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How retail is shaping up in 2024

February 1, 2024


While some pandemic problems in retail have waned, with inventories leveling off and consumers returning to buying both in-stores and online, 2024 is not without its challenges.

Consumers are feeling the impact of inflation, while retail C-suites continue to see turnover. Additionally, layoffs — which retailers turned to last year to trim costs — have continued into the new year as businesses emphasize profits in a tough macroeconomic environment.

Retailers continue to report theft as a challenge, and close stores because of it, but key numbers related to “organized retail crime” have come under scrutiny.

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