Press Coverage

  • Business Insider

    Based on January 2017 forecast data from Fung Global Retail and Technology, the share of sales captured by retail and consumer-to-consumer (C2C) ecommerce in China will start to plateau after this year. Continue Reading

  • CNBC

    For a retailer to succeed, it also needs to have the right product. And while technology can help deliver a dose of excitement in stores, it should also take some of the friction out of shopping, Deborah Weinswig, managing director of Fung Global Retail & Technology, told CNBC. Continue Reading

  • eMarketer

    Other data supports the idea that ecommerce sales are no longer growing at the sky-high rates that once characterized China’s online economy. Based on January 2017 forecast data from Fung Global Retail and Technology, the share of sales captured by retail and consumer-to-consumer (C2C) ecommerce in China will start to plateau after this year. While that share is expected to reach 21% in 2017, it will increase by only 4 percentage points over the following three years, hitting 25% in 2020. Continue Reading

  • The Street

    "Innovation is not solely about technology. It can be what you do inside the box." Continue Reading

  • RetailNews Asia

    “We believe this policy move injects confidence into China’s [cross-border e-commerce] industry as it demonstrates the authorities’ determination to provide regulatory clarity and spur growth for the industry,” Fung Global Retail & Technology MD Deborah Weinswig said in an email. Continue Reading

  • The Robin Report

    Thanks to Fung Global Retail & Technology, we can show two revealing charts that raise more questions than answers. First of all, while the announced number of store closings total roughly 500 more than store openings, Fung doesn’t account for the square footage difference. Second, we don’t know what the independent and small chain store comparison is. And third, it would seem impossible to account for the hundreds of e-commerce websites opening every week compared to those closing. Continue Reading

  • https://fashionunited.uk/news/retail/supermarkets-drive-growth-in-value-clothing-market/2017041924245

    Value retailers account for almost one-quarter of the total UK clothing market, according to estimates from retail think tank, Fung Global Retail and Technology, and that growth is being driven by supermarkets and online-only retailers. Continue Reading

  • Retail Gazette

    John Mercer, the lead UK analyst at Fung Retail & Technology, told the Retail Gazette that while economic uncertainty could entice shoppers to postpone discretionary purchases until there was greater certainty, he does not believe an early election would bring any “meaningful negative impact” to the retail industry. Continue Reading

  • Reuters

    Wal-Mart is the world's largest brick-and-mortar clothing retailer, with 2016 sales exceeding $23 billion, according to retail think tank Fung Global Retail & Technology. Continue Reading

  • Urban Land

    “China is moving to a cashless society,” said Deborah Weinswig, managing director of Fung Global Retail & Technology, who is based in Hong Kong. Mobile payments—payment processes performed via mobile devices—have a huge market share in China. E-wallets (also known as mobile wallets or digital wallets) are used to initiate mobile payments; they account for a 58 percent share of the mobile payment market in China, the highest percentage globally. In the United States, that figure is just 15 percent. Continue Reading

  • The Wall Street Journal

    Consumers no longer prefer a one-stop approach to shopping,” said Deborah Weinswig of Fung Global Retail & Technology, a think tank. “This coincides with the current sentiment that big is the opposite of cool, making it very difficult for major retailers and brands to maintain a high level of cachet. Continue Reading

  • Business of Fashion

    Walmart is the world's largest brick-and-mortar clothing retailer, with 2016 sales exceeding $23 billion, according to retail think tank Fung Global Retail & Technology. Continue Reading

  • Drapers

    A revival in clothing sales at supermarkets and a boom in revenues at etailers are driving growth in the value clothing sector, a new report from retail thinktank Fung Global Retail & Technology has found. Continue Reading

  • Retail Times

    A resurgence in apparel sales at grocery stores and a boom in revenues at online-only retailers are driving growth in the value clothing sector, according to a new report from retail think tank, Fung Global Retail & Technology. The value clothing market was worth nearly £10 billion by the end of 2016, equivalent to around one-quarter of the total UK apparel market, and it continues to grow in 2017. Continue Reading

  • Alizila

    “We believe this policy move injects confidence into China’s [cross-border e-commerce] industry as it demonstrates the authorities’ determination to provide regulatory clarity and spur growth for the industry,” Fung Global Retail & Technology Managing Director Deborah Weinswig said in an e-mail. Continue Reading

  • InsideOutdoor

    “The glass is certainly half full in 2017, based on Prosper’s confidence indicator among both consumers and small business owners. With optimism riding higher, we could see a lift in consumer spending and small business hiring, and the beginnings of a virtuous cycle where hiring leads to increased spending and further confidence gain,” said Deborah Weinswig, Managing Director of Fung Global Retail & Technology at Prosper. Continue Reading

  • Retail Gazette

    With multiculturalism, more prominent than ever in the UK, why are traditional Christian Holidays, along with American imports like Halloween still so prominent, while major events from other cultures are ignored? “A fundamental reason is scale,” Fung Global’s lead UK analyst John Mercer said. Continue Reading

  • CNBC

    As the industry contracts, incumbent retailers like Kohl's and Target are investing in their physical shops in hopes of grabbing more market share. Between Macy's, Penney's, Sears and Kmart, Fung Global Retail & Technology estimates some $2.5 billion in sales will be captured by competing retailers. Continue Reading

  • Observer

    Analysts have been talking about the oversaturation of the American retail landscape for some time. In 2013, the United States had 7.5 billion square feet of retail space, which works out to approximately 20 square feet per person. The U.K. has the second biggest concentration of retail space in a nation, with 3 square feet per person. In other words, the U.S. has nearly seven times the retail space as the number-two spot. A shakeout has been coming for a while—both among retail chains and malls in general. The International Council of Shopping Centers says there are 1,221 malls in the United States; Fung Global Retail and Technology Managing Director Deborah Weinswig wrote, “Given the current oversaturation of malls in the U.S., at least 30 percent of them need to be closed.” Continue Reading

  • NY Daily News

    It gets worse for retailers: Research from First Insight and Fung Global Retail & Technology published in October found that between January 2013 and June 2016, consumers were only willing to fork over 76% of full price for womenswear items Continue Reading

  • Retail Touch Points

    For efficient brand impact in China’s massive retail market, more U.S. retailers are turning to key opinion leaders (KOLs) to influence Chinese consumers’ online purchases. Fung Global Retail & Tech expects the emergence of KOLs as ‘cewebrities’ — popular online personalities — will continue to propel the growth of cross-border e-Commerce for foreign retailers. Continue Reading

  • Biz Journals

    A panel on Thursday at ULI Carolinas’ conference in Charlotte discussed how technologies already implemented in international markets will eventually become the new norm in the United States, disrupting our lives, ways of doing business and built environments. The panel — Trish Healy, principal at Raleigh developer Hyde Street Holdings; Linda Isaacson, senior vice president at First American Title Co.; and Deborah Weinswig, managing director at Fung Global Retail & Technology — stressed that seemingly far-fetched technologies are coming soon. Continue Reading

  • Fibre2Fashion

    Deborah Weinswig, "retail technology's leading lady" and managing director of global think tank Fung Global Retail & Technology, has joined the board of directors of International Trading Fashion & Apparel Supply, the Hong Kong trading office of Kiabi. Weinswig brings expertise in the intersection of fashion, retail trends and technology solutions to ITFAS. Continue Reading

  • Chain Drug Review

    There appears no letup in interest in Korean beauty brands, which have seen strong growth in sales volume, with exports reaching $2.45 billion in 2015, according to Deborah Weinswig, managing director for Fung Global Retail and Technology. Korean beauty brands, she reasoned, have adopted fast fashion development cycles for beauty. Just as Forever 21 rushes a runway style to its stores, Korean beauty companies can duplicate the latest trends. BB creams, cushion compacts and sheet masks are all examples. Continue Reading

  • The Telegraph

    It does not take a trip to any of the new board game cafés in London to see that a pattern is emerging, and it is a trend that is providing significant encouragement – and financial benefits – to the manufacturers and retailers of these more traditional, old-school hobbies at a time when technological advances had threatened to render them obsolete. “British shoppers are showing a renewed appreciation of physical products,” wrote John Mercer, a lead analyst at Fung Global Retail, in a recent report. Continue Reading

  • MarketWatch

    Fung Global Retail & Technology quotes Euromonitor International, which puts clothing and footwear sales made through Amazon U.S. at $13 billion in 2016. However, excluding third-party sales on its site, Fung says the figure drops to $5.5 billion for the year. Continue Reading

  • Sourcing Journal

    Fung Global Retail & Technology’s recent report, “Deep Dive: Retail Revolution-US Apparel Shifts in 20 Charts,” breaks down the misconceptions about the U.S. retail scene, including Amazon’s domination and fast fashion growth. While off-price stores remain favorite shopping destinations, consumers are still pursuing brick-and-mortar outlets most for their wardrobe needs. [subscription required] Continue Reading

  • TextilWirtschaft

    Nach Angaben des Think-Tanks „Fung Global Retail & Technology” (FGRT) sind die aktuell in der Branche kursierenden Hiobsbotschaften zu... [German Only Subscription Required] Continue Reading

  • Express

    John Mercer, UK Lead Analyst at Fung Global Retail & Technology – a global group of analysts from a think tank that specialises in the retail sector - believes many kinds of alcohol that Brits enjoy will become more expensive. Continue Reading

  • CNBC

    Their expansion should continue to fuel off-price apparel sales, which grew 39 percent between 2011 and 2016, according to Fung Global Retail & Technology. Continue Reading

  • Retail Info Systems News

    4. Deborah Weinswig. Weinswig is the managing director of the Fung Global Retail & Technology. She heads the global intelligent unit leading the research and ideation across the retail landscape. She travels the world to meet with high level executives and is a frequent speaker are numerous industry events. Continue Reading

  • Forbes

    Consumer confidence continues to decline from December’s peak but February’s reading represents a 19% surge over last year. Deborah Weinswig, Managing Director of Fung Global Retail & Technology, weighs in on the evolving state of the US consumer in 2017. Continue Reading

  • Retail Info Systems News

    Deborah Weinswig, managing director, Fung Global Retail & Technology believes the U.S. is oversaturated with shopping malls, with the top performers attracting increasing numbers of shoppers while the weaker sites continue to struggle. “Just 20% of malls categorized as Class A based on productivity, generate 72% of all mall sales,” writes Weinswig. “The current total of 1,221 malls in the U.S. according to the International Council of Shopping Centers simply is too many.” Continue Reading

  • Retail Gazette

    John Mercer, retail analyst at Fung Global added: “Such a move would likely boost consumers’ consideration of Amazon as a fashion retailer.” Continue Reading

  • Fierce Retail

    Currently, about one-third of U.S. consumers are already shopping online for groceries, up 63 percent from 2014, according to a Fung Global Retail & Technology report recently published. But sales are not proportionate because those shoppers tend to buy specific items only online and still don't use digital stores as much as physical stores. Continue Reading

  • Stuff

    Global firm Fung Global Retail & Technology has predicted 17 trends that are likely to impact retail this year, some of which involve robots, virtual reality, and drones. Continue Reading

  • Yahoo Finance

    After a successful Super Bowl Week, which showcased some of the latest Sports Technology, OurCrowd, a global leader in equity crowdfunding is partnering with the Adi Dassler International Family Office (ADIFO) backed sports accelerator leAD, to discover high potential innovation in sports-related products and services on a worldwide scale. To celebrate, a special launch event will be held at Jem’s Beer Factory in Petach Tikvah on February 14, 2017, with VIP guests: Horst Bente, CEO at Adi Dassler International Family Office (ADIFO); Deborah Weinswig, Managing Director of Fung Global Retail & Technology; and Aviv Shapira, Senior Director of Operations and Production, Intel Sports Group at Intel Corporation. They are all in Israel to attend the 2017 OurCrowd Global Investor Summit, the largest tech investor conference in the Middle East. Continue Reading

  • Forbes

    Deborah Weinswig, FORBES contributor and Managing Director at Fung Global Retail and Technology, said that there is considerable demand for experiences from gift recipients, like tickets to a sporting event or outdoor adventure. “Some 40% of consumers want an experience gift, however, only 24% plan to give one,” said Weinswig. “We may see an upward trend in experience gifting in the future to fill this shortfall of demand, especially for experiences that cater to tight budgets.” Continue Reading

  • Geo Marketing

    U.S. consumers are expected to spend $1.4 billion less than they did during Super Bowl 2016, says the NRF. Fung Global analyst Deborah Weinswig offers a play-by-play. Continue Reading

  • Fast Company

    Add that to the fact that millennials are now the largest U.S demographic, and they prefer buying experiences and spending toward "creating a lifestyle," according to a recent report by Fung Global Retail & Technology. Millennials are perhaps the healthiest generation—they exercise more, eat better, and smoke less than previous generations. The gym and yoga studio have become social gathering places. Continue Reading

