US Black Friday sales rose 2.5% YoY, extending 2022’s double-digit growth

Canadian retail sales dropped 0.6% in September 2023; CBI survey shows UK retail sales volumes down YoY in November 2023; and Decathlon buys German online outdoor retailer Bergfreunde 

View in browser View in browser  |  Forward to a friend  | Signup In Brief November 28, 2023 | Up-to-date international news and features on the global retail industry Spotlight US Black Friday sales rose 2.5% YoY, extending 2022's double-digit growth Jewellery and apparel emerged as the top gift sectors of 24 November. Answer our poll question Latest news Canadian retail sales dropped 0.6% in September 2023 Four of nine subsectors in Canada recorded increased retail sales during the month. CBI survey shows UK retail sales volumes down YoY in November 2023 The decline was at a much lower pace of 11% compared with 36% in the year to October. Decathlon buys German online outdoor retailer Bergfreunde Bergfreunde will continue to operate as an autonomous and independent subsidiary. Groupe Casino increases its stake in Cnova to 98.8% The acquisition aligns with the group's financial restructuring programme and with a simplification of Cnova's ownership structure. Signal: What has driven Abercrombie & Fitch's Q3 success? A&F's brand glow-up, better performing supply chains, and reduced inventories continue to drive record sales increases. Sony faces $7.9bn lawsuit in UK for abusing dominant position Sony is alleged to have imposed restrictive terms and conditions and/or technical restraints on customers. UK retailers redirect food donations to 57 million charitable meals These donations have helped cut waste and reduce emissions from food production and transport. Read more news In-depth read Personalization has grown alongside online retail Personalization has increased as technologies have advanced, with a retailer's ability to collect, analyze, and utilize consumer data being aided by the effective use of analytics tools. Consumers are also increasingly individualistic, especially Gen Z, and want products that are specifically targeted to their needs and goals. These consumers are often willing to pay a premium for such items. Personalized products are currently especially prevalent in the health & beauty sector, due to the links to the health & wellness trend, which is also particularly important to young consumers. GlobalData network Packaging Gateway   |   Just Style   |   Just Drinks   |   Just Food Thank you for reading. Please send any news or comments to: consumer.editorial@verdict.co.uk Contact us LinkedIn | Twitter Editorial consumer.editorial@verdict.co.uk Advertise with us Click here About Retail Insight Network retail-insight-network.com is one of a network of 30+ proprietary B2B websites, with an unrivalled global audience of active decision makers, influencers, and opinion leaders across the world with a combined readership of 55 million industry professionals each year.   Was this email forwarded to you? Sign up here GlobalData, John Carpenter House | Registered in England No. 03925319, John Carpenter Street, London, EC4Y 0AN, United Kingdom Unsubscribe Manage Preferences London