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•The retail trends, winners and losers of 2024
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chains threw in the towel in 2024 , succumbing to rising competition, changing dining patterns and big portfolios of outdated restaurants.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