  • PYMNTS.com

    Fung Global Retail & Technology analyst Esme Pau said: “We expect New Retail, a new form of [online-to-offline sales] promoted by Alibaba and supported by Chinese authorities, will shape the retail landscape for China going forward. Earlier in 2017, Alibaba announced the privatization of Intime Retail Group, which we believe would be a test case for its New Retail strategy. Also, other partnerships between physical stores are Alibaba and Sanjiang, JD.com Inc. and Yonghui Supermarket.” Continue Reading

  • Bloomberg

    All this has boosted spending. In the past three years, the average price for a pair of underwear in the U.S. has risen by a third, while prices for men’s apparel overall have declined by about the same amount, according to research by Fung Global & Retail Technology and First Insight. Continue Reading

  • Forbes

    Consumer confidence cooled a bit in January, but stayed well above the 13 month average. What does it mean for spending? Deborah Weinswig, Managing Director of Fung Global Retail & Technology, weighs in, plus she takes a special look this month at how consumers feel overall about their personal financial security. Continue Reading

  • Glossy

    In a November report from Fung Global Retail and Technology, managing director Deborah Weinswig referred to what’s happening to the shopping mall in America as “retail Darwinism.” There are simply too many malls — according to the International Council of Shopping Centers, there are 1,221 malls in the United States — and the rise of Amazon and e-commerce is weeding out the weakest properties. Continue Reading

  • CNBC

    Just 20 percent of the country's best malls generate nearly three-fourths of mall revenues, according to Fung Global Retail & Technology's report. These prosperous malls tend to be located in high-density, affluent or tourist markets, and have grown sales at a double-digit rate over the past five years. Continue Reading

  • Just style

    The rise of e-commerce, the adoption of increasingly intelligent technology, faster delivery and the need for better supply chain visibility will all likely dominate the retail industry through 2017. Fung Global Retail & Technology offers some retails trends to watch out for in the year ahead. Continue Reading

  • CardTrak.com

    From supply chain to purchase delivery, digitalization will continue to remake the entire retail experience this year, and this theme dominates the “17 Retail Trends for 2017,” a new report released by Fung Global Retail & Technology. Continue Reading

  • Retail Gazette

    Lead analyst at Fung Global Retail & Technology John Mercer argues that the concept of the high street itself is inept, and that the focus should shift to the shopper. “The 'death of the high street' has always been a meaningless concept," he said. Continue Reading

  • Forbes

    In 2016, many retailers found themselves at the low end of estimates. Had they had the right predictive analytics, they could have understood the market better and managed accordingly. Deborah Weinswig, Managing Director of Fung Global Retail & Technology, weighs in on some of Prosper’s key predictive analytics and provides much needed knowledge for retailers. Continue Reading

  • Sourcing Journal

    “We continue to be optimistic about 3 percent to 4 percent sales growth and we think sales could come in at the high end of that range,” said Fung Global Retail & Technology’s Shoshana Pollack, senior research associate, during a Planalytics webinar last week. “That’s based on our views that a last-minute surge in shoppers ahead of Christmas more than offset a soft start to the season in early November.” Continue Reading

  • Vend

    Vend is back with our highly anticipated Top 50 Retail Influencers list. The 2017 edition puts established influencers alongside new faces — and like last year’s roundup, it features the industry’s most authoritative analysts, reporters, researchers, and consultants. Check them out below! Continue Reading

  • NRF

    In the US alone, consumer spending on Gen Zers totaled a whopping USD $829.6 billion in 2015. 77% of Gen Zers say they influence their families’ food and beverage purchase. Continue Reading

  • The Guardian

    According to a recent report by Fung Global Retail & Technology, nine of the top 15 “most digital-ready” countries are in Europe. It predicts Sweden could become the world’s first completely cashless society. Continue Reading

  • Shopping Centers Today

    The trend toward “decluttering” – in which consumers strive to buy fewer high-cost products – demands a response from fast-fashion chains in particular, according to Fung Global Retail & Technology. Continue Reading

  • NRF

    STORES worked with Ken Seiff, managing partner of Beanstalk Ventures; Scott Friend, managing director of Bain Capital Ventures; Deborah Weinswig, managing director of Fung Global Retail & Technology; and Jeff Hoffman, co-founder of ColorJar, to identify five retail startups expected to make a big splash in 2017. Continue Reading

  • Connect Media

    Pop-up retail formats are temporary stores that showcase a brand for anywhere from one day to 120 days. “In New York City, pop-ups are popping up everywhere because rents are higher than they have ever been, forcing retailers to look for alternative spaces,” says retail analyst Deborah Weinswig. Continue Reading

  • Vamp

    A new report by Fung Global Retail Tech highlights what a headache shipping can be for retailers. As consumers now increasingly expect free shipping, retailers are usually the ones absorbing the high logistics costs associated with shipping, even for low-cost items and small basket purchases. Continue Reading

  • Sourcing Journal Online

    Ever since Amazon started offering shipping on the house, consumers don’t even want to fork over dollars for small online orders, a new report out by Fung Global Retail Technology said. Free shipping offers have evolved in recent years as retailers battle to accommodate consumers without entirely sacrificing the bottom line—and all in the face of increasing competition. “While free shipping is highly desirable from a consumer standpoint, retailers are usually the ones absorbing high logistics costs, while struggling to maintain competitively low product costs,” the Fung Global report noted. Continue Reading

  • Forbes

    Holiday gift-buying is well under way. However, the holiday season involves more than just buying toys and winter accessories for loved ones. Elaborate meals, travel and decorating are important parts of the festive season. Continue Reading

  • Forbes

    The economic foundation for a strong holiday is in place, but consumers remain highly value focused. What does it mean for the holiday shopping season? Deborah Weinswig, Managing Director of Fung Global Retail & Technology, weighs in on consumer confidence, the Prosper Consumer Spending Forecast, consumer impulsivity and mood in this month’s analysis. Continue Reading

  • Sourcing Journal

    Retail insight company Fung Global hosted a supply chain startup panel, the first event of its Disruptors series, in New York on Tuesday, to address solutions for better compliance and ethical sourcing. At the panel, seven supply chain startups presented their ideas to an executive judge panel and competed for a $25,000 award. Featured startups included ocean freight procurement platform CoLoadX, quality textile inspection company Inspectorio, smart fabric company Loomia, online-to-offline (O2O) business Radius 8 Inc., preventative technology provider Supply.AI, international wholesale marketplace TigerTrade and restaurant industry tool BlueCart. Continue Reading

  • JLL Real Views

    This year, on China’s version of Black Friday – Singles Day, which took place on 11 November – Chinese online marketplace Alibaba traded $18 billion worth of goods. It’s estimated that it will take 9.9 billion cardboard boxes to ship all of these items to Chinese shoppers, for whom shopping is now a national pastime. What’s more, these consumers travel. Around 129 million Chinese tourists are predicted to travel overseas in 2016, according to Fung Global Retail and Tech, are set to spend an average of $1,783 each on goods – up more than 6 percent on 2015 and an amount that has been steadily rising each year. Continue Reading

  • SourceSecurity.com

    The UAV market is a hugely exciting opportunity for the security industry, with FBIC Research highlighting that the commercial value of the market is currently worth $700 million, and is projected to increase to $80 billion by 2025. Now is the time to get into this market, making these two shows must attend events. Continue Reading

  • Chain Store Age

    The Fung Global Retail & Technology team visited 35 stores throughout the Greater New York City area and Las Vegas on Black Friday for a first-hand view on traffic and sales. Here are their top five takeaways from their store visits: Cyber Monday Starts Early for Walmart, Retailers Repeat Same Deals as Last Year, Tech Influence Felt Across Categories, Amazon was Aggressive on Apparel, Many Promotions Identical In-Stores and Online. Continue Reading

  • Seeking Alpha

    Fung Global Retail & Technology: Shoes (FL, FINL) were identified as a hot seller, while jewelry (NYSE:SIG) sales were down. Continue Reading

  • philly.com

    Deborah L. Weinswig, managing director at New York-based Fung Global Retail & Technology, who focuses on where the two intersect, said the "silver" market, ages 65 to 84, was rapidly expanding. "A lot of retailers are adapting to make it easier for that consumer to shop - such as changing the height of shelves, because as we age, we tend not to be as tall, or if a person uses a walker or wheelchair, then they also need to change the width of the aisles. Retailers are more sensitive to the silvers because that is where the wealth is" as far as buying power," Weinswig said. "They're very active, and you're seeing a lot of magazines with a lot of marketing" toward them. Continue Reading

  • Retail Gazette

    The UK’s fashion sector is predicted to recover next year by growing two per cent after a turbulent year for many retailers. New research from retail analyst Fung Global Retail and Technology has reported that the sector has grown by an average of 4.3 per cent over the last five years, but hit a brick wall in late 2015 and has had an “exceptionally weak” performance in the 10 months until October 2016. Continue Reading

  • Drapers

    The UK clothing market is set to grow 2% next year, up from a more subdued 1% this year, according to new research from retail analyst Fung Global Retail & Technology. It found that the market, worth £60.2bn in 2015, grew at a compound annual growth rate of 4.3% during the previous five years but saw a major slowdown in late 2015. Continue Reading

  • Gifts & Dec

    Fung Global Retail & Technology research reported that the smart wearables market will reach $28.7 billion in 2016 with 275 million units shipped. Wrist wearables are expected to grow at a compound annual rate of 30% through 2017, and that apparel, sportswear and body cameras will grow 12% annually over that same period. Continue Reading

  • The Journal Gazette

    Fung Global Retail & Technology noted that this year’s calendar includes 31 shopping days between Thanksgiving and Christmas, two more than last year. Continue Reading

  • The Journal Gazette

    Fung Global Retail & Technology noted that this year’s calendar includes 31 shopping days between Thanksgiving and Christmas, two more than last year. Other factors that will likely drive a spending increase include lower unemployment rates, energy costs and food prices combined with higher wages, the New York think tank said. Continue Reading

  • MrWeb

    In the US, Prosper Insights & Analytics has extended a partnership with international think tank Fung Global Retail & Technology to launch a co-branded Amazon Shopper Intelligence service, highlighting and explaining the online giant's 'encroachment' into different retail sectors. The partners says the service will combine Prosper's insights 'missing from most retailers' loyalty data', measuring and explaining Amazon's march into different areas, with special analysis by Fung helping retailers and investors understand the threat it poses. Continue Reading

  • Women's Wear Daily

    Think tank Fung Global Retail & Technology and business intelligence provider Prosper Insights & Analytics have developed a service that aims to help retailers and investors better understand shopper behavior and the threat of the e-commerce giant. Continue Reading

  • InsideRetail Asia

    Decluttering: Anatomy of a Consumer Trend and How Retailers Can Win, from international think tank Fung Global Retail & Technology says while for some people downsizing and organising belongings is a matter of choice, for others the process is a necessity as rising housing prices force people to live in smaller homes, says the report. Others are focussing on sustainability and the ethical standards of manufacturers, writes Fung Global Retail & Technology MD Deborah Weinswig. Retailers, especially those in fast fashion that have relied on consumers buying a larger number of lower-priced items, will have to adapt to changing consumer needs and values. Continue Reading

  • Forbes

    Deborah Weinswig of Fung Global Retail and Technology put her finger on the difference between shopping in the West and in China: In the West the shopping experience is a chore; in China it is a sport. Brands in China need to pay more attention to customer experience than they might in their home market. Continue Reading

  • RetailWeek

    In its latest incarnation, Singles Day is like Black Friday on acid. Black Friday is eclipsed by Singles Day because the former is "all about the price" rather than experience, says think tank Fung Global Retail & Technology managing director Deborah Weinswig. "Retailers just end up racing each other to the bottom," she says. However, with its focus on retailtainment, Alibaba has successfully given its captive market the shopping experience they desire. Continue Reading

  • The Times

    Increasing inability to get on the housing ladder is changing the way the nation shops, a report claims. As more people rent for longer, typically in smaller homes, retailers have had to adapt by selling smaller, cheaper furniture and devising space-saving solutions. Renting can make it harder to start a family which is affecting the mother and baby sector while younger renters prefer corner shops and small supermarkets. Renters tend not to invest in their homes so DIY stores are having to attract more professional decorators and carpenters. These are the main findings of a report by Fung Global Retail & Technology. Continue Reading

  • Stuff

    Alibaba's Single's Day, China's one-day shopping spree, posted sales of US$17.8 billion ($25 billion) as of midnight Beijing time, a 32 per cent year-over-year growth rate. "A lot of us had a US$20 billion estimate in our heads, but I don't they're they're going to hit it. But it's still incredibly impressive in terms of the dollar volume," said Deborah Weinswig, managing director of Fung Global Retail & Technology. Continue Reading

  • USA Today

    “A lot of us had a $20 billion estimate in our heads, but I don’t they’re they’re going to hit it. But it’s still incredibly impressive in terms of the dollar volume,” said Deborah Weinswig, managing director of Fung Global Retail & Technology. Continue Reading

