
• Consumers are more value-conscious when purchasing goods compared to services.
• Retail real estate must consider both goods and services in their strategies.

Chapters

00:00 The Psychology of Headlines

03:03 Holiday Sales Performance

06:05 Consumer Spending Trends

09:03 Retail Categories and Value

11:56 The Rise of Health and Wellness

21:09 The Gym Industry Landscape

30:02 Consumer Sentiment and Spending Behavior

About Retail Retold:

The Retail Retold Podcast highlights community retailer stories from across the country and gives a behind-the-scenes perspective from business leaders in both retail and real estate industries. The show’s episodes contain valuable insights that help solve the needs of entrepreneurs and real estate pros. Join host Chris Ressa and new guests weekly for amazing insights and thought-provoking stories.