- The Daily Current
- Posts
- From lipstick index to growth recession
From lipstick index to growth recession
Inventory availability is set to become a top priority as the holidays approach. If an item is out-of-stock, it can result in not just a lost sale, but a hit to a brand’s reputation, as well. To prevent this from happening, SnackMagic built its own system to keep a close eye on capacity, and a redirect to its Shopify store for potential substitutes. A little recommendation can make all the difference.
Warehouse robots, delivery drones and big autonomous trucks all took the floor at Home Delivery World in Philadelphia. The innovation on display offered signs that logistics networks will increasingly feature humans and machines working side-by-side. Continued growth of ecommerce will require more efficient ways of transporting goods.
From Kohl’s to Ulta, retailers reported strong sales of beauty products in the second quarter. It reflects how the return to in-person experiences has accelerated spending in some categories. At the same time, it could be a sign of the “lipstick index,” which holds that “affordable luxuries” rise at a time of overall downturns in the economy.
Reports for August indicate the job market remains strong and consumer confidence is rising. These are among the factors leading economists to surmise that the US is heading for a growth recession, where the economy slows dramatically, but doesn’t shrink. Whatever this period ends up being called, the real impact will be visible in the area of consumer spending, especially as pandemic-era savings dwindle and credit card balances rise.
Eddie Levine and Jing Gao found love in the third-party seller community. The milestones in their relationship all trace back to ecommerce events. Last month, they added their wedding to that list with an ASIN-based seating chart and favors in miniature boxes. “Ecommerce brought us together,” Levine said during the couple’s toast.
Tweet of the Day 🐦
Why are there SO MANY consumer brands being started by celebrities and creators?
Let’s make it make sense 🧵
— dhruv (@_dhruv_1)
7:29 PM • Sep 5, 2022