By Emily Sanders
Today in retail, inflation-smacked consumers content to eat dinner and watch movies at home for now, while retailers are using cash incentives to encourage customers to pick up their orders. Plus, Harrods postpones summer sale amid supply chain hang-ups.
With spiraling food and gasoline prices fueling a level of inflation and lost buying power, the financial appeal of simple luxuries like “dinner and a movie at home” continue to be a good fit for the countless households facing an unprecedented struggle to make ends meet.
In announcing its increased full-year sales outlook, the Connecticut-based specialty retailer pointed to “current trends in its business and the outlook for the remainder of 2022,” as well as its intention to leverage investments in talent, capacity expansion, tech and operations.