New Economic Realities   //   December 23, 2023  ■  1 min read

Modern Retail Rundown: Global politics impact retailers, Rite Aid’s legal troubles & and the rise of thrifted holiday gifts

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Every week on the Modern Retail Rundown, the staff analyzes the latest news in the retail world.

This week’s show brings us reports of the current political climate impacting holiday sales; Ikea warned of product delays due to Houthi rebel attacks in the Red Sea and VF Corp experienced a major cyberattack. Elsewhere, Rite Aid is being hit with a lawsuit by the FTC over alleged misuse of facial recognition technology at its stores. Lastly, this holiday season more people are shopping for pre-owned gifts according to a new Salesforce report.