US retail industry readies itself for legislative challenges in 2024. Superdry in talks with potential sponsors over taking company private. And ACS urges police and crime commissioners to unite against retail crime.
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. 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.
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