Wall Street Breakfast Watch out for 'Returnuary'
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Dec 26, 2024 Holiday shopping records are set to be overshadowed by a massive wave of returns, estimated at $900 billion. The trend of 'bracketing' shows changing consumer habits. Roaring Kitty makes a comeback, stirring interest among investors. As the market adjusts, experts warn of potential disillusionment post-inauguration. Insights into the luxury sector highlight Galaxy Entertainment's opulent upcoming hotel. Meanwhile, challenges for companies like Uber raise questions about regulatory impacts on growth.
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Returnuary Phenomenon
- Holiday spending hit record levels, but returns are expected to surge, reaching $890 billion.
- This "Returnuary" phenomenon stems from increased bracketing and ease of returns, impacting retailers.
Retailer Strategies for Returnuary
- Retailers must adapt to Returnuary by revising logistics and return policies.
- Consider offering refunds without returns or implementing buyback programs.
Post-Inauguration Disillusionment
- Investors are overly optimistic post-election, ignoring current economic data.
- This disconnect may lead to post-inauguration disillusionment as high expectations clash with policy realities.