Fears of recession persisted for much of 2023 but now, analysts are cautiously shifting the conversation. Matt Katz was featured in this WWD article discussing how retail will be impacted in 2024 as fears of recession ease.Learn More
Last year, rather focus on growth, many retailers focused on cutting costs. Matt Katz was quoted in this Modern Retail article discussing pressures that led many retailers to focus on cost cutting last year.
Matt outlines some factors that lead to cost cutting in 2023, “The things that we did to build capability and create new environments were costly and the shopping behaviors and patterns are continuing to evolve. Retailers recognize that after years of capital investment, it was prudent to rethink the way they manage expenses.”
He explains that not all retailers had to make significant changes, “Cost cutting implies that it was too high. It’s an alignment of cost to sales realities. Retailers that are engaged in significant cost-cutting programs right now are doing so right now because their performance requires them to.”
Matt Katz shares his perspective on what's ahead for the 2023 holiday shopping season in this Retail TouchPoints report.Learn More
Matt Katz was featured in this Digital Commerce 360 article about why the beauty category is poised to win big this holiday season.Learn More
Buzzy fashion stocks had a tough year. Matt Katz was featured in "Fashion Stocks Seek Redemption After Wall Street Fallout" in WWD about the road ahead.Learn More