The Weekly Consensus™ brings to your inbox every Monday a summary of the major stories that impacted consumer businesses in the prior week. It also includes “The Big Story” – and editorial by a Consensus professional commenting on an item of significance to the industry.
On Instagram this past Tuesday, Kim Kardashian announced the end of E! network’s reality television show Keeping Up With the Kardashians after 14 years and 20 seasons. For fans of overindulgent drama and intrigue, fear not. Our cravings can be satisfied over the coming months with the fallout from another announcement last week: LVMH’s decision […]
Last Wednesday, members of the Milwaukee Bucks franchise of the National Basketball Association elected to boycott their playoff game against the Orlando Magic to bring attention to the shooting of 29 year old Jacob Blake by a member of the Kenosha, WI police department the prior Saturday. The Bucks’ action prompted other sports leagues to […]
On March 16th, the day before the U.S.’s first statewide stay-at-home order was announced (in California), one Consumer industry observer expressed serious concern for the sporting goods industry in an article entitled “COVID-19 Isn’t Playing Games. Neither Is Anybody Else.” The writer noted that the share price of Dick’s Sporting Goods (DKS) had fallen nearly […]
Last Monday, my colleague wrote a piece in this space about the challenges faced by traditional malls and how mall operators are responding to COVID-19 called “The End of the Mall as We Know It?” One particular news item that broke in the subsequent days made that title seem nearly clairvoyant. The Wall Street Journal […]
COVID-19 has wreaked havoc on retail and accelerated a number of trends that were already challenging for traditional malls. One such trend, the growth of ecommerce, was fast-tracked in 2020, with stay-at-home orders and retail shutdowns driving much of the change. According to Adobe Analytics, U.S. online sales reached $73.2 billion in June, an increase […]