  • InsideRetail Asia

    International think tank Fung Global Retail & Technology predicts sales of $20 billion during the full 24 hours, up an extraordinary 40 per cent over last year’s total of $14.3 billion, thanks in part to the introduction of Buy+, the world’s first-ever end-to-end virtual reality (VR) shopping experience. “Buy+ will enable global retailers (even those without a physical presence in China) to offer an engaging, virtual in-store experience to Chinese consumers,” writes Fung Global Retail & Technology MD Deborah Weinswig in Singles’ Day Online Shopping Festival Could Also Benefit Retailers’ Physical Stores, a new report. Continue Reading

  • SINA English

    New York-based research firm Fung Global Retail & Technology estimated this year’s sales will exceed US$20 billion, compared with last year’s US$14.3 billion. Purchases using mobile devices will continue to climb and the performance gap between Singles Day and US shopping holidays is set to widen, it said. Continue Reading

  • TechCrunch

    [Quoted tweet] @debweinswig: "#VirtualReality is here at #double11 where I virtually shopped @Macys all the way from #shenzhen" Continue Reading

  • Maple Syrup Media

    Of all the made-up days retailers have managed to create, Singles Day remains, and is likely to stay, the biggest single online shopping day in the world. Never heard of it? It was set up by Chinese online retailer Alibaba, encouraging China’s singletons to treat themselves to a gift. Alibaba is expected to see sales of $20 billion, up 40% on last year, according to the Fung Business Intelligence Center. However, the chances of it catching on in the UK are highly unlikely – despite the best efforts of creative marketing managers attempting to whip up interest among British shoppers. Continue Reading

  • Economic Calendar

    Retail sales on Singles’ Day, a huge shopping and gifting event in China, cruised to a new record, reports the Shanghai Daily – suggesting the Chinese consumer remains resilient. Chinese shoppers bought US$1.5 billion in goods online within seven minutes when the shopping spree began at midnight. New York-based research firm Fung Global Retail & Technology estimated this year’s sales will exceed US$20 billion, compared with last year’s US$14.3 billion, reports the Shanghai Daily. Continue Reading

  • Shanghai Daily

    New-York based research firm Fung Global Retail & Technology estimate this year’s sales to exceed US$20 billion, adding 40 percent from last year’s US$14.3 billion with purchase made through mobile devices continue to climb up, and the gap between Alibaba’s Singles’ Day performance and other US shopping holidays will continue to widen. Continue Reading

  • CNBC

    "Online grocery will take off this holiday season, with consumers buying more turkeys, cranberry sauce and stuffing online than ever, as a result of Wal-Mart, Kroger and others ramping up their e-grocery services," said John Mercer, a senior analyst and research head at Fung Global, a retail and technology think tank. Continue Reading

  • TheStreet

    Market research firm Fung Global Retail & Technology expects Alibaba to generate $20 billion for 2016 Singles' Day, up 40% year-over-year based on its extensive marketing campaigns and Chinese online shoppers' demands for overseas goods. Continue Reading

  • Alizila

    While Americans grit their teeth and click their way through same-same marketplaces, Chinese online shoppers are getting a technology upgrade: during Alibaba’s 11.11 sale, they’ll be able to browse Macy’s aisles through a virtual-reality rig and chase virtual cats in their shopping apps, à la Pokemon Go. “Shopping has been a chore,” said Deborah Weinswig, managing director of Fung Global Retail and Technology. “In the Chinese market, it’s more of a sport.” Continue Reading

  • USA Today

    This year, it's estimated the company could sell as much as $20 billion worth of goods, a 40% year-over-year increase over last year, according to New York-based research firm Fung Global Retail & Technology. Continue Reading

  • China Daily

    After a year-on-year increase of 54 percent in 2015, Fung Global Retail & Technology forecast that this year's shopping frenzy would see a 40-percent increase to hit $20 billion. [...] Fung Global has based its 2016 forecast on a tailwind from Chinese online shoppers' surging demand for overseas goods and high expectations from the extensive marketing campaign by China's leading e-business giants like Alibaba, which would use virtual and augmented reality features this year. Continue Reading

  • Forbes

    The monolith of self-shopping holidays is Singles Day on Nov. 11 (or 11.11). This 24-hour super sale was trademarked in 2012 by Alibaba, the Amazon of China. This year’s annual sales are estimated at $20 billion according to New York-based research firm Fung Global Retail & Technology. That means that Singles Day, a day devoted to buying for oneself, will generate more revenue than Black Friday and Cyber Monday combined. Continue Reading

  • NextShark

    Research firm Fung Global Retail & Technology is looking at another 40% increase this year to Alibaba’s profit, with an expected $20 billion in sales. The New York firm cites Alibaba’s innovative and aggressive marketing strategies among the keys to its impending success. Continue Reading

  • South China Morning Post

    Chinese tourist spending hit a significant US$229 billion in 2015, according to global consultancy GfK. Forecast by Fung Business Intelligence Centre to soar to US$422 billion by 2020, the figure was much higher than the US$165 billion registered by China’s State Administration of Foreign Exchange in 2014 and the US$29 billion recorded in 2013. Continue Reading

  • New Ghana

    Similar to the UK and US shopping day Black Friday, Chinese online retailers will offer a slew of promotions on Nov 11, and could generate up to US$20 billion sales this year, a 40 percent increase on last year’s gross merchandise volume of US$14.3 billion, according to Fung Global Retail & Technology. The 2015 figure represented a year-on-year increase of 54 percent. [...] Fung Global said its 2016 forecast was driven by a tailwind from Chinese online shoppers’ demand for overseas goods and by expectations for Alibaba’s extensive marketing campaign, which this year exploits virtual and augmented reality features. Continue Reading

  • Shanghaiist

    Though it's not like Alibaba particularly needs help from the international market. A New York-based research firm Fung Global Retail & Technology forecasts that sales will increase another 40% this year up to around $20 billion. Analysts are confident in Alibaba's slew of promotions and innovative marketing campaign, which is going virtual this year... Continue Reading

  • Korea Herald Business

    펑글로벌 리테일 앤 테크놀러지(Fung Global Retail &Technology)는 퍼스트 인사이트(First Insight)와 공동으로 지난 2013년부터 지난 6월말까지 3년 6개개월 동안 미국, 캐나다, 스페인 등 주요 11개국에서 판매 중인 의류와 신발, 액세서리 등 패션 관련 10개 부문 5만7000여개의 제품에 대한 판매 가격 및 소비자 성향을 분석했다. Continue Reading

  • China Daily

    As with the UK and US shopping day known as Black Friday, Chinese online retailers will offer a slew of promotions on Nov 11 that could help generate up to $20 billion this year, a 40 percent increase on last year's gross merchandise volume of $14.3 billion, according to Fung Global Retail& Technology. The 2015 figure represented a year-on-year increase of 54 percent on 2014. Continue Reading

  • Chain Store Age

    Alibaba generated $14.3 billion (U.S. dollars) in 2015 — completely eclipsing the combined sales of Black Friday and Cyber Monday in the United States. Fung Global Retail & Technology expects Singles’ Day this year to reach $20 billion (U.S. dollars), a stunning 40% year-over-year increase. Continue Reading

  • Nasdaq

    Singles’ Day sales surpassed Cyber Monday sales in 2012 and have doubled them (at least) in succeeding years; last year, shoppers placed $1 billion worth of orders in the first eight minutes alone. This ongoing surge in growth has created high expectations for this year’s event. Ant Financial, Jack Ma’s payment unit, predicts record sales once again; one research group (Fung Global Retail & Technology) is estimating a 40% increase to $20 billion in sales. Continue Reading

  • NRF

    Deborah Weinswig, managing director of Fung Global Retail & Technology, estimates the smart wearables market at $28.7 billion in 2016, with 275 million units shipped. She says wrist wearables are expected to grow at a compound annual rate of 30 percent through 2017, and that apparel, sportswear and body cameras will grow 12 percent annually over that same period. Continue Reading

  • Business Insider

    Overall, Alibaba generated $14.3 billion in sales on Singles' Day last year. This year, sales are expected to reach $20 billion in the 24-hour period, according to the research firm Fung Global Retail and Technology. Continue Reading

  • Retail Customer Experience

    Next year may be the year online grocery activity hits its stride as supermarkets expand digital shopping options and more consumers are looking to buy more items than ever. There is an expected 2 percent uptick in online sales of fast-moving goods, according to a Supermarket News report citing insight from Fung Global Retail & Technology analyst Deborah Weinswig. Continue Reading

  • design:retail

    Retail sales this holiday season are slated to increase 3 to 4 percent over 2015, according to the Fung Global Retail & Technology think tank’s latest report: “U.S. Holiday Outlook 2016: Prospects for a Better Season.” The forecasted year-over-year increase of 3.2 percent comes in part from a recipe of low unemployment, wage gains and more affordable food and fuel prices. The last decade has seen an increase of 2.5 percent annually. Continue Reading

  • eMarketer

    The November 2016 report from Fung Business Intelligence Center (FBIC), reveals that there will be 40% growth in Singles Day sales at Alibaba this year, up $5.7 billion from 2015’s $14.3 billion. But it’s not just that Singles Day encourages spending and sales—there are plenty of days around the world that do just that. It’s that the spending is so much higher than any of those other days. Continue Reading

  • Tampa Bay Business Journal

    "Given the already substantial consumer participation rates, there look to be opportunities to convert the large body of occasional, small-basket online shoppers into shoppers who conduct their main grocery shops online," Deborah Weinswig, an analyst with Fung Global Retail & Technology, wrote in a report. Continue Reading

  • Business Review Europe

    Last week, Fung Global Retail & Technology suggested holiday spending could increase by 3.5 percent year-on-year, with Brits expected to spend around £2.5bn more than the previous Christmas. Stores across the UK could see sales top £73bn in the final two months of the year. Continue Reading

  • NRF

    While Amazon is the leader in this space, it’s not alone. In April, Fung Global Retail & Technology released a report about Kwik, an open-source alternative to Amazon. Kwik “has had some success in Israel, signing up some global brands there,” says John Harmon, a Fung Global senior analyst. “However, the company has to overcome the mind and market share that Amazon has built up in the U.S.” Continue Reading

  • Chain Store Age

    Alibaba is expected to generate $20 billion in sales on Singles' Day this year, up from $14.3 billion last year, according to Fung Global Retail and Technology, Business Insider reported. This year, many American retailers will participate in Singles Day, including Macy’s, Target and Starbucks. Continue Reading

  • Business Insider

    During Singles' Day last year, one out of every 12 people in China bought products on Tmall, and one out of every 10 people outside China browsed products on Alibaba's AliExpress website, which allows consumers to buy products wholesale directly from China, according to Fung Global Retail & Technology. Continue Reading

  • Supermarket News

    Online grocery is poised for a major boom in 2017 as an increase in "click-and-collect" options from U.S. retailers like Kroger and Walmart facilitate a consumer shift from buying specific items online infrequently to buying large baskets more frequently. Deborah Weinswig, an analyst with Fung Global Retail & Technology in a report published Monday said the expansion of click and collect at retail will help close a gap between the large percentage of shoppers already making grocery purchases online and the relatively low percentage of fast-moving consumer goods purchased online overall. Continue Reading

  • Fashion Network

    Consumers are happier to pay closer to full price for athleisure than for ‘regular’ footwear, tops, dresses or outerwear, new analysis based on three years of data shows. Research specialist Fung Global Retail & Technology and tech firm First Insight analysed 57,000 womenswear products in 11 countries and across 10 categories in the period up to June 2016. Countries studied included China, France, Germany, the UK, the US, Mexico, Spain and Poland. Continue Reading

  • Quartz

    A three-year study that tracked clothing costs versus what global consumers are willing to pay has some bad news for fashion retailers: “On average, across all womenswear categories tested between January 2013 and June 2016, consumers were willing to pay only 76% of full price.” The study, conducted by Fung Global Retail & Technology and First Insight, underscores the pressure to discount that the growth of off-price retail and wide availability of cheap, fast fashion has put on retailers including Gap, J.Crew and Macy’s. Continue Reading

  • Refinery29

    FYI: You're definitely not alone in your perpetual bargain-scouring, Maxxinista shopping habits. These days, consumers only want to pay 76% of full price for clothing, according to a new report from Fung Global Retail & Technology and First Insight, per Footwear News. That desire to consistently have a quarter of any garment's price knocked down applies to all womenswear categories, the report found. Footwear pricing is expected to be slightly more discounted, even: Customers are down to pay just 74% of prices for shoes. To compile the report, Fung Global crunched the numbers on data on sales of 57,000 women's clothing and accessories pieces sold between January 2013 and June 2016. Continue Reading

  • Who What Wear

    When it comes to our closet, we all have certain things we're willing to splurge on, and researchers are catching on. A new report from Fung Global Retail & Technology and First Insight found that there is one trend women are willing to pay more for—and no, it's not designer shoes, it's athleisure. The findings indicate that price resistance is increasing, but when it comes to leggings and sneakers, women are still up for paying close to the full retail price. Continue Reading

  • CNBC

    The global travel retail market is estimated to grow to $85 billion by 2020, according to the Fung Business Intelligence Center, and Asia-Pacific is the largest single sector of the market, accounting for 39 percent, followed by Europe at 32 percent. Continue Reading

