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- 1US Consumer Sentiment Falls Near Record Low in September▼Consumer sentiment🚨dropped in Sept close to the lowest level ever recorded in the 74-yr history of the Univ of MI's mont
US consumer sentiment dropped in September to near the lowest level ever recorded in the 74-year history of the University of Michigan's monthly survey, according to fresh data released Friday. Analysts point to a month-long stretch of high inflation squeezing household budgets and an underlying oil supply shock that pushed up costs, souring shoppers' outlook on the economy.
- 2Affordable fashion chain to close 120 stores citing pressure on customers●Affordable fashion chain closing 120 stores due to ‘negative pressure’ on customers
A budget-friendly fashion retailer has announced it will shut 120 stores, pointing to 'negative pressure' on its customers — a signal that financially stretched shoppers are cutting back on discretionary spending. The closures mark a significant downsizing for the chain and add to a broader wave of retail store closures as brands grapple with weak consumer demand and rising costs.
- 3Seattle bans surveillance-based grocery pricing●Seattle City Council votes to ban surveillance pricing in sale of groceries
Seattle's City Council has voted to ban surveillance pricing in the sale of groceries, stopping retailers from setting individualized prices based on customer data such as shopping history, location, or personal profiles. Consumer advocates including Consumer Reports welcomed the move, saying it protects shoppers from hidden discrimination, while retailers may face new compliance costs.
- 4Walmart says it won't raise prices based on shopping history●Walmart won't hike prices based on your shopping history, CEO says https://www.theverge.com/tech/1001492/walmart-dynamic
Walmart's CEO has said the retailer will not use dynamic pricing to raise prices for individual customers based on their shopping history, addressing concerns around its digital shelf labels. The statement comes as shoppers worry that electronic price tags could let stores charge different customers different amounts for the same item.
- 5A Bunch of Designers opens Le Marais pop-up for Paris Fashion Week●A Bunch of Designers launches three-week pop-up in Le Marais alongside Paris Fashion Week
A Bunch of Designers, a collective backed by Richemont, has opened a three-week pop-up space in Le Marais, Paris, timed to coincide with Paris Fashion Week. The initiative gives emerging designers a retail platform during one of fashion's busiest weeks, drawing attention from industry watchers and shoppers in the French capital.
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PwC analysis highlights how US consumer spending is diverging along a 'K-shaped' pattern: higher-income households continue to spend strongly on travel, dining and discretionary goods, while lower-income households cut back as inflation and borrowing costs strain budgets. The report suggests retailers and consumer brands face increasingly split demand, with value-focused formats gaining ground among squeezed shoppers while premium segments stay resilient.
- 7Kroger, Giant Eagle and DoorDash build agentic AI assistants●How Kroger, Giant Eagle and DoorDash are building their agentic AI assistants
Kroger, Giant Eagle and DoorDash are developing agentic AI assistants, systems that can carry out multi-step tasks for shoppers rather than just answer questions, according to Modern Retail. The report looks at how each grocery and delivery company is building the technology into its apps and operations.
- 8Le Bon Marché Adds Collectible Pieces With Designer Edgar Jayet●Le Bon Marché Brings Collectible Pieces Into Its Luxury Retail Suite With Designer Edgar Jayet
Parisian department store Le Bon Marché is expanding its luxury retail offering with a suite dedicated to collectible pieces, created in collaboration with designer Edgar Jayet. The move reflects a broader push by established retailers to court collectors and design-focused shoppers with limited, one-of-a-kind objects alongside traditional luxury goods.