While Unity Marketing President-Founder Pamela Danziger expressed concern for the second half of the year. Danziger said, "Back-to-school shopping is at risk. And back-to-school shopping is a bellwether for what's ahead for Christmas and holiday shopping."
Marty Andrews, VF Corporation (VFC) Vice President of Loss Prevention, discussed the impact of retail theft. Andrews said, "We've seen a significant uptick in organized retail crime. It's certainly impacted the profits or organizations."
Rosenblum said, "Comparing Walmart to Target directly is somewhat of a false equivalency. They're very, very different businesses."
Martis agreed and said, "The trend that we've been seeing a lot with Walmart is that membership number. Not only have they been gaining new customers, but they've been able to keep the existing customers."
Pauline Brown, former LVMH Chairman of North America, discussed the state of luxury retail, which she sees on the rebound. Brown said, “When I look in recent weeks, and when I look at the forecast for the rest of the year, I think we have turned a corner.”
Video highlights:
00:00:03 - Tanger Outlets CEO Stephen Yalof
00:00:15 - RapidRatings Executive Chairman James Gellert
00:00:33 - Unity Marketing President-Founder Pamela Danziger
00:00:43 - VF Corporation Vice President of Loss Prevention Marty Andrews
00:01:04 - Director of Black Law Enforcement Alliance Marq Claxton
00:01:21 - Pulse Ratings CEO Dennis Cantalupo
00:01:30 - International Council of Shopping Centers CEO Tom McGee
00:01:43 - Bernstein Senior Research Analyst Dean Rosenblum
00:01:58 - LSEG Director of Consumer Research Jharonne Martis
00:02:13 - Bernstein Senior Analyst Aneesha Sherman
00:02:24 - Former LVMH Chairman of North America Pauline Brown
00:02:38 - Bryan Moore TalkShopLive Co-Founder & CEO