  • The New York Times

    Millennials became the largest furniture consumer group in the United States in 2014, according to Fung Business Intelligence research. Their spending on furniture increased 142 percent from 2012 to 2014. Continue Reading

  • US News & World Report

    Retail consumers are willing to pay more of the manufacturer's suggested retail price for athleisure (think Lululemon-style) items while they aren't for other types of clothing, according to new data from Fung Global Retail & Technology and First Insight. This is amid the sector's growth and womenswear becoming more casual. Continue Reading

  • Express & Echo

    According to analysis from Fung Global Retail & Technology, retailers are expected to enjoy a bumper Christmas season this year as Brits spend around £2.5 billion more than last Christmas. Continue Reading

  • Drapers

    Shoppers are only prepared to pay 76% of full price for womenswear, leading to a “persistent and significant gap” between retailer and consumer expectations, a new report shows. Analysis firm Fung Global Retail & Technology partnered with cloud-based technology company First Insight to analyse 57,000 womenswear products across 10 categories in 11 countries between January 2013 and June 2016. Continue Reading

  • Footwear News

    A new report from Fung Global Retail & Technology and First Insight has found that consumers are willing to pay only 76 percent of the full price for merchandise across all womenswear categories. The result, the researchers said, is industrywide price declines as brands and retailers cave to pressure to meet a more price-sensitive consumer’s demands. Continue Reading

  • Sourcing Journal

    The industry already knows it’s trained consumers not to buy at full price, but now Fung Global Retail and Technology knows exactly how much of their hard-earned dollars shoppers are willing to dish up. According to a new report done in conjunction with cloud-based technology company First Insight, consumer resistance to price is increasing—and prices are decreasing as a result. In looking at manufacturers’ suggested retail prices (MSRPs) for more than 57,000 womenswear products and the prices consumers are willing to pay for them between January 2013 and June 2016, the report found that consumers are only willing to pay 76 percent of the full retail price. Continue Reading

  • Women's Wear Daily

    Fung Global Retail & Technology managing director Deborah Weinswig partnered with First Insight to dive into more than three years of pricing and consumer preferences data on the women’s wear market. After crunching the data, the analysis revealed the impact of a market flush with markdowns that seem to be changing consumer behavior. Continue Reading

  • Cosmetics Design Europe

    Valued at $63.5bm in 2014, [travel retail] is predicted to grow to a mammoth $84bn by 2020, according to Fung Business Intelligence Centre, with Econsultancy nothing that beauty accounts for "around a third of all travel retail sales." Continue Reading

  • just-style

    "Social networks, consumer reviews/feedback site, purchase histories are already far superior to shop assistants and there is the high convenience of online/mobile shopping," he [Lutz Walter, secretary general of the European Technology Platform for the Future of Textiles and Clothing] continued, nothing the finding from a May 2015 Fung Business Intelligence Centre study that online retailers Zalando, in Germany, and showroomprive.com in France had increased sales 94.7% and 47% from 2009-2014, respectively. Continue Reading

  • Retail Dive

    Other holidays are also pushing up promotions, Deborah Weinswig, managing director of Fung Global Retail & Technology, told Retail Dive. Alibaba's Singles Day, which occurs on Nov. 11, has become an increasingly popular promotional day for U.S. retailers with an e-commerce presence in China, she said. Continue Reading

  • Retail Gazette

    The resilience of Brits continuing to shop and spend money despite initial fears after the Brexit vote is set to provide retailers a bumper growth this Christmas, according to a new report. Analysis from Fung Global Retail & Technology indicates that the “Brexit bounce” is set to boost holiday spending by 3.5 per cent year-on-year, but the increase could be as much as 4 per cent if recent strengthening trends continue. Continue Reading

  • Retail Times

    Despite initial fears that the UK’s vote to leave the European Union (EU) would damage consumer confidence, Brits have continued shopping and spending. This “Brexit bounce” is set to gift UK retailers bumper growth this Christmas, according to the latest report from Fung Global Retail & Technology, a retail think tank dedicated to emerging retail and tech trends. Its analysts anticipate that holiday retail spending will grow by a robust 3.5% year over year, but the increase could be as much as 4% if recent strengthening trends continue. Brits are expected to spend around £2.5 billion more than last Christmas, with tills ringing up a total of £73 billion in sales in the final two months of the year. Continue Reading

  • The Wise Marketer

    We kid the Millennials of course - it's one of the few pleasures left to us long-in-the-tooth Gen-Xers. It appears, however, that we do need to reckon with systemic behavior changes in the olds as well as the youngs. A new Fung Global Retail & Technology report entitled “The Silvers Series V: Leisure Services for Seniors” reveals that Boomer senior citizens are also spending more on experiences than on material goods. The report examines the consumer spending patterns of seniors in the U.S., the U.K. and Japan, finding that seniors across all three nations allocate a higher portion of their consumption expenditure to leisure than the average person does. 104.207.215.240 This article is copyright 2016 TheWiseMarketer.com. Continue Reading

  • RetailWire

    According to Fung Global Retail & Technology’s report, “The Silvers Series V: Leisure Services for Seniors,” seniors in the U.S., U.K. and Japan allocate a higher portion of their consumption expenditure to leisure than the average person does. Continue Reading

  • Retail Gazette

    A new report which analyses the UK’s retail sector has said that although it has gone through “much upheaval” in recent years, especially the recent Brexit vote, British consumers have consistently displayed resilience. The UK Retail Overview: Characteristics, Developments and Prospects report – put together by international analyst firm Fung Global Retail & Technology – also said that the UK retail industry was still regarded as a pioneer of multi-channel and innovative internet-only retailers. However, while it enjoyed several years of solid growth, this growth softened in 2016 and this was because of structural shifts and several other trends in the sector. Continue Reading

  • Forbes

    Consumers’ sentiment continues to improve, as does their mood. What does it mean for spending? Deborah Weinswig, Managing Director of Fung Global Retail & Technology, weighs in on what improvements in Prosper’s key indicators mean for retail sales and which categories are likely to benefit. Continue Reading

  • Triple Pundit

    “The key drivers in smart home adoption are home security, energy efficiency, entertainment, convenience/productivity, connectivity and health monitoring,” wrote global retail analyst Deborah Weinswig. This is born out in the success of Nest. Over 3 million people bought the Nest because they were offered a clear ROI on their purchase—not just because they could adjust the temperature of their home remotely. The device promised to use its smarts to reduce energy use, save money and pay for itself within two years. Continue Reading

  • Sourcing Journal

    Jing Wang, senior research associate at Fung Global Retail & Technology, said currency fluctuations will continue to impact the cost of goods in 2017. Continue Reading

  • Retail Dive

    There’s never been a presidential election cycle quite like this before. The highly contentious nature of the primaries ultimately resulted in the selection of two historically unfavorable candidates, leaving consumers — and retailers — feeling uneasy about this year's presidential election. Retailers are uncertain about the effect it could have on the holiday shopping season, which is typically the biggest sales period of the year for many retailers. In an August survey gauging retailer sentiment on holiday spending, market research firm Fung Global Retail & Technology and predictive analytics provider First Insight found the majority of the 102 industry leaders surveyed believe the election will have a "strong impact" on consumer spending during the second half of 2016. But it's not clear whether the election will be a good or a bad thing for retailers this holiday season: 33% predicted it would have a positive effect on spending, 31% said it would be negative, and 35% said neutral. Continue Reading

  • The Grocer (subscription needed)

    A report by Fung Global Retail & Technology suggests Europe could soon move to a cashless society, fuelled by the growth of contactless and in-app payments. In 2013, one in 60 payments in Europe were made using contactless, according to Visa Europe. This year, it’s one in five. In the UK, new data from the BRC, published today, shows cash was used for less than half of all retail transactions in 2015. Continue Reading

  • RetailWire

    Having grown up with social media and assuming instant access to almost all things digital, Gen Z want it all, and they want it now, according to a study from Fung Global Retail & Technology. “The new technology products and services have broadened consumers’ range of choice and quickened the pace of life,” Deborah Weinswig, managing director of the think tank, observed. Continue Reading

  • Retail Gazette

    John Mercer, the lead UK analyst at Fung Retail & Technology, also said the figures added “further weight” to the idea that the Brexit vote has had “little effect on consumer behaviour”. “The hit to apparel stores is a medium-term trend that we have seen almost consistently since late 2015,” he said, referring to the 3.4 per cent drop in non-food sales. “We see apparel as taking the biggest hit from consumers deciding to prioritise spending on services over spending on goods,” Mercer added. “Shoppers are growing their spend at hotels and restaurants and on leisure and cultural services, and apparel specialist stores look to be bearing the brunt of this. The exceptions are the fast-growing pure play retailers, and the data for August show pure plays as a whole enjoyed a very strong month.” Continue Reading

  • Convenience Store Decisions

    Retailers, restaurants and leisure companies will be required to adapt to meet the demands of the upcoming generation. According to the new report “Gen Z: Get Ready for the Most Self-Conscious, Demanding Consumer Segment,” from Fung Global Retail & Technology, having grown up with social media and assuming instant access to almost all things digital, today’s image-savvy teens and tweens want it all, and they want it now. Adapting to the wants and needs of Gen Z will be no simple feat for retailers, restaurants and leisure companies. Continue Reading

  • Drug Store News

    The first generation to grow up online — Gen Z— is also poised to rank as the most demanding consumer group in history. That’s according to a new report from Fung Global Retail & Technology, which warns that retailers, restaurants and leisure companies will have to adapt to the wants and needs of Gen Zers (refers to those born in 2001 and later. Having grown up with social media and assuming instant access to almost all things digital, from music to video to information, Gen Z want it all — and they want it now as they acquire apparel, cosmetics and experiences. Continue Reading

  • Benzinga

    As part of its recent spinoff and renaming to better reflect its role as a global think tank focusing on the intersection of retail, technology and fashion, Fung Global Retail & Technology has introduced a new website, http://www.FungGlobalRetailTech.com, announced Deborah Weinswig, Managing Director. The website launches today, September 7, 2016. Continue Reading

  • MediaPost

    According to the Prosper Consumer Spending Forecast, spending is up from last month and so is consumer confidence, but small business owners’ sentiment is down. Deborah Weinswig, Managing Director of Fung Global Retail & Technology, reports on which categories may benefit from an upswing in confidence and purchase intentions and what may have small business owners worried. Continue Reading

  • Women's Wear Daily

    Looking at the department store sector from a global perspective reveals a market segment that has faced challenges from specialty retailers and fast fashion firms as well as from off-price retailers such as The TJX Cos. Inc. And the reaction has been to contract and consolidate. In a 142-page report on the state of the global department store segment issued yesterday by Deborah Weinswig, executive director and head of global retail and technology at Fung Business Intelligence Centre, the more mature department stores who have mastered an omnichannel approach will likely succeed. Continue Reading

  • Sourcing Journal

    While millennials worry about never retiring, most Gen Z’ers have never had a job—but that hasn’t stopped them from influencing their parents’ purchases. According to a Fung Global Retail & Technology report, published this week, some $829.5 billion was spent on Generation Z (which the group defines as those born after 2001) in the United States in 2015. That was about 6.8% of total U.S. consumer spending last year, but up 8.1% over 2014, when Gen Z influenced $767.6 billion or 6.5% of all dollars spent. Continue Reading

  • Forbes

    Prosper’s Consumer Spending Forecast is up from last month and so is consumer confidence (albeit still below the 13-month average), but small business owners’ sentiment is down. Deborah Weinswig, Managing Director of Fung Global Retail & Technology, weighs in on which categories may benefit from an upswing in confidence and purchase intentions and what may have small business owners worried. Continue Reading

  • Sourcing Journal

    Silver shoppers, also known as senior citizens, are often overlooked by retailers, but this may soon be the contrary. According to a recent Fung Global Retail & Technology Report, “The Silvers Series IV: Retail Reconfiguration for Seniors,” the 65-and-older demographic will influence the retail sector in future. But with silver shoppers spending only 62 percent of the average household total on apparel, retailers may have to accommodate aging consumers by changing a few things, such as building smaller neighborhood stores, increasing local delivery trucks and revamping store layouts. Although people may argue that millennials will shape retail’s future, they are not considering other major groups, including senior citizens. Continue Reading

  • Women's Wear Daily

    Comprising 26 percent of the global population, Generation Z is a large demographic. But a new report from Fung Global Retail & Technology also reveals how, what and why they spend. And in the U.S. alone, consumers spent $829.5 billion on Generation Z, “whose members have not yet all been born,” said report author Deborah Weinswig, managing director at the firm. Continue Reading

  • Apparel Magazine

    Look for more, but smaller, neighborhood stores, an increase in local delivery trucks and changing store layouts as retailers accommodate aging populations, according to "The Silver Series IV: Retail Reconfiguration for Seniors." The report is the latest in a series of analyses from Fung Global Retail & Technology on the impact of the growing 65-and-over population on global economies, industries and retail. With smaller households and appetites, seniors shop more frequently, but make smaller purchases, favoring the convenience store sector, the report says. Continue Reading

