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PBS

The retail trends, winners and losers of 2024

PBS
Summary
Nutrition label

68% Informative

Shoppers and restaurant patrons in the U.S. were choosy about where and how to spend their money.

Well-heeled customers traded down to Walmart and Aldi .

At least 22 restaurant chains filed for bankruptcy this year , the highest number since 2020 .

Wide-leg jeans silhouette the it’ style that rapidly replaced boot-cut and skinny jeans .

Several decades-old chains threw in the towel in 2024 , succumbing to rising competition, changing dining patterns and big portfolios of outdated restaurants.

Department stores, particularly those catering to middle income shoppers, have struggled to hold onto customers as many turn to online shopping or to fast-fashion retailers.

Kohl ’s reported its 11th consecutive quarter of sales declines this year .

VR Score

75

Informative language

79

Neutral language

15

Article tone

formal

Language

English

Language complexity

44

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links