Modern Retail Rundown: The future of fast fashion, dollar stores struggling & big CPGs not letting up on price increases
The Modern Retail Podcast · Digiday
June 3, 202326m 52s
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Show Notes
This week's Modern Retail Rundown starts out with an analysis on why digital fast fashion players like Shein and Temu lose money on orders despite their popularity. Next, recent earnings reports show that dollar store chains like Dollar General and Dollar Tree are struggling as customers cut back on spending. Finally, we take a look at big companies like PepsiCo. continuously raising prices to increase profits, even as product demand declines.
Stories cited:
- https://www.wsj.com/articles/fast-fashions-curious-comeback-8a5516c5
- https://www.wired.com/story/temu-is-losing-millions-of-dollars-to-send-you-cheap-socks/
- https://www.cnbc.com/2023/06/01/dollar-general-dg-q1-earnings-report-2023.html
- https://www.cnbc.com/2023/05/25/dollar-tree-dltr-earnings-q1-2023.html
- https://www.nytimes.com/2023/05/30/business/economy/inflation-companies-profits-higher-prices.html