  • Chain Store Age

    Convenience stores stand to benefit the most from a greying population. That’s according to new report from Fung Global Retail & Technology which looks at the impact of the growing 65-and-over population on global economies, industries and retail. "The Silver Series IV: Retail Reconfiguration for Seniors,” noted that with smaller households and appetites, seniors shop more frequently, but make smaller purchases, favoring the convenience store sector. Continue Reading

  • HFN

    The massive millennial generation is starting to look a little less mythical and a lot more predictable, especially when it comes to home furnishings. In other words, they need couches and chairs, multiple beds, storage products, mixers and blenders and coffeemakers. Millennials’ share of spending on furniture and bedding more than doubled from 2012 to 2014, according to the think tank Fung Business Intelligence Centre Global Retail & Technology, and millennials forming their own households will help home furnishings maintain a compound annual sales growth rate of 2.9 percent through 2019. Continue Reading

  • Sourcing Journal

    It’s safe to say that most retailers still don’t get today’s consumer, despite the fact that talk about the changed shopper keeps pointing to three key demands: differentiation, personalization and immediacy. At a Project talk dubbed “Breakfast with the Disruptors” and hosted by Pivot, Fung Global Retail & Technology and First Insight in Las Vegas on Monday, five experts dissected what the modern man wants from his apparel and how retailers will need to get it to him. Men today are generally more likely to dress themselves, more interested in what they wear and not at all eager to look like Average Joe. Continue Reading

  • Retail Times

    Europe soon could be looking at the exit of cash from day-to-day transactions as smartphone technology supports digital money, says “Mobile Payments: Supporting Europe’s Move to a Cashless Society,” a just-released report from global think tank, Fung Global Retail & Technology. Continue Reading

  • DigitalThirst

    Smartphones are the hub of our digital lives today. We use them for everything from mobile shopping to entertainment to instant messaging to augmented reality. Mobile technologies have revolutionized how we search for, try on and shop for beauty products and services. Technological advances mean beauty apps can now be used as personal beauty consultants that allow consumers to virtually try on products, analyze their own skin and schedule on-demand beauty services, all from their mobile devices. Continue Reading

  • Forbes

    Brexit anxiety, stock market volatility and acts of violence are reflected in this month’s consumer sentiment readings. Deborah Weinswig, Managing Director of Fung Global Retail & Technology, weighs in on how it may affect consumer spending and the back to school shopping season. Continue Reading

  • MobileMarketing

    Europe could be looking at the end of cash for day-to-day transactions as contactless payments via smartphones see mass adoption on the continent, which is considerably more progressed than other global markets. According to a report from global think tank Fung Global Retail & Technology, some European countries are well on their way to a cashless ecosystem, with retailers, transportation companies and even bank branches no longer accepting cash. Continue Reading

  • NRF (National Retail Federation)

    As the oldest Baby Boomers turn 70, their generation is rewriting the rules about what it means to be a consumer in the “silver” years. Their spending hasn’t decreased as significantly as previous generations; data from the U.S. Federal Reserve actually shows a 25 percent increase in the median net income for those aged 65-74 since 2001, says Deborah Weinswig, executive director and head of global retail and technology for the Fung Business Intelligence Centre. Those under 35, in contrast, have seen net income decline 18 percent. Continue Reading

  • Women's Wear Daily

    Although online apparel sales continues to grow, the overall consumer spending trend remains fixated on experiences over buying things. But the market has responded, noted Deborah Weinswig, managing director of Fung Global Retail and Technology. Continue Reading

  • eMarketer

    Fung Global Retail & Technology also analyzed how well, or poorly, Amazon Prime Day did. The company found mixed responses, likely because some deals were offered ahead of the big day, and some consumers found difficulty in checking out. Continue Reading

  • CNBC

    According to a study that examined prices among nine menswear categories from 2013 through June 2016, underwear was the only one that saw prices rise. Whereas prices on men's items declined an average 27.8 percent over that time — with the most dramatic drops coming from accessories, sweaters and swimwear — underwear prices increased by 34 percent, the report by Fung Global Retail & Technology and First Insight said. Continue Reading

  • Sourcing Journal

    Fung Global Retail & Technology teamed up with First Insight, a merchant recommendation platform, to analyze the results of customer surveys on men’s apparel conducted between 2013 and last month. Among the results announced at a “Breakfast With the Disruptors” panel discussion at Project New York on Monday was the discovery that menswear prices fell by 27.8% over the last three years. Continue Reading

  • 36Kr

    Amazon 周三表示,相比上一届 “Prime Day” 购物节,这一次全球订单量涨幅超过 60%,其中美国地区涨幅在 50% 左右。Amazon 没有透露更多具体的销售数据,包括销售额、参与购买的总人数等。但据一些分析师猜测,7 月 12 日当天的总销售额可能在 5 亿美元到 6 亿美元之间。FBIC 分析师 Deborah Weinswig 预计精确的销售额可能为 5.25 亿美元,如果确实如此,那么相比去年的 4.15 亿美元,上涨幅度达 26%。 Continue Reading

  • Yahoo! News

    Overall, according to FBIC analyst Deborah Weinswig, Amazon might have garnered $525 million in sales, a jump from the estimated $415 million made in sales during last year’s Prime Day. Such a jump was partly attributed to Amazon rolling out deals every five minutes instead of the 10-minute gap Prime Day 2015 had. Continue Reading

  • TheStreet

    While Amazon (AMZN) declined to share sales figures from its much-hyped Prime Day shopping promotion on Tuesday, that hasn't stopped analysts from estimating what the e-commerce giant brought in on the day. ...FBIC analyst Deborah Weinswig estimated additional sales of $525 million, up 26% from her estimate of $415 million in incremental sales in 2015. Continue Reading

  • WMC Action News 5

    Developments in robotics and smart homes are addressing the physiological, social and safety needs of seniors (defined as those 65 and older), while creative virtual-learning networks are helping them learn new things and share their own knowledge. Meanwhile, social networks are helping them find companions, thus helping to meet their social and self-esteem needs, writes Deborah Weinswig, Managing Director of Fung Global Retail & Technology. Continue Reading

  • ABC 40

    Developments in robotics and smart homes are addressing the physiological, social and safety needs of seniors (defined as those 65 and older), while creative virtual-learning networks are helping them learn new things and share their own knowledge. Meanwhile, social networks are helping them find companions, thus helping to meet their social and self-esteem needs, writes Deborah Weinswig, Managing Director of Fung Global Retail & Technology. Continue Reading

  • WDAM-TV

    Developments in robotics and smart homes are addressing the physiological, social and safety needs of seniors (defined as those 65 and older), while creative virtual-learning networks are helping them learn new things and share their own knowledge. Meanwhile, social networks are helping them find companions, thus helping to meet their social and self-esteem needs, writes Deborah Weinswig, Managing Director of Fung Global Retail & Technology. Continue Reading

  • KNBN-TV Rapid City

    Developments in robotics and smart homes are addressing the physiological, social and safety needs of seniors (defined as those 65 and older), while creative virtual-learning networks are helping them learn new things and share their own knowledge. Meanwhile, social networks are helping them find companions, thus helping to meet their social and self-esteem needs, writes Deborah Weinswig, Managing Director of Fung Global Retail & Technology. Continue Reading

  • CNBC

    So much for concerns that the second Prime Day event didn't live up to Amazon's expectations. The online retailer said Wednesday that the self-created holiday was its biggest sales day ever, with worldwide orders rising more than 60 percent compared with the previous Prime Day. In the U.S., orders rose by more than 50 percent. ...FBIC analyst Deborah Weinswig estimates sales at $525 million, up 26 percent from their projected sales of $415 million a year ago. Continue Reading

  • Zacks

    Yesterday marked Amazon.com, Inc.’s second annual Prime Day, a Black-Friday like grand sales event that was exclusively open to Amazon Prime subscribers. ...According to Deborah Weinswig, an analyst at FBIC, Prime Day this time around could generate $515 million in sales, reflecting 26% growth over its 2015 estimate of $415 million. Continue Reading

  • Fortune

    Amazon debuted Prime Day last year as a one-day sale exclusively for members of its Prime subscription shopping service. The company’s goal is to create a new shopping holiday like Black Friday—the busy shopping day after Thanksgiving—to encourage more spending on its site. While Prime Day is a manufactured shopping event, the sale is a big deal for Amazon: retail advisory firm FBIC, has forecast predicts Prime Day could generate $525 million in sales, up 26 percent from its $415 million estimate last year. Continue Reading

  • Jing Daily

    The report looks at travel spending by households with incomes over US$20,000 and utilizes Visa payment data as well as Oxford Economics projections, excluding spending on plane tickets. Estimates by previous organizations that include airline ticket purchases have been even higher—a report by the London-based nonprofit World Travel and Tourism Council released in March this year states that Chinese tourists spent a total of $215 billion overseas travel in 2015, while a report by China Luxury Advisors and the Fung Business Intelligence Centre says that overseas travel spending by Chinese tourists actually reached $229 billion last year and will hit $422 billion by 2020. Continue Reading

  • CNBC

    Deborah Weinswig, an analyst at FBIC, predicts Prime Day could generate $525 million in sales, up 26 percent from its $415 million estimate last year. Continue Reading

  • SB News Online

    It's a special day that Amazon has created for Prime subscribers, they have been promised substantial discounts on a wide variety of products so it's going to be a big day for the online retailer. Deborah Weinswig, an analyst at FBIC, predicts Prime Day could generate $525 million in sales, up 26 percent from its $415 million estimate a year ago. Continue Reading

  • Sourcing Journal

    Wristwear will go the way of Google Glass as activewear brands expand their wearable tech offerings. That’s according to the latest wearables report from Fung Global Retail & Technology, Li & Fung’s think tank. Despite Fitbit, Xiaomi and Apple taking the top three spots in terms of sales in the first quarter of 2016, Fung’s insight shows their days are numbered. Continue Reading

  • InsideRetail Hong Kong

    Moving beyond smartphones and smartwatches, smart shirts and more are expected to emerge as the next generation of wearable technology, according to a new report from think tank Fung Global Retail & Technology. This follows the development of new segments, the merging of others and greater integration with the Internet of Things (IoT), says The Wearables Report 2016: Reviewing a Fast-Changing Market. Continue Reading

  • Chain Drug Review

    We all know the aging of the U.S. population is one of the biggest demographic changes of our era. This is presenting not only challenges to health care providers and governments but also opportunities for new technologies that deliver health services more efficiently, more effectively or faster. Here, we outline some key health tech innovations and our thoughts about the future of this fast-developing market. Continue Reading

  • Forbes

    Prosper’s Consumer Confidence reading is up nearly three points from last month, while the Prosper Spending Score is down less than one point. Deborah Weinswig, Managing Director of Fung Global Retail & Technology, provides analysis on the future of consumer confidence, the Consumer Spending Forecast and what it says about consumers’ position to spend, the Consumer Mood Index by category, and subsequent categories that may benefit or suffer based on consumer automotive purchase intentions. Continue Reading

  • Women's Wear Daily

    Deborah Weinswig of Fung Global Retail and Technology wrote that for 2017, U.K. gross domestic product growth is likely to be between 1 percent and 1.5 percent lower that it would have been had the vote gone the other way. Prices will go higher as a result of the weaker pound and retail sales will probably soften. Continue Reading

  • WAFF 48 News

    The companies whose participation in Vision 2027 was announced previously include: Fung Global Retail & Technology – Led by Deborah Weinswig, executive director and head of global retail technology, the company will introduce 12-15 innovators that provide solutions for consumer goods, the pharmacy, clinics and patient engagement. Their insights will appeal to attendees interested in enhancing the shopping experience, engaging patients through omni-channel strategies, and optimizing data analytics and cloud computing. The company also will bring to Vision 2027 elements of its Innovation Center in Shanghai, highlighting some of the leading-edge retail technology companies that have demonstrated success. Continue Reading

  • The Wall Street Journal

    Chinese tourists are welcomed around the world because of the spending money they bring with them. A report by China Luxury Advisors and the Fung Business Intelligence Centre, a Hong Kong-based data company tied to clothing-supplier Li & Fung Ltd., says the amount spent by Chinese tourists world-wide will reach $422 billion by 2020, nearly double the 2015 figure. Continue Reading

  • Forbes

    Prosper’s Consumer Confidence reading is down and the Consumer Spending Forecast is flat. Deborah Weinswig, Managing Director of Fung Global Retail & Technology, provides analysis on why sentiment is soft, as well as where consumer discretionary dollars may be going this summer. She also weighs in on a potential bright spot—the auto market. Continue Reading

  • Women's Wear Daily

    In a report on the impact of lower gas prices, Deborah Weinswig, managing director at Fung Global Retail & Technology, said “total spending on food services recently exceeded total spending on groceries for the first time ever. Dining out is one of the discretionary expenses that consumers can now spend on more often with the extra discretionary income they have gained thanks to lower gas prices.” Continue Reading

  • Convenience Store News

    The "silver generation," considered adults ages 60 and older, could provide a golden opportunity for convenience store retailers in the future. According to "The Silver Wave: Understanding the Aging Consumer,"” a new report from Fung Global Retail & Technology, the silver generation will drive more than 45 percent of consumption growth in North America. But Deborah Weinswig, managing director of New York-based Fung Global, cautioned retailers must adapt to changing consumer wants and needs on both a macro and micro level to capitalize on this trend. Continue Reading

  • Skift

    U.S. travelers are the top spenders on travel in the Asia-Pacific region, having spent some $231.6 billion there in 2015, and it appears their lead position will remain the status quo for the foreseeable future. That’s according to a report from the Pacific Asia Travel Association, which analyzes international travel and tourism trends in the Asia-Pacific region. A separate report from Fung Business Intelligence Centre and China Luxury Advisors project overall Chinese outbound travel spend will reach $422 billion per year by 2020, suggesting that most Chinese outbound spending takes place outside Asia-Pacific. Continue Reading

  • Ecommerce Guide

    Other speakers included the Managing Director of Fung Global Retail & Technology, Deborah Weinswig, and the CEO of LUMA Partners, Terence Kajawa. Former CEO of Millennial Media and AdMeld, Michael Barrett, led a panel. Continue Reading

  • Hotel Management

    There is, however, another consideration behind Chinese appetite for U.S. hotel assets. Namely, all the Chinese tourists that are set to visit them. The number of Chinese tourists traveling outside of the country is expected to double to 234 million by 2020, accounting for $422 billion in spending, according to a recent report by China Luxury Advisors and the Fung Business Intelligence Centre. Continue Reading

  • Ad Tech Daily

    Speakers included industry mavens Deborah Weinswig, Managing Director of Fung Global Retail & Technology, and Terence Kawaja, Founder and CEO of LUMA Partners. Participants included executives from Best Buy, Kohl’s, Peapod, Intel, Coca-Cola, and Xerox. Michael Barrett, former CEO of Millennial Media and AdMeld also led a panel. Continue Reading

  • suzguru.com

    Throughout 2015, Fung Business Intelligence Centre – Global Retail & Technology researched, discussed and reported on the latest retail and tech themes. In this video, Deborah Weinswig, our Executive Director, looks ahead to 2016 to outline what we think will be the key retail technology trends in global retail in the coming year. Read our full report for further analysis on the Top 16 Global Retail Tech Trends for 2016: http://bit.ly/FBIC16RetailTechTrends Continue Reading

  • Forbes

    Today’s consumers continue to evolve, which is evident in their shopping behaviors and purchase intentions. Deborah Weinswig, Managing Director of Fung Global Retail & Technology, has weighed in again this month on some of Prosper’s leading indicator analytics including Prosper Consumer Confidence, the Prosper Spending Forecast, the Prosper Impulsivity Score, and the Consumer Mood Index. She also took a special look at Prosper’s recently released Amazon Shopper Preference Index. Continue Reading

  • Tech Investor News

    Today’s consumers continue to evolve, which is evident in their shopping behaviors and purchase intentions. Deborah Weinswig, Managing Director of Fung Global Retail & Technology, has weighed in again this month on some of Prosper’s leading indicator analytics including Prosper Consumer Confidence, the Prosper Spending Forecast, the Prosper Impulsivity Score, and the Consumer Mood Index. She also took a special look at Prosper’s recently released Amazon Shopper Preference Index. Continue Reading

  • Campfire Capital

    By Deborah Weinswig. A 17-year-old is about to take over the sneaker resale market. Anthony Debrant started collecting sneakers at age 12, saving up birthday and holiday money to buy his first pair of Nike NKE +0.68% Air Jordans. Today, he owns 60 to 70 pairs of sneakers, but he wanted to do more than just collect them—so he came up with an idea for a platform called SneakMart. According to Debrant, SneakMart was created to “simplify the lives of sneakerheads.” It is an online platform for sneakerheads created by a sneakerhead. Read more at Forbes. Continue Reading

  • Webpackaging

    The high point of this 'Digital Mania' on which MakeUp in Paris is putting emphasis, will be a series of conferences that begin on June 10 at midday and will bring together more than fifteen speakers including Laurence-Anne Parent, Senior Partner at Advancy, on the theme "What is the weight of e-commerce in the global cosmetic business? A conference followed by the conference of Deborah L. Weinswig, Executive Director-Head Global Retail & Technology, Fung Business Intelligence Centre. Continue Reading

  • Women's Wear Daily

    As a percentage of total spending, Latin American consumers typically spend most of their earnings on food and drink. Compared to U.S. consumers, these shoppers also face cheaper housing costs. With apparel spending, the percentages vary and are on par with the U.S., but two countries — Brazil and Argentina — have significantly higher expenditures, according to the latest analysis of the region by Fung Global Retail & Technology analyst Deborah Weinswig. Continue Reading

  • The Robin Report

    Several conference presenters cited examples of how retailers are utilizing tech to enhance operational efficiency, drive marketing and brand messages, and launch new business models. Deborah Weinswig, Executive Director of the Fung Business Intelligence Centre, pointed out that with “store traffic down, in-store experience is key. High-end malls have been the least affected because they have invested the most in experience-enhancement technologies like beacons, mobile, apps, and more.” Weinswig said that some mall owners are using beacons to track shoppers, which helps with co-location strategies. Continue Reading

  • Chain Drug Review

    By Deborah Weinswig | It feels like “The boomers are coming! The boomers are coming!” has been a corporate rallying cry for a number of years now as a range of industries have worked to prepare for the aging of the population. But successfully targeting the baby boomer generation has proven elusive for many. A careful examination reveals that finding long-term success within this demographic will require evolving with the boomers as they age — while helping them age without them realizing it. Seniors will drive U.S. population growth as the boomer generation ages. Continue Reading

  • Women's Wear Daily

    Regarding last month, Deborah Weinswig, managing director at Fung Global Retail & Technology, said in her market report that it was the second-warmest March in 55 years in the U.S., which favored certain retail channels. “Home centers and mass merchants benefited the most from the warm weather, with retail foot traffic increasing by 2.1 percent and 1.2 percent for the respective segments, over the previous year,” Weinswig said citing estimates by Planalytics. The analyst also said the weather helped boost foot traffic, which gained 10 percent, at Dillard’s during the month. Continue Reading

  • Sourcing Journal

    New Fung Global Retail & Technology report says more retail bankruptcies will end in liquidation than reorganization. Continue Reading

  • Campfire Capital

    When Nike introduced the HyperAdapt 1.0 at its innovation event last month, sneakerheads and Back to the Future fans alike lost it. The self-lacing shoes use a technology called EARL (electro-adaptive reactive laces) that Jayce Wagner at Inquisitr says “uses digital sensors throughout the shoe to…adapt to each wearer for an unprecedented level of comfort as well as eliminating the need for tying one’s shoelaces.” Additional buttons on the side of the shoes allow wearers to manually tighten or loosen them for a comfortable fit. This invention is just the beginning of tech-enabled footwear. As we continue to grow the Internet of Things and connect more and more objects to our smartphones, it is only natural that footwear will be one of them and that it will offer more individual customization options. Read more at Forbes. Continue Reading

  • [a]listdaily

    Retail analyst for Fung Global Retail, Deborah Weinswig, explained on Forbes how particular lifestyle brands, like aspirational brand Lululemon Athletica for example, are providing consumers with something of a luxury experience. Lululemon has managed to break records with its fourth-quarter earnings, making revenues around $704.3 million—a nearly 17 percent year-over-year increase from 2014. “Retail outperformers tend to be polarized, positioned at either the high-end or the low-end, while middle-market retailers tend to be squeezed by rising interest rates and increasing standards at the budget retailers,” Weinswig notes. “At the upper end of retail, one particular sector is winning: lifestyle brands.” Continue Reading

  • WWD

    Business is tough, but stocks are coming up — welcome to the topsy-turvy world in which publicly traded fashion companies live. “The bad news is priced in,” said Deborah Weinswig of Fung Business Intelligence Centre. “I think the story out there is stronger than it’s been in a while.” Weinswig pointed out that the coming comparisons will be easier as retailers go up against last year’s port strike and the terrible weather in the early part of 2015. The first quarter of 2015 was colder than normal and the wettest since 2011, according to Planalytics. The rain continued into the second quarter, turning the period into the wettest in 20-plus years, negatively hitting store traffic. Weinswig also sees a lot of sentiment around mergers and acquisition activity and expects the industry could see further consolidation. “We could see capacity taken out of the market and fewer stronger players,” she said. Continue Reading

  • Forbes

    U.S. consumers have a brighter outlook for the short-term health of the economy, according to the latest Prosper data. The real question, however, is will it spring consumer spending? Deborah Weinswig, Managing Director, Fung Global Retail & Technology, has weighed in again this month on some of Prosper’s leading indicator analytics including Prosper Consumer Confidence, the Prosper Spending Forecast, the Prosper Impulsivity Score, and the Consumer Mood Index, and what they indicate about future spending. Continue Reading

  • Arizona Daily Star

    "What's in - trends that are remolding an industry that is increasingly challenged to be intimate, innovational and instant" - is the theme of the 20th annual Global Retailing Conference. Deborah Weinswig, Executive Director, Fung Global Retail & Technology will present. Continue Reading

  • Washington Post

    The number of Chinese tourists traveling outside of the country is expected to double to 234 million by 2020, accounting for $422 billion in spending, according to a recent report by China Luxury Advisors and the Fung Business Intelligence Centre. Continue Reading

  • Heart & Home

    The good news for U.S. furniture and home furnishings retailers is that Millennials forming their own households will help the sector maintain a compound annual sales growth rate of 2.9 percent through 2019. The challenging news is that online retailers and services will continue to disrupt what had been a consolidating retail category, according to "A Deep Dive into the U.S. Furniture Market," a newly released Fung Business Intelligence Centre (FBIC) report. Continue Reading

  • Pointofsale.com

    Deborah Weinswig will present her unique perspectives on the evolution of commerce - and the good that evolution can achieve - in a trio of speeches at events centered around the National Retail Federation's BIG Show, being held January 17th to 19th at the Jacob K. Javits Convention Center here. Continue Reading

  • Digiday

    As mentioned during the fourth-quarter earnings announcement, 11 million people use the Kohl’s mobile app — or, one-third of Yes2You members. Loyalty programs have become even more relevant in the smartphone age, as retailers look to new ways to drive engagement to their mobile apps beyond transactions, and customers look to their phones to do just about everything, a trend laid out by the FBIC Global report on retail trends for 2016. “More retailers will embrace and facilitate personalized experiences for customers — brands and retailers can achieve this by investing in improved loyalty and membership programs,” wrote FBIC’s executive director Deborah Weinswig. Continue Reading

  • WWD

    Deborah Weinswig's guest article on WWD. "If you spend enough time looking at data and studying shopper behavior, the fashion apparel business along with traditional retailing is undergoing a major transformation: Consumers are consuming, but it is not the same as it was before." Continue Reading

  • Builder

    Deborah Weinswig explains why millennials will make a huge influence on the housing industry. Continue Reading

  • Forbes

    The market continues its rocky ride. Deborah Weinswig, Executive Director, Head of Global Retail & Technology, Fung Business Intelligence Centre, has weighed in on some of Prosper’s leading indicator analytics including Prosper Consumer Confidence, the Prosper Spending Forecast, and the Prosper Impulsivity Score and what they indicate about future spending. Continue Reading

  • WWD

    What’s in and what’s trending will be the focus of the 20th annual Global Retailing Conference at the Terry J. Lundgren Center for Retailing at the University of Arizona in April. The conference will be held April 14 and 15 at Loews Ventana Canyon Resort in Tucson. Deborah Weinswig will speak. Continue Reading

  • Geo Marketing

    To draw connected consumers, the future of retail is about having fun with live fashion shows and virtual reality headsets, says analyst Deborah Weinswig. Continue Reading

  • Newsmax Finance

    “Just as mall traffic has decreased (Fung Business Intelligence Centre estimates that the average American now visits a mall three to four times a year, as opposed to five to six times a few years ago), visits to big-box retailers are also dropping,” BI reported. Continue Reading

  • Business Insider

    The growth of online retailers, especially Amazon, has made shopping trips less appealing. Just as mall traffic has decreased (Fung Business Intelligence Centre estimates that the average American now visits a mall three to four times a year, as opposed to five to six times a few years ago), visits to big-box retailers are also dropping. Continue Reading

  • The Fiscal Times

    The growth of online retailers, especially Amazon, has made shopping trips less appealing. Just as mall traffic has decreased (Fung Business Intelligence Centre estimates that the average American now visits a mall three to four times a year, as opposed to five to six times a few years ago), visits to big box retailers are also dropping. Continue Reading

  • Furniture Today

    Fung Intelligence Report says macroeconomic outlook good, 'disruptive' models on the horizon | The macroeconomic outlook for the home furnishing industry is good, fueled by rising GDP, a healthy employment market and a housing market that is recovering, although unevenly, according to the Fung Business Intelligence Centre. However, the Centre pointed to recent “signs of softness” in the housing market that could dampen industry prospects and its recent Deep Dive into the Furniture Industry Report, noted that, “The road to a full recovery will not be as smooth as it seemed at the beginning of 2015.” Continue Reading

  • Home World Business

    Millennials forming their own households will help the furniture sector in the United States maintain a compound annual sales growth rate of 2.9% through 2019, according to a Fung Business Intelligence Centre Global Retail & Technology report. ... Yet, Fung Business maintained, Millennials shop differently from previous generations, seeking smaller, multifunctional and affordable furnishings. They are researching and finding these items online. Continue Reading

  • CNBC

    The Terry J. Lundgren Center for Retailing at the University of Arizona today announced the 2016 presenters at its 20th Annual Global Retailing Conference, April 14-15 at Loews Ventana Canyon Resort in Tucson. Speakers for the event include: ... Deborah Weinswig, Executive Director, Fung Business Intelligence Centre ... Continue Reading

  • Home Furnishings News

    The continuing growth of the U.S. economy has led to a strong housing market, which supports furniture and home furnishing sales, and the outlook over the medium term is optimistic, said Executive Director-Head of Global Retail & Technology Deborah Weinswig in the report titled, "A Deep Dive into the U.S. Furniture Market." Furniture store sales have outperformed department and apparel stores sales, and should continue to do so for the next three years, according to the report published the think tank here, which follows emerging retail and tech trends and specializes in the ways retail and technology intersect. Continue Reading

  • Forbes

    This month, Deborah Weinswig, Executive Director, Head Global Retail & Technology, Fung Business Intelligence Centre, has provided comments on some of Prosper’s leading indicator analytics including Prosper Consumer Confidence, the Prosper Spending Forecast, the Prosper Impulsivity Score, and the Prosper Mood Index. Continue Reading

  • Nhật báo Cali Today

    “Ở Hoa Kỳ, các khu mua sắm trong giống hệt như cách đây 20 năm,” Deborah Weinswig, giám đốc quản trị Fung Business Intelligence Centre cho biết, “Chúng tôi đang làm cho chúng trở nên thú vị hơn, phấn khích, vui nhộn, và nhiều kinh nghiệm mua sắm hơn.” Continue Reading

  • Wopular

    I’m in Hong Kong this week and had a chance to attend and participate in InvestHK’s StartmeupHK Festival 2016. It’s a weeklong gathering of the Hong Kong startup community and an occasion to celebrate the success stories of Hong Kong–based entrepreneurs. See the blog on Forbes here: bit.ly/StartmeupForbes Continue Reading

  • Business Insider

    “In the US, the malls look exactly the same they did 20 year ago,” Deborah Weinswig, executive director at Fung Business Intelligence Centre, said recently in a talk at a JDA Executive Luncheon. “We’ve got to make it more exciting, and more fun, and more experiential.” Changing consumer tastes and the rise of e-commerce means shoppers are visiting malls less and less, with Weinswig reporting that the average American now visits a mall three to four times a year, as opposed to five to six. To compete with online shopping, malls need to match e-commerce in convenience and create experiential reasons to visit the mall that you cannot find online. Continue Reading

  • GeoMarketing

    As supermarket shelves emptied across New York and New Jersey, a Home Depot staffer told the New York Daily News that her store had been “selling salt by the truckload and that Friday’s batch had sold out in one hour,” noted Deborah Weinswig, Fung Business’ executive director/head of Global Retail & Technology, in a report issued late Sunday night. Continue Reading

  • The Daily News - Jacksonville, NC

    High-end, futuristic malls in China and parts of the US are upgrading technology, hoping to attract customers with “smart” shopping centers. “In the US, the malls look exactly the same they did 20 year ago,” Deborah Weinswig, executive director at Fung Business Intelligence Centre, said recently in a talk at a JDA Executive Luncheon. “We’ve got to make it more exciting, and more fun, and more experiential.” Continue Reading

  • My San Antonio

    High-end, futuristic malls in China and parts of the US are upgrading technology, hoping to attract customers with “smart” shopping centers. “In the US, the malls look exactly the same they did 20 year ago,” Deborah Weinswig, executive director at Fung Business Intelligence Centre, said recently in a talk at a JDA Executive Luncheon. “We’ve got to make it more exciting, and more fun, and more experiential.” Continue Reading

  • Chron

    High-end, futuristic malls in China and parts of the US are upgrading technology, hoping to attract customers with “smart” shopping centers. “In the US, the malls look exactly the same they did 20 year ago,” Deborah Weinswig, executive director at Fung Business Intelligence Centre, said recently in a talk at a JDA Executive Luncheon. “We’ve got to make it more exciting, and more fun, and more experiential.” Continue Reading

  • Yahoo! Style

    High-end, futuristic malls in China and parts of the US are upgrading technology, hoping to attract customers with “smart” shopping centers. “In the US, the malls look exactly the same they did 20 year ago,” Deborah Weinswig, executive director at Fung Business Intelligence Centre, said recently in a talk at a JDA Executive Luncheon. “We’ve got to make it more exciting, and more fun, and more experiential.” Continue Reading

  • Smyrna-Clayton Sun-Times

    High-end, futuristic malls in China and parts of the US are upgrading technology, hoping to attract customers with “smart” shopping centers. “In the US, the malls look exactly the same they did 20 year ago,” Deborah Weinswig, executive director at Fung Business Intelligence Centre, said recently in a talk at a JDA Executive Luncheon. “We’ve got to make it more exciting, and more fun, and more experiential.” Continue Reading

  • The Kansan

    High-end, futuristic malls in China and parts of the US are upgrading technology, hoping to attract customers with “smart” shopping centers. “In the US, the malls look exactly the same they did 20 year ago,” Deborah Weinswig, executive director at Fung Business Intelligence Centre, said recently in a talk at a JDA Executive Luncheon. “We’ve got to make it more exciting, and more fun, and more experiential.” Continue Reading

  • telegram.com

    High-end, futuristic malls in China and parts of the US are upgrading technology, hoping to attract customers with “smart” shopping centers. “In the US, the malls look exactly the same they did 20 year ago,” Deborah Weinswig, executive director at Fung Business Intelligence Centre, said recently in a talk at a JDA Executive Luncheon. “We’ve got to make it more exciting, and more fun, and more experiential.” Continue Reading

  • Drapers

    Executive director for Fung Business Intelligence Centre, Deborah Weinswig, made her predictions for future technology trends in retail including “additive technology” – the application of nano-technology in fabric – to offer intelligent clothing that performs function such as repelling moisture and sensing motion. She also said that 3D printing would evolve and become more mainstream, as will wearables and automated drone delivery, which is already being used by San Francisco pharmaceutical company QuiQui to deliver prescription drugs. Another of Weinswig’s predictions was the evolution of “smart malls” that use beacon sensors to allow data collection across kiosks, apps and motion-sensing technology. She also cited facial recognition as an area of global growth: 30% of retailers are already using the technology to track customers in store. Continue Reading

  • RIS News Insights

    Smart Quotes from Smart People: “What predictive analytics is able to do for you is to find out where the low hanging fruit is, where the strongest correlations are that can be acted on for the least amount of effort.” – Deborah Weinswig, Fung Business Intelligence Center Continue Reading

  • Drapers

    Drapers article on the NRF 16 panel presentation by FBIC and Li & Fung. "Also speaking on the panel was executive director for Fung Business Intelligence Centre, Deborah Weinswig, who gave her predictions for future technology trends in retail including ‘additive technology’ (the application of nano technology in fabric) to offer intelligent clothing that performs a function such as motion sensing and being water repellent." Continue Reading

  • Business Spectator

    However, the number of Chinese visiting in Australia is a drop in the bucket compared to the total number of Chinese tourists globally. 100 million Chinese travelled abroad last year and that number is set to increase to 234 million within this decade, according to Fung Business Intelligence Centre. Continue Reading

  • Point of Sale

    Deborah Weinswig will present her unique perspectives on the evolution of commerce - and the good that evolution can achieve - in a trio of speeches at events centered around the National Retail Federation's BIG Show, being held January 17th to 19th at the Jacob K. Javits Convention Center here. "The Big Show is the most comprehensive look at the latest global trends in retail and technology, so it's a very busy few days for us all," Weinswig notes. "It's an honor to be asked to participate in so many activities, and particularly with RetailROI, to be a part of an event that does so much for children in need, worldwide." Continue Reading

  • MediaPost

    With comScore reporting plenty of billion-dollar e-commerce days offsetting those potential brick-and-mortar declines, “our estimate of 3% - 4% sales growth appears to be on track,” writes Deborah Weinswig, executive director and head of global retail and technology for the Fung Business Intelligence Centre. Fung’s research, conducted in the final days of the holiday selling season, indicates that online’s power this season was dramatic, with some 60% of its respondents saying they were doing most of their shopping online, and two in ten saying they’d use their mobile device for some purchases. It also confirmed the trend toward earlier shopping, with 48% of the survey saying they began before Black Friday. And 16% even said they planned to keep shopping after the holiday, indicating an even wider spread of the holiday season. Continue Reading

  • Sourcing Journal

    With retailers desperate to clean out inventory after a lackluster holiday selling season, sales—though fewer than Black Friday—will likely boast deeper discounts and better quality. And with no major holidays on the horizon until spring, FBIC said retailers won’t be holding back this week. “They are offering deep discounts on Christmas items (including trees, wreaths, ornaments and wrapping paper), electronics (such as laptops, desktops, TVs and gaming products) and higher-end clothing, especially designer clothing,” the report noted. “Many are also offering great sales on fitness equipment to take advantage of consumers’ perennial New Year’s resolutions to live a healthier lifestyle.” Continue Reading

  • Global Cosmetics News

    Consolidation is the key to future growth, or so says Fung Business Intelligence Centre’s Executive Director – Head of Global Technology, Deborah Weinswig: “Expect major consolidation and channel switching in less mature markets.” No wonder then, that this year has seen several key mergers and acquisitions in every sector of the beauty industry. Continue Reading

  • Daily Journal of Commerce

    [Trend #3] Pricey Toys. Prices are climbing for toys as manufacturers pack lots of technology into them. Deborah Weinswig of the Fung Business Intelligence Center says in a recent report that prices of what the company considers the top 20 expected toys was nearly 36 percent higher than last year, with the average price of $64.99. Continue Reading

  • China Daily

    Over 140 Marriott-branded hotels are in the pipeline across the Chinese mainland, Hong Kong and Macao. On the mainland, outbound travelers in the first half of 2015 totaled 61.9 million, up 12.1 percent on-year over 2014. That number is expected to reach 234 million by 2020. According to a report by consultancies China Luxury Advisors and the Fung Business Intelligence Centre, overseas spending by Chinese tourists is expected to rise 23 percent this year to $229 billion, and will nearly double to $422 billion by 2020. Continue Reading

  • Sourcing Journal

    In markets such as the U.S., the U.K. and Germany, around 20 percent of clothing and footwear sales will be made online this year. With online shopping for fashion getting more and more popular, a perennial challenge is the issue of fit: Will the product the shopper chooses fit properly? Enter, online fitting technology. To help overcome these barriers, more and more retailers are adopting third-party online fitting services. (Based on our two reports on online fitting technology. You can find them here: bit.ly/1S5ouDN) Continue Reading

  • Sourcing Journal

    The holiday retail season hasn’t been the best for retailers this year—consumers are particularly price sensitive, websites are crashing under the weight of e-orders and the weather just won’t cooperate. And traffic hasn’t been all that great either. In a recent webinar, Deborah Weinswig, executive director and head of global retail and technology at the Fung Business Intelligence Centre (FBIC) and Evan Gold, EVP of global services at weather analytics firm Planalytics, discussed the state of holiday retail and the outlook for the remaining days of 2015. Retailers were generally pleased with Black Friday sales, which definitely favored e-commerce, Weinswig said, even despite the dip in traffic. Sales from then to Cyber Monday totaled $11.1 billion, a 17 percent year over year jump, according to the Adobe Digital Index. “Brick-and-mortar foot traffic was down 5.1% Thanksgiving weekend,” Weinswig said. “I think that number will start to be even more exaggerated as we get through the holiday season.” Continue Reading

  • South China Morning Post

    HSBC did a survey pegging outbound Chinese traveller numbers are expected to hit 242 million by 2024 which is more than double last year’s amount estimated by HSBC to be 116 million. With that in mind, Chinese investors are hot on their heels with an extensive and growing list of global luxury hotel developments and acquisitions. “A lot of Chinese travellers going overseas. Chinese (hotel) owners have a great opportunity to take advantage of that,” said McIntosh. In addition, a recent report by the Fung Business Intelligence Center and China Luxury Advisors found that outbound Chinese travellers spending will hit US$422 billion by 2020, up from an estimated $200 billion this year. Continue Reading

  • The Baltimore Sun

    Some Baltimore-area retailers have begun launching monthly subscription boxes to supplement their existing sales, and others are establishing entire businesses based on the model. Birchbox, the beauty box company that helped spark the subscription trend when it was founded in 2010, for example, has more than 800,000 subscribers to the $10-per-month box. And that's just for one company in a field of thousands. According to a May report from the Fung Business Intelligence Centre's Global Retail and Technology division, the top 10 startups in subscription-based retail have raised more than $543 million in the last five years. Continue Reading

  • GlobeSt.com

    “Retail is in a state of total disruption.” That declaration—made by Marie Driscoll, senior analyst at Fung Business Intelligence Centre—provides an underpinning to a number of thoughts and ideas that emerged from the buzz at ICSC’s national deal making conference, held here earlier this week. Making the comment while leading the “Omni-shopping: Understanding the new Consumer and their Impact on Shopping Centers,” education session, she added, “We’ve had siloed thinking in terms of where sales are coming from but we can’t be beholden to next quarter’s earnings report. That’s no way to run a business.” Continue Reading

  • Livemint

    A report from Fung Business Intelligence Centre and China Luxury Advisors predicts China’s outbound traveller numbers will grow to 234 million passengers by 2020, up from more than 100 million in 2014. The same report says that overseas spending by Chinese tourists will rise by 23% this year to $229 billion, and it will more than double by 2020 to $422 billion. Continue Reading

  • Women's Wear Daily

    It’s now clear that retailers are on course for an OK — but far from great — holiday season with moderate gains of around 3 percent, though many remain skittish about discussing business and are increasingly concerned about margins for the fourth quarter. “I’d say there was a midholiday lull. We checked in across the board,” said Deborah Weinswig, executive director of the Fung Business Intelligence Centre for Global Retail & Technology. The weather and a lack of events in stores impacted the level of business, Weinswig suggested. “There has been an increase in promotions, unplanned, to move product,” she said. “This week, friends and family promotions should start to help.” (WWD subscription required to read full article) Continue Reading

  • Reuters

    Online luxury jeweller Plukka is going door-to-door to beat the worst retail downturn in more than a decade in Hong Kong, where some of the world's most expensive commercial rents and plunging sales are corroding earnings of much larger rivals. The start-up, which aims to go public in Australia on Friday via a A$10 million ($7 million) back-door listing, has taken a leaf from video-on-demand service Netflix Inc and cosmetics company Avon Products Inc, offering customers to try before they buy. Deborah Weinswig, head of global retail and technology at Fung Business Intelligence Centre, said Plukka's combination of online and physical shopping could be a game-changer for the jewellery sector. Continue Reading

  • Reuters

    Overseas spending by Chinese tourists is expected to rise 23 percent this year to $229 billion, and will nearly double to $422 billion by 2020, according to a report by consultancies China Luxury Advisors and the Fung Business Intelligence Centre. Continue Reading

  • Women's Wear Daily

    New Bloomingdale's location in Hawai'i's Ala Moana Center will feature exclusives, mirrors with touch-screen lighting help, and charging stations in fittings rooms. "There are indications that the tourist situation could improve. For example, spending by Chinese tourists is expected to jump 23 percent this year to $229 billion, eclipsing $200 billion for the first time, and reach $422 billion by 2020, according to a report from Fung Business Intelligence Centre Global Retail and Technology and consulting firm China Luxury Advisors." (Subscription to WWD required to read full article) Continue Reading

  • Chain Store Age

    Favorable weather, an extra shopping day and new tech gadgets should attract more shoppers this holiday season, according to a new report. The U.S. Holiday 2015 Forecast from the FBIC Group says retailers should expect a happy holiday 2015 selling season, with combined spending in November and December to rise between 3% and 4% over 2014 levels to between $626 billion to $633 billion. See full report here: www.fbicgroup.com/?q=publication/%EF%BF%BCus-holiday-2015-forecast-things-are-looking-holidays Continue Reading

  • GlobeSt.com

    With all due respect to Elvis Presley, retailers could be in for a green Christmas this year rather than a blue one, according to holiday sales forecasts. Fung Business Intelligence Centre’s Deborah Weinswig predicts an increase of 3% to 4% in consumer spending during November and December, in line with the International Council of Shopping Centers’ recent report that more Americans plan holiday-related purchases this year, for a year-over-year increase of 3.3%. See the full report here: www.fbicgroup.com/?q=publication/%EF%BF%BCus-holiday-2015-forecast-things-are-looking-holidays Continue Reading

  • Women's Wear Daily

    “It’s interesting that Wall Street finally started to understand the need to invest and grow smartly. Nordstrom broke the ground on all that,” says Deborah Weinswig, executive director of the Fung Business Intelligence Centre. Continue Reading

  • The Wall Street Journal

    In a piece on Carnival Cruise Lines, WSJ quotes our recent study on Chinese shoppers. "The Miami-based company is betting that tourism will grow in China even as the economy slows," China’s outbound traveler numbers are still increasing and are poised to double by 2020 to 234 million passengers, from more than 100 million last year, according to a recent report from consultants Fung Business Intelligence Centre and China Luxury Advisors." Continue Reading

  • Skift

    Skift, the largest industry intelligence and marketing platform in travel, extracted 7 charts from our recent report, "Chinese Shoppers Going Global" for this recent piece. "Chinese travelers will increasingly search for local, authentic products to snag during overseas trips as they become more independent and forgo escorted shopping tours, many intending to spend whatever it takes to bring home souvenirs with great stories. — Dan Peltier" Continue Reading

  • China Daily

    China Daily reports on our recent study, "Chinese Shoppers Going Global". "No company wishing to remain a vital international force can afford to ignore the Chinese visitor." Continue Reading

  • WSJ ChinaRealTime

    WSJ's ChinaRealTime covered our recently released report "Chinese Shoppers Going Global." "Despite an economic slowdown, the depreciation of the yuan and turmoil in the stock markets, China’s tourists are set to hit the roads and skies this week to celebrate their country’s birthday. According to a recent report from consultancies Fung Business Intelligence Centre and China Luxury Advisors, China’s outbound traveler numbers are still growing and are poised to double by 2020 to 234 million passengers, from more than 100 million last year." Continue Reading

  • The Times of London

    The Times covered our recent research on Chinese Overseas travel spending with China Luxury Advisors. Excerpt: "China’s economy may be slowing, but there is no sign that its tourists are tightening the purse strings, with a new report claiming that their overseas spending rose by 23 per cent this year to $229 billion, making them the world’s biggest shoppers. Moreover, that figure is expected to almost double to $422 billion by 2020, further extending the growing gap with American tourists, who are the next-biggest spenders abroad. The report by China Luxury Advisors, a consultancy, and the Fung Business Intelligence Centre, a retail and technology think tank, reflects the rapid expansion of China’s middle class." Continue Reading

  • Jing Daily

    Jing Daily covered our recently released research on the Chinese overseas traveller. "Despite fears that an economic slowdown, currency devaluation, and stock market fluctuations will crimp Chinese travelers’ demand for international travel (and shopping), a new report indicates that we’ve only seen the tip of the iceberg." Continue Reading

  • WWD.com

    WWD covered our recently released report "CHINESE SHOPPERS GOING GLOBAL" in their business article, and added figures from Global Blue data from Barclays to support the projections. See the full report here: https://www.fbicgroup.com/?q=publication/chinese-shoppers-going-global-fbic-global-retail-tech-and-cla-sept-22-2015 Continue Reading

  • Barron's

    Deborah Weinswig was recently quoted in Barron's for an article on School Uniforms, stating "Uniforms are no longer plaid ties and sport coats; they are now more likely to include casual polos and khakis." Note, subscription required. This was a follow up to FBIC's recent School Uniform report, which can be found here: https://www.fbicgroup.com/?q=publication/flash-report-school-uniforms-2015-fbic-global-retail-tech-sept-8 Continue Reading

  • CNBC

    Deborah Weinswig was quoted in this CNBC piece on Amazon Prime Day: "The product mix was somewhat esoteric, deals were too mundane and the website was difficult to navigate," FBIC analyst Deborah Weinswig wrote after the event. Continue Reading

  • SuperMarket News

    Incremental changes in consumer behavior indicate a trend away from packaged and processed center store foods toward healthier and “free from” selections, according to a report from Fung Business Intelligence Centre. “This is a very real trend [that will] continue to trickle down to mass-market consumers, and economic recovery is likely to strengthen [it],” Deborah Weinswig, executive director and head of global retail and technology for FBIC, New York, said. [Note: Registration required] Continue Reading

  • AP, Milwaukee Journal Sentinel

    Rick Romell of the Milwaukee Journal Sentinel coveres Kohls move to launch buy online, pick up in store. Deborah Weinswig was quoted: "The company's decision to go more slowly than many other retailers into in-store pickup actually makes sense, said Deborah Weinswig, New York-based head of global retail and technology research for Fung Business Intelligence Centre. "Kohl's is like a fast follower," she said. "And I think it pays off for them because they learn from others. They see what they've done and then they jump on the bandwagon." Continue Reading

  • Retail Gazette

    In an article by Veebs Sabharwal, Retail Gazette quoted Deborah Weinswig and the FBIC report on Global Beauty: Gobal beauty sales, already a nearly $400bn market, is on the verge of explosive growth from emerging markets, but will see an industry influx as consolidation and technology disrupt channels of distribution, says Fung Business Intelligence Centre's just-released Global Beauty Report. "As developing and nascent regions increase their average per capita spend, the global market could see a potential 50% growth in the next 10 years," notes Executive Director-Head of Global Retail and Technology Deborah Weinswig. "Expect major consolidation and channel switching in less mature markets." Continue Reading

  • NACS THE ASSOCIATION FOR CONVENIENCE & FUEL RETAILING

    The NACS writes about how technology is both disrupting and revitalizing retail, based on an FBIC report. Deborah Weinswig is quoted: "“The marriage of retail and technology is rapidly changing the retail landscape and providing a plethora of new opportunities for brands, retailers and consumers. Consumer choices that were unimaginable ten years ago are now at our fingertips," said Deborah Weinswig, FBIC executive director and head of global retail & technology. "Overcoming these obstacles will take time, but retailers that do not master new technologies will be victims of disruption rather than the disruptors,” Weinswig said. Continue Reading

  • NRF STORES Magazine

    Sandy Smith in the April 2015 issue of "STORES Magazine" wrote about fitting rooms being the latest tech playground of retailers. Deborah Weinswig was quoted. "“The fitting room is extremely important, to shoppers and retailers alike,” says Deborah Weinswig, executive director and head of global retail research and intelligence with the Fung Business Intelligence Centre. “Think about it this way: A customer decides to shop in your store, moves through the first several gateways in the shopping experience and finally commits to an item she wants to try on. “Getting her into the fitting room is the first major accomplishment. Getting her to buy is the ultimate goal,” she says. “How that piece of clothing makes the customer look and feel at that moment in the dressing room is critical for both the sale and the creation of a loyal customer. The fitting room is where the magic happens.” Continue Reading

  • Footwear News

    In a piece by Sheena Butler-Young for Footwear News, Deborah Weinswig was quoted: The rise of households with middle class income and consumer demand for “lifestyle shopping” make China a prime market for American companies looking to sell globally. “China is the world’s largest online market,” said Weinswig, adding that robust e-commerce growth, a swelling online population and mobile shopping have lent support to e-commerce platforms. Continue Reading

  • THE ASSOCIATION FOR CONVENIENCE & FUEL RETAILING

    A piece on baby boomers by NACS quoted Deborah Weinswig, as well as quoted FBIC's research. "Just as they have at every other stage of their lives, Boomers are now redefining what it means to be old," said Deborah Weinswig, executive director-head of global retail and research at FBIC, in a press release. "On the whole, they are healthier, richer and more active than previous generations of older Americans. Younger Boomers (ages 55 to 64) earn and spend more than the average U.S. consumer, and significantly more than the avidly courted Millennials." Continue Reading

  • Forbes

    In a piece by Barbara Thau in Forbes, Deborah Wienswig was quoted on massive store closings: “The rapidly changing consumer purchasing patterns have forced retailers to relook at their business models, from store-fleet size to shopping apps,” according to “A Deep Dive Into The US Store Landscape,” a report by Fung Business Intelligence Centre, the research arm of the Hong Kong-based multinational Fung Group, led by Deborah Weinswig, executive director and head of global retail and technology. It’s no secret that the U.S. landscape has been chronically overstored for years. For example, “the US has nearly 40% more retail square footage than its Canadian neighbors to the north,” the FBIC report said. Compounding that is double-digit e-commerce growth, which is eating into consumers’ shopping trips. Continue Reading

  • CNBC

    In a piece for CNBC by Krystina Gustafson, Deborah Weinswig is quoted: Deborah Weinswig, executive director of FBIC research firm, sounded a similar tone in a note to investors. In it, she forecast that the Apple Watch will change the wearables' landscape. "In technology, and notably in wearables, it's not always the first to market who rules the perch," she said. "The winner is the one who offers a differentiated product and can effectively inform the consumer." Continue Reading