Rolling coverage of the latest economic and financial news
With retail sales volumes increasing across most categories last month, many retailers will be cautiously optimistic, says Tom Youldon, partner at McKinsey & Company.
Fragile consumer confidence may be lifted as inflation continues to hover close to the 2% mark and the first cut to interest rates since 2020 starts to feed through to household budgets.
While milestone events like the return of Taylor Swift’s Eras Tour and the final bank holiday could also give retailers an opportunity to deliver value, drive engagement and increase conversion with carefully planned promotion strategies.”
Continue reading…Rolling coverage of the latest economic and financial newsWith retail sales volumes increasing across most categories last month, many retailers will be cautiously optimistic, says Tom Youldon, partner at McKinsey & Company.Fragile consumer confidence may be lifted as inflation continues to hover close to the 2% mark and the first cut to interest rates since 2020 starts to feed through to household budgets.While milestone events like the return of Taylor Swift’s Eras Tour and the final bank holiday could also give retailers an opportunity to deliver value, drive engagement and increase conversion with carefully planned promotion strategies.” Continue